Modifying and improving surgical equipment for implant surgeons and their patients – Noble cause which is unique and the owner of over 35 years is retiring. Such interesting work and on top of this they have developed a hip implant that is going to significantly increase the profits going forward.
Revenue:
$1,049,200
With New Technology Implant Budget is $2.6 million
Net Profit:
$182,459
With latest technology implant budget is $1,082,000
Potential:
This latest implant breakthrough will add significantly to the growth of the business going forward. The owner had patients and will continue to invest in that and has agreed to an exclusive manufacturing arrangement making the future look very bright.
Skills:
Lots of long-term skilled staff involved.
Hours:
Monday to Friday 7 am until 5 pm
Lease:
2 years with two 3-year options
Location:
Sydney Northern Beaches
Employees:
4 Engineers, 1 quality control person and a part-time bookkeeper
Reason for Sale:
Retirement
About the Business:
This business is a medical and hospital equipment company on the Northern Beaches of Sydney.
For over 25 years it has been providing high-quality service to hospitals, surgeons and multi-nationals in the maintenance, repair, design and manufacture of surgical instruments, implants, and tools. This commitment to quality has resulted in the undertaking of ISO 13485 accreditation, which complements their many years of experience.
Dealing with an accredited company is now particularly important as various state and federal health authorities move towards compulsory adherence to quality control standards such as ISO 13485 for the design, manufacture and repair of surgical tools and other medical devices.
History:
Over 25 years
Sale Price:
Submit all reasonable offers over $2 million
