Medical Equipment Reseller

Seller Financing Available

Refurbished Diagnostic Imaging Systems

We purchase and resell refurbished and new diagnostic imaging systems to hospitals, clinics, imaging centers, surgery centers and physician offices. Our market includes all of the US and some international sales, primarily in Africa. Our refurbished products are priced about 50% less than new systems making these products more popular for facilities that have limited budgets. We offer products originally produced by major manufactures, such as GE Medical,Philips Medical, Siemens,etc. We primarily offer refurbished x-ray and c-arm systems, but have also sold MRI and CT systems, as well as new systems. Currently, new digital upgrades to existing systems has also developed into a strong market. Systems are purchased and transported to our facility in Ohio, where they are staged, tested and refurbished by trained service technicians. We offer room/system drawings, delivery, installation, training and warranty for systems sold in the US. We offer crating and shipping assistance to international customers. The business is small with two employees and contracts technical support both locally and throughout the US, keeping fixed costs low. The business was started more than 20 years ago and has expanded and contracted during that period.

The current owner wants to grow the business and is looking for a buyer and/or investor. The business can easily be expanded as all the key components are present, including web sites, advertising programs, US medical facility databases, systems technical information, strong national sales and support relationships and an excellent reputation within the industry. Therefore a potential buyer or investor would need to choose to either merge this business into their current business or develop this business into a larger standalone business. The owner has expressed interest in staying on beyond the transition period, mostly in sales, his sales skills are quite successful - however, he does not have to stay on if the buyer prefers him to exit. Alternatively, if the buyer wishes the seller to stay on and participate in growing the business, he would be open this as well.

The seller is also suggesting that the buyer allocate funds for increasing the business marketing budget to assist in expanding the business. The seller believes this is key to rapid growth and believes this investment will rapidly increase revenues.

This opportunity enables a buyer to become involved in the growing healthcare market that continues to expand, not only in the US but also in countries throughout the world and in Africa. 2021 sales were just under $900,000, however 2022 dropped to $500,000 as did 2023 sales. Gross margins are about 46%. Earnings were difficult to substantiate as the company elected to do accounting on a cash basis rather than on a accrual basis, which did not show account receivables, payables or inventory. Tax returns will be available for inspection.

This business would ideally be merged into or acquired by an organization in this market or related market. Other potential buyers/investors, not in a related space but wanting to enter this market, should be willing to invest additional funds in marketing and personnel beyond the purchase price. Currently the business provides a comfortable wage for the owner but needs to be expanded to develop higher volume of sales and significant earnings - potential is very strong. The business could easily be expanded to $2M-$4M per year with 10%-20% EBATA.

The owner would consider a buyer/investor to purchase a portion of ownership with remaining funds dedicated to expanding the business with the owner leaving at a later date. The business is easily capable of increasing sales 3-4 times its current level with very little additional investment other than in marketing - most other resources are in place. Future expansion can be considered by acquiring related local companies providing tech services, parts and additional related products.