
After enduring a 14-month journey, engaging with numerous potential buyers, entertaining multiple Letters of Intent (LOIs), and facing the disappointment of one deal falling through due to insufficient funding – not to mention navigating through 1,874 emails involving attorneys, bankers, buyers, and sellers – this medical devices company just sold by Wright Business Advisors, a lower M&A firm headquartered in Denver Colorado. Wright Business Advisors stated that they were grateful for the perseverance and patience we learned along the way. Cheers to the challenging yet rewarding realm of business brokerage!
This very niche, small manufacturing business in the bio-medical field is exploding with our aging population.
It began as a problem-solving company and remains so today. Because the nature of the business is to solve problems for its customers, they are continually updating, upgrading, and adapting to their needs.
While many companies proclaim that they are built to last, this company has been built to evolve and remains at the forefront of solving customer problems.
* 17 years in business
* Niche business
* Strong recurring revenue stream with a large, repeat customer base
* Minimal competition
* Unlimited growth opportunities for our aging population
* Non-seasonal business
* A solid customer base of professional customers – primarily medical companies and hospitals (no bad debt issues)
Due to the aging population, the medical industry will show substantial growth in the next several years. There will be more opportunities to grow the business’s line of products. A company with a good engineering staff can develop new products for the medical device industry, and a company with a sales force involved with the medical device or hospital industry will have a good opportunity to increase sales with its current line of products.
Reason for Selling: Retirement