For Sale is a long-established, family-owned retailer of medical uniforms with a strong reputation for excellent customer service and a loyal customer base. Founded in 1992, it has enjoyed a robust local reputation for over three decades. Situated in a prime location close to hospitals, medical schools, and doctors' offices, this business has been a preferred choice for medical practitioners and students alike.
The asking price for the business is $80,000, which includes an estimated inventory worth $45,000. The business occupies approximately 1,000 sq ft and has a monthly rent of $4,363. The lease agreement is valid for 10 years, starting from October 2018 and ending in September 2028.
Open from Monday to Saturday, 10:00 am to 6:00 pm. Closed on Sundays and public holidays.
Established and Reputable Business
The business has been operating since 1992. Its long history of serving the local community is a testament to its resilience and reputation.
Prime, Strategic Location
Close to local hospitals, nursing/medical schools, and smaller doctor's offices. Additionally, it is located along a busy strip mall, exposing it to a steady flow of potential customers.
As the only retailer of medical uniforms in the local area, it has become the go-to destination for medical practitioners and students in need of high-quality uniforms and accessories.
Strong, Supplier Relationships
The current owner has maintained strong relationships with the business's key suppliers. As a result, the business enjoys flexible payment terms and a reliable supply chain of inventory, which ensures positive cash flow.
Minimal Marketing Required
Since its establishment, there has never been a significant need for the business to invest in marketing or advertising, as word-of-mouth recommendations keep it busy. Additionally, the business experiences a high rate of repeat purchases, demonstrating its dependability and popularity.
Stable Revenue Streams
The majority of products require payment in advance. However, customers can also avail flexible payment options.
Consistent Client Base
There are a high number of repeat purchases, largely driven by recommendations through word-of-mouth.
This business has limited competition, being the only medical uniforms retailer in its local area.
This business presents tremendous growth and expansion potential through the expansion of its product range, investment into an online retailing platform, and more. Additionally, the business could benefit from enhanced marketing initiatives such as paid online advertising.
Potential for online retailing, product range expansion, and enhanced marketing efforts. This medical uniforms retailer presents an excellent opportunity for potential buyers seeking to tap into a stable market with significant growth potential. The business's prime location, together with its established reputation, offers a turnkey solution for those looking to venture into or expand in the medical uniforms and accessories retailing sector.
The current owner, who has managed the business full-time, is willing to provide comprehensive training post-acquisition, ensuring a seamless transition for the buyer.
The owner is retiring.