Medical Device Manufacturing Business for Sale
Sales Revenue: $175,000
Cash Flow: $60,000
Location: Ottawa area, Canada
$55,000 Finished Goods
10,000 Office and test equipment
This well-established and profitable licensed medical device company distributes and services high-technology medical equipment. The company’s products are sourced from the USA, Europe and Asia. They are technically advanced with strong competitive characteristics and high reliability. Several products are modified for the Canadian market and sold under the company’s own brand names.
Sales are to a diversified customer base including hospitals, universities and physiotherapy clinics. Sales growth is 25% annually, with 45% of sales in Canada and 55% worldwide. The company has many long-term customers. The customer list is provided.
Biomation operates with complete audited ISO 13485 and ISO 9001 quality control systems that be can readily expanded and adapted to accommodate any new product additions. The company is Health Canada licensed so the purchaser is buying a fully-functional relocatable medical device manufacturing company with all approvals in place and ready for expansion. It owns 11 Canadian medical device licences.
Market and Competition
The company has a solid market position. It has gradually grown over a 27-year period and has strong potential for expansion.
Products have a sound competitive advantage. They are focused in four areas: physiotherapy, urology, cardiology and wound healing, with both clinical and home-treatment products. Most of the company’s products are designed with new technology, giving a price and feature advantage over competitive products.
The premises are not included in the business sale. At current business levels, the business uses:
400 sq. ft. Office and workshop
This medical technology business can easily be relocated to new premises because all fabrication is outsourced.
Support and Training
The seller will be available to the purchaser after acquisition for training and familiarization, and for consulting after takeover if needed.
Reason for Selling
The business owner is retiring.
Interested persons should contact the owner for more information,
David Hanneson email@example.com
Office: 613-256-2821, 1-888-667-2324
Cell Phone: 613-799-1179