Medical Equipment Repair / Maintenance Co. w/$3.5MM Inv. 1148

The Medical Equipment Repair and Maintenance Company was founded by the current owner in the state of Georgia in###-###-#### The team members within the company have been providing medical equipment repair and maintenance services to the medical community since 1989 and have developed a stellar reputation through the United States, Puerto Rico, and Mexico. The company operates 24/7/365 through a network of highly skilled independent contractors who are managed, trained, and professionally developed by an internal team of top executives. The company has built a steady stream of contract-based work with a growing list of clients and is responsive to its clients’ needs with service and expertise that can be trusted. The company is on pace to surpass $3.3M in revenue in 2023 with EBITDA cresting $915,000. In addition, the company has over $1.4M in annual recurring contract revenue (some with a four-year contract) and over $3.5M in inventory to meet its customer needs for several years. All the pieces are in place to surpass $3.8M in TTM revenue and $1.0M in TTM EBITDA at some point in 2024. NDA is required to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners. Detailed Information Facilities: One 5,000 square foot storage location for $4,000 per month. Most employees work remotely. Competition: While the industry is niche, there is strong competition. The company has successfully navigated the competition through high quality service, creative solutions, and responsiveness. Growth & Expansion: The company has contracted service engineers throughout the country. The company could readily expand by adding contracted service engineers to new locations. Financing: TBD if structure and terms are acceptable. Support & Training: As needed – specific terms for transition support can be negotiated. The Seller wishes to facilitate a successful and smooth transfer of the Business. Reason for Selling: The current owner is ready to retire after a successful transition to a new owner.