Price: $249,900
Location: Foley, AL
Industry: Medical Devices and Products
Listing ID: 1-175
Listing Status: New
A necessary service, limited competition, and decent profit margins?
Hearing aid specialists fit all three! People start potentially needing hearing aids at around age fifty, meaning that the larger population of elderly in Orange Beach and Gulf Shores is an excellent market for a hearing aid store. Furthermore, it's not exactly something people can go without. When someone's hearing aid needs repairs, they can't just wait for a month to have it repaired.
This is also true for tourists or snow birds. Whenever one of them leaves their charger at home or forgets an extra battery while on vacation, they seek out location options rather than waiting it out and ruining their vacation. This gives the company a boost in revenue as it's well placed for visibility and is a frequent stop for vacationers in need of a forgotten charger or a quick repair.
And, as the area continues to grow, the amount of people needing hearing aids in the area will only rise. The specialization and licensing needed also limits competition, meaning a larger percentage of the market can be pulled with less cost.
Furthermore, hearing aids and related services tend to have good profit margins, leaving room for reinvestment and expansion.
For more information, please fill out the NDA.
Total Sales: $265,136
Cash Flow: $122,817
FFE: $25,000
Inventory: $15,000
