Male Incontinence Device

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Background

BizEx ID:BizEx1310-TP
General Location:Camarillo, CA
Category: Health, Medical & Dental
Medical Products & Supplies
Years in Business:20
Under Present Owner:20
Hours of Operation:M-F
Owner Hours:10-5
Training:4 weeks @ 10 hours
Organization Type:C-Corp
Lease Expiration:NA
Lease Options:NA
Building Size:NA
Employees:0
Reason for Sale:Focus on Other Interests

Financials

Asking Price:$1,000,000
Down Payment:$1,000,000
Gross Sales:$300,000
Discretionary Cash Flow:Call
FF&E:$400,000
Inventory Included?Yes
Inventory:$375,000
Min. Operating Capital:
Real Estate Available?No
Rent:NA

2019 2018
Gross Sales $ 300,000 $ 300,000
Gross Profit $ $
Disc. Earnings $ $

Description

ASSET SALE - MALE INCONTINENCE DEVICE

The patent owner/inventor of a well know Male Incontinence Device has actively been selling this product for over 12  years.  Now looking forward to a modified retirement, he has decided to offer the following as an Asset Sale as follows:

Production Molds: $400,000  Inventory: $375,000 subject to final count at COE, Goodwill, IP & Licenses: $275,000

  • Website - www.urinedevice.com
  • FDA Registered
  • International CE Mark
  • FDA Class 1 Exempt Product
  • SEO Optimized
  • U.S. Patents Issued
  • HME/DME License
  • Accredited ACHC
  • All criteria met for Medicare, Medi-Cal, and Private Insurance applications.
  • Medicare-approved billing code A4326
  • Medicare Listed Manufacturer

One well known wholesale customer purchases $5,000 - $8,000 monthly.

Seller looking for an all-cash Buyer who in addition to purchasing the Assets will also pay the Seller a 6% royalty.  For detailed information about the Asset Sale, Buyer to provide Proof of Funds and/or Financial Statements illustrating wherewithal to complete the acquisition.

For more information, please visit Bizex.net to complete the Buyer Registration & N.D.A. Contact: Tom Plotkin at 310.882.2200 x 127 - tplotkin@bizex.net - Lic#: 01895229

 

 

 


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Disclaimer: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.




Tom Plotkin
Business Broker / M&A Advisor
4551 Glencoe Ave., Suite 210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 127
Direct: (818) 585-4215
Lic#: 01895229

Logos Member of the California Association of Business Brokers Member of the International Business Brokers Association Member of the M&A Source Holder of the Merger & Acquisition Master Intermediary designation, M&A Source's highest qualification Holder of the Certified Business Intermediary designation, IBBA's highest qualification Holder of the Certified M&A Professional designation from Coles College Trained by the National Association of Certified Valuators and Analysts to conduct business valuations