Asking Price: $850,000
This opportunity is a full-service wholesale business for sale in Michigan that specializes in the niche distribution of a vast array of transformative (German-made), lifesaving medical devices, products, and equipment. The Company has worked alongside manufacturers throughout the Company’s 25+ year history to design and refine the proprietary medical products the Company distributes, most of which they are the exclusive distributor. These products have a long presence in the market and are immediately associated with the Company by decision makers and buyers.
There is significant value within the outstanding relationships the Company maintains with their large current distribution network. The Company’s customer base could be leveraged to gain access to top-tier, household name retailers and big-box stores for the distribution of other products. This Company stands as an opportunity for the Buyer to gain access to customers, relationships, and distribution partners which may not otherwise be feasible.
The Company possesses an expansive distribution network, which includes the following customers:
• Household name retailers and other big-box stores (Meijer, Walmart, Albertsons, SuperValu, C&S Wholesale Grocers, etc.)
• Major drug distributors and healthcare brands (AmerisourceBergen, McKesson, KeHE, Rite Aid, Kinney Drugs, Cardinal Health, etc.)
• The U.S. Department of Defense and other military affiliations
• Professional, collegiate, and high school athletic organizations (NFL teams, other major universities, etc.)
Over the Company’s 25+ year history ownership has established and maintained relationships with each of the Company’s customers. This has created an immense amount of potential for the new Owner(s) as the Company’s current distribution infrastructure and relationships could be expanded to immediately include additional product and service offerings.
Challenging barriers of entry protect the Company from competition. As previously mentioned, the Company is the sole distributor for the majority of its products. To protect these rights, the Company has obtained an abundance of intellectual property, such as U.S. Trademarks, Department of Defense National Stock Numbers (N.S.N’s), and other exclusive licenses.
There are currently four Owners within the Business, two of which are actively involved while the other two are passive investors. At this time, 100% of the equity in the Company is for sale. One active Owner is willing to remain with the Company (if the new Owner wishes so), while the other active Owner desires to pursue retirement and will require an eventual replacement. The Owner staying with the Business acts as the Controller, while the retiring Owner acts as the Company’s President. A succession plan is in place.
There are currently four Owners within the Business, two of which are actively involved while the other two are passive investors. At this time, 100% of the equity in the Company is for sale. One active Owner is willing to remain with the Company (if the new Owner wishes so), while the other active Owner desires to pursue retirement and will require an eventual replacement. The Owner staying with the Business acts as the Controller, while the retiring Owner acts as the Company’s President.
Additional Information
Number of Employees: 7
Year Established: 1995
Facilities: The Company currently operates out of a facility leased from an unrelated third-party. The current lease is on a month-to-month basis, granting new Owner(s) flexibility if they were to wish to transition the Company’s operations to a new headquarters. The Company occupies approximately 8,000 square feet of office and warehouse space.
Support/Training: Ownership is willing to provide reasonable and customary assistance during the transition period.
Reasons for Selling: Majority owner pursuing retirement.
Investment Highlights
(1) Tenured Quality Staff and Management Team
(2) Attractive Customer Base
(3) Expansive Distribution Network
(4) Large Gross Margins
(5) Sustainable Barriers to Entry against Competition
(6) New product launch in Sport Medicine with established distributor network
Growth Opportunities
(1) Growing the Company’s Sales Team
(2) Expanding Product Offerings
(3) Improving Website Design and Marketing Efforts
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Upon doing so you will receive a link via email to review and sign our confidentiality agreement. Once signed we will be able to further the conversation and send you the confidential Offering Documents. Please contact [email protected] with any questions. Interested parties must demonstrate proof of financial capability, sign a Non-Disclosure Agreement, and answer a few questions related to their background and interests. Enquire today about this medical distribution business for sale!