This 75 year old health service company services individuals along with hearing impairments. The licensee network consists of more than 1,500 locations in North America. The current Owners purchased their business in 2003. As a Licensee, you will enjoy one of the most recognized brand names in the hearing aid market.
The hearing aid industry is about to mushroom along with the baby boomers getting into their 60’s and needing help along with their hearing. The Company is considered a small to midsized opportunity given the population and demographics in its operating area.
The Owners operate the business; they became licensed fitter dispensers under the supervision of the original owner. They purchased the building they currently occupy in 2007. Their clients often comment on how nice the office is and the great location. They are very proud of what they have actually accomplished over the years.
The Company has actually a proven formula of success. This proven formula combined along with the Company’s advanced product line, technology, high level of customer service and the number one brand name in the hearing aid industry helps to drive retail traffic to its retail locations.
The space is 1,380 square feet, along with a waiting area, front office / reception area, test room (along with one sound booth), one administration office for the Office Manager, a separate file and storage room, kitchen, spare storage space and a handicap accessible bathroom. The location has actually been fully remodeled and is in pristine condition.
TERMS: The business can be purchased along with or without the real estate.
The business only is offered at: $270.000.00.
The business and building are offered at: $645,000.
This can be an SBA transaction along with Buyer’s cash infusion of $96,750 (15% down payment) and Commercial Lending of $548,250. The term of the loan would certainly be
19 years at an interest rate of 5.75% along with payments of $3,958 per month.