Premier 30-Year DME Co. with Multiple NYC Locations

Brooklyn, NY
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Asking Price:$4,450,000
Gross Revenue:$3,246,998
FF&E:$15,000
Cash Flow:$1,018,353
Inventory:$1,450,000
Established Year:1995
BUSINESS DESCRIPTION

This DME company is a thriving company specializing in diabetic and orthopedic footwear tailored to meet the needs of individuals seeking comfort, mobility, and health support. The company’s focus is on providing high-quality, Medicare-, Medicaid-, and HMO-approved footwear designed for patients managing conditions such as diabetes and other orthopedic challenges. This company started their activities and is still a go-to place for durable medical equipment and services, including but not limited to respiratory equipment and supplies, nebulizers, compression stockings, bathroom safety items, custom-made orthotics, walkers & collators, orthopedic bracings, breast prosthesis, incontinence supplies, urological supplies, etc, etc.
Key Features:

Product Offering: Custom-fit diabetic shoes, insoles, and orthopedic footwear designed to prevent complications like ulcers and calluses while ensuring optimal comfort and style.
Insurance Coverage: Expertise in navigating Medicare, Medicaid, and HMO requirements to ensure customers receive coverage for prescribed footwear.
Customer Care: A dedicated team that provides consultations, fittings, and follow-up services, ensuring the footwear meets individual medical and comfort needs.

Through its innovative solutions and customer-focused approach, this 30-year old company has built a reputation for improving patient outcomes and enhancing the quality of life for those with specialized footwear needs and any durable medical equipment. Their ability to blend medical necessity with customer satisfaction has positioned them as a trusted provider in the region.


DETAILED INFORMATION
Location
Relocatable
Inventory
Included in asking price
Real Estate
Leased
Building SF
4,200
Employees
13
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
This company with three locations across NYC boroughs would boast modern, accessible, and customer-centric facilities. Here's a breakdown of the commercial setup: Brooklyn Location One: Size & Layout: A spacious flagship location with a showroom showcasing a wide range of products, including diabetic and orthopedic footwear, mobility aids, and home medical equipment. Features: Custom fitting area for footwear and durable medical equipment. Private consultation rooms for customer assessments and fittings.
Competition
There are other DME companies other in NYC,as it is a thriving and overcrowded market. However, one would be hard pressed to find a company wit better products and better customer service. Competitive Differentiators for this Successful DME Company To stand out in this competitive landscape, this successful DME company leverages the following: Insurance Expertise: Efficiently managing Medicare, Medicaid, and HMO approvals to reduce patient hassle, a critical advantage in a city with diverse healthcare coverage.
Growth & Expansion
The potential for growth of this successful DME company specializing in diabetic and orthopedic footwear, alongside a broader range of medical supplies, is substantial. Here’s a detailed analysis of the avenues for expansion: 1. Market Demand Trends Aging Population: The increasing number of elderly individuals in NYC and nationwide creates a growing demand for medical supplies, mobility aids, and custom footwear.
Financing
Lender pre-screened with $620K down.
Support & Training
Will train for 4 weeks @ $0 cost.
Reason for Selling
After thirty successful years the owner is retiring.
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Anton
Joro
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Anton Joro