Hearing Aid Sales, Testing, and Solutions Business

Shelby County, TN
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Asking Price:$450,000
Gross Revenue:$305,000
Established Year:2011
Cash Flow:$160,000
EBITDA:$165,000
BUSINESS DESCRIPTION

This well-established business started in 2011, is a provider of hearing healthcare solutions in the Mid-South region. The company offers a wide range of services, including hearing evaluations, auditory processing disorder assessments, earwax removal, tinnitus management, and customized hearing aid fittings. It also features mobile hearing services, which provide care to patients in nursing homes or those bedridden, ensuring accessibility and convenience.

The business has demonstrated consistent financial performance with strong revenue and profitability. It maintains strong profit margins between 50-60%, underscoring its operational efficiency and profitability. The company is operated by a team of two employees and co-owners, both of whom are licensed hearing instrument specialists with years of experience.

With a strong reputation and existing customer base, this business offers significant growth potential through expanded marketing efforts and continued leverage of its comprehensive product and service offerings to reach new customers and providers.


DETAILED INFORMATION
Location
Shelby County, TN
Inventory
Not Included in asking price
Real Estate
Leased
Employees
2
Facilities
The office space is leased and would allow for a smooth transition to new ownership to take over the existing lease agreement.
Competition
The market remains steady and technology is not causing a change in their demand for hearing products for seniors. The main competition includes major wholesale stores and other small shops that may be chosen over their services out of convenience or familiarity.
Growth & Expansion
Overall demographic of baby boomers continues to rise and increase demand for their services in the area. Increasing partnerships with local insurance companies & healthcare providers or possibly adding an additional location would increase annual sales and capture more demand in the Midsouth.
Support & Training
The owner will help with the transition but will not seek to be involved long-term.
Reason for Selling
Retirement
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