Medical / Health businesses for sale in Colchester

View the "HOME BASED MEDICAL SUPPLIES BUSINESS, UK" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 


I can honestly say I was overwhelmed by the amount of interest and enquires this generated. Very easy to advertise your business with great results!

Jo White (April 2016)
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Asking price: £20,000 Price Reduced Annual Turnover: £11,600 Annual Net Profit: £5,070
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Business Description
LOCATION
Em-­Pwr Business Brokers Ltd is pleased to place onto the market this very long established home based medical supplies business which is presently operated from home in Colchester, Essex.

BUSINESS DETAILS
This Business was established in 1992 by the present Owner and 3 other partners and their shares were acquired over time;; he now wants to retire.

The business provides insoles for patients with minor foot ailments. There are 3 configurations for each part of the foot and there are 3 different products and they are all the same size range for adults only. The big advantage is that this product is off the shelf as opposed to a bespoke product. The price ranges from £27 for 2 pairs or £15.00 for individual units.

The owner operates the business 12 hours a week, with no staff and he simply processes orders as they come in. He has not pro actively sought new business and over the years, because he has not visited clients, they have found alternative suppliers. The hospitals that remain use him to replenish their stock.

The marketing strategy is in need of review, although there are some postal orders through the website. For many years now the business has been allowed to slowly decline as there has been no pro active effort to make new clients. The product itself is excellent and this business has huge potential in the hands of a good marketing/ sales Owner. It could also suit a company in the medical supplies industry.

The client base is very strong including NHS hospitals countrywide. It is also used by chiropractors and other professionals and there is a mailing list of approximately 3,000. The NHS could become a big client.

There are numerous competitors but this product is the best on the market. It is not a price sensitive product so there is potential to increase prices. The Owner has the products manufactured and he owns the tooling and templates.

FINANCIAL DETAILS
The 2014 accounts showed a turnover of £11,598 with a gross profit of £5,070 and there have been similar figures achieved for the last couple of years. The assets are valued at around £10,000.

PROPERTY DETAILS
The business is operated from home.

TENURE
The business is operated from home and is re-­locatable to anywhere in the world.

Ref: 13280

Price: £20,000 plus assets

Disclaimer
These details do not constitute part of an offer or contract. The statements and descriptions given are made without warranties by EM-­PWR Business Brokers LTD. The information contained herein has not been verified by EM-­PWR BUSINESS BROKERS LTD;; complaints regarding the accuracy of the information contained herein will not be acknowledged. Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations, figures and information given on behalf of
the seller. Furthermore, any representations made by any representative of EM-­PWR BUSINESS BROKERS LTD regarding this business are subject to verification and should be independently corroborated.
Tenure Information:

The business is operated from home and is re-­locatable to anywhere in the world.

Is this business relocatable: Yes

Listed by: Em Pwr UK
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13280
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