State:
Not Disclosed
Category:
Hearing & Audiology
Asking Price:
$15,000,000
Revenue:
$6,000,000
Company Overview
PRIME exits and American HealthCare Capital are pleased to exclusively introduce a hearing aid center platform for sale based in the Midwest. The Company was started over 30 years ago by a husband and wife team. It has grown to become one of the top providers of hearing aid diagnosis and treatment in the state, working with a highly reputable hearing aid manufacturer.
Financial Overview
Around 70% of the business is private pay, with 30% being insurance. Over the years, the Company has seen steady expansion and remarkable financial gain. Last year, it brought in $5.8 million in total sales while producing an EBITDA of $1.8 million after adjustments. Looking ahead, the Company forecasts hitting $6.35 million in gross revenue for 2024. It also predicts an adjusted EBITDA of $2,075,000 this year. The EBITDA projection factors in a $600,000. adjustment to make up for the absent owners.
Asking Price
The current owners are open to all types of deal structures including a majority equity sale, roll-over equity and/or 100% acquisition. The asking price is $15 million excluding inventory, cash, and any accounts receivables.
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