Franchised Mobility Access Equipment Retailer / Rentals
Finish access provider including sales, rentals and construction of ramps, stair lifts, pool lifts, vertical platform lifts, wheelchair vehicle lifts and grab bars for bathrooms and automatic door openers across most of the Carolina’s.
Franchisees are authorized to sell, rent and install a patented ramp system.
100% private pay. No Medicare or Medicaid. The franchisor has actually a national contract along with the Veteran’s Administration. The VA pays upon project completion via credit card. A large third party administrator provides a moderate percentage of rental referrals.
The company has actually a substantial level of annual recurring revenue derived from the rental division which is comprised almost entirely from ramp rental. The majority of rental product costs are recouped after 6 months in the rental program and have actually an standard useful life of ~20 years.
Strong year over year growth 2013-1014 = 22%; 2014 – Trailing 12 months = 41%; 2014 – 2015 forecast = 46%. Asking price includes $96,565 of inventory at cost. Owner benefit is for the trailing 12 months ending 8-31-2015. Franchisor requires a $10,000 franchise transfer fee to be paid by Buyer.
The franchise was formed almost 20 years ago and now services all 48 contiguous states along with a full range of access products.