Hearing Aid Sales, Testing, and Solutions Business
Business Description
This well-established business started in 2011, is a provider of hearing healthcare solutions in the Mid-South region. The company offers a wide range of services, including hearing evaluations, auditory processing disorder assessments, earwax removal, tinnitus management, and customized hearing aid fittings. It also features mobile hearing services, which provide care to patients in nursing homes or those bedridden, ensuring accessibility and convenience.
The business has demonstrated consistent financial performance with strong revenue and profitability. It maintains strong profit margins between 50-60%, underscoring its operational efficiency and profitability. The company is operated by a team of two full-time employees, both of whom are licensed hearing instrument specialists with years of experience, and one part-time employee.
With a strong reputation and existing customer base, this business offers significant growth potential through expanded marketing efforts and continued leverage of its comprehensive product and service offerings to reach new customers and providers.
The business has demonstrated consistent financial performance with strong revenue and profitability. It maintains strong profit margins between 50-60%, underscoring its operational efficiency and profitability. The company is operated by a team of two full-time employees, both of whom are licensed hearing instrument specialists with years of experience, and one part-time employee.
With a strong reputation and existing customer base, this business offers significant growth potential through expanded marketing efforts and continued leverage of its comprehensive product and service offerings to reach new customers and providers.
About the Business
- Years in Operation
- 14
- Number of Employees
- 3
- Facilities & Assets
- The office space is leased and would allow for a smooth transition to new ownership to take over the existing lease agreement.
- Market Outlook / Competition
- The market remains steady and technology is not causing a change in their demand for hearing products for seniors.
The main competition includes major wholesale stores and other small shops that may be chosen over their services out of convenience or familiarity. - Opportunities for Growth
- Overall demographic of baby boomers continues to rise and increase demand for their services in the area.
Increasing partnerships with local insurance companies & healthcare providers or possibly adding an additional location would increase annual sales and capture more demand in the Midsouth.
Real Estate
- Owned or Leased
- Leased
About the Sale
- Seller Motivation
- Retirement
- Transition Support
- The owners will help with the transition but will not seek to be involved long-term. The part-time employee can become full-time to assist with managing the day-to-day activities.
Listing Info
- ID
- 2396628
- Listing Views
- 127
Listing ID: 2396628 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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