Aged care mobility equipment sales & rentals

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Business Description

This business has been servicing the needs of the aged care industry since 1994, both in sale of mobility products and also equipment that just makes life for the elderly a bit more comfortable. The business also has an extensive range of aged care equipment that is available for rent. The business has a large retail showroom for clients to test the equipment before they purchase or rent. Alternatively, the business has an almost new Mercedes delivery van that will pass with the business and allows the vendors to take equipment to a client, either in their own home or in an aged care facility, so they can shop in the comfort of a familiar environment.

 

This is a 5 day a week business that will continue to grow as the population ages. The current vendors had been working within the business for a significant period of time and have owned it since 2013. It is perfect for a husband and wife and could easily expand into sales of second hand equipment as well as undertaking basic service work. This is a business that could be run under management and is perfect for somebody that wants to have their weekends off.

At a glance:

  • Sale and rental of mobility products and equipment for elderly and disabled
  • Large retail showroom but also services clients in their own homes
  • Mercedes van included in the sale 
  • 5 day per week business
  • Could easily expand into sales of second hand equipment & service work

Simon Winter 0419 828 689

 

 


Extended Price Information

Goodwill $175,000
Plant & Equipment $25,000
Stock at valuation (approx) $50,000
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$250,000

Financial Summary

Year
Sales Return to Owner Return on Owner's Investment Return to Investor Return on Investment
2014/2015 $646,563 $142,030 56.81% $62,030 24.81%
2015/2016 $732,160 $174,323 69.73% $94,323 37.73%
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Lease Summary

Current Rent $2,083.34 per month + GST
Lease Term 2 years
Lease Commencement 1st July 2016
Lease Expiration 1st July 2018
Right of Renewal 1 x 2 years
Outgoings Paid by the tenant
Adjustments By mutual agreement or if not agreed by CPI

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Plant & Equipment

Original Cost of Plant $198,433
Written Down Value of Plant (approx.) $25,000
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