Pharmaceutical Equipment Supply And Service Company For Sale

Business description

The business has been trading for seventeen years during which time it has built up an enviable reputation for client care plus quality products and workmanship. The business supplies and services steam pressure sterilizers that are extensively used by Doctors surgeries, Dental practices, Veterinary Surgeons and Tattoo Parlours. In addition to which it also provides Washer Disinfectors as specified by the Primary Care Trusts, who have stipulated that every practice must have additional washer disinfectors to be located next to the steam sterilizers. There are a significant number of ongoing service contracts.

Each sterilizing machine carries a renewable annual service contract. These are of paramount importance to the practitioner, as their business cannot legally operate without fully functioning sterilization equipment. The company is an official distributor for Medisafe.

Equipment:

The business carries a range of hand held equipment win order to carry out repairs and general maintenance. This includes lap top computers for diagnostic issues, thermo coupling testers, digital thermometers and aluminium calibration blocks. They also use a chart recorder for effective reporting.

Customer Service

The business looks after two hundred and fifty clients in the Midlands and Warwickshire. Most of these clients have two machines. They rely totally on speed of response to keep their businesses operating.

The company also supplies parts to other engineers operating in the same field.

Key Strengths:

• Positive cash flow. All maintenance contracts are paid annually in advance.
• Minimal overheads
• Growth market in health care

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

The business is seeing unprecedented growth and the projected gross profits for 2009 are circa £93,500. Net profits will be circa £53,000. Management accounts will be available to support the forecasts.

Property information

Location:

The business is relocatable and could easily be run from a private residence.

Business Operation

Expansion potential:

As the demands for Health and Safety increase year on year there will be an ever-increasing market for these products and services. In particular there is a continuing growth in Dental Practices all of which are established with the latest technology and equipment.

Additional ranges of equipment could be supplied in order to broaden the field of services and products. Many of these would also require services schedules.

Reasons for selling:

The owner has decided to retire and move abroad.

Employees:

The business is run by the owner who plays an active role, one service engineer and one administrator.

Other information

Support & training:

There will be a full and seamless handover for a period to be agreed as part of the overall negotiations.