Premier 30-Year DME Company With Multiple NYC Location
Relocatable, NY Kings County
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- RE: Premier 30-Year DME Company With Multiple NYC Location
- Contact: Anton Joro
Quick Facts
| Asking Price: | $4,450,000 | |
| Annual Revenue: | $3,246,998 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $1,018,353 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $15,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1995 | |
| Employees: | 13 | |
| BBN Listing #: | 981654 | |
| Broker Reference #: | 1049-18666 |
Business Overview:
This DME company is a thriving company specializing in diabetic and orthopedic footwear tailored to meet the needs of individuals seeking comfort, mobility, and health support. The company’s focus is on providing high-quality, Medicare-, Medicaid-, and HMO-approved footwear designed for patients managing conditions such as diabetes and other orthopedic challenges. This company started their activities and is still a go-to place for durable medical equipment and services, including but not limited to respiratory equipment and supplies, nebulizers, compression stockings, bathroom safety items, custom-made orthotics, walkers & collators, orthopedic bracings, breast prosthesis, incontinence supplies, urological supplies, etc, etc.
Key Features:
Through its innovative solutions and customer-focused approach, this 30-year old company has built a reputation for improving patient outcomes and enhancing the quality of life for those with specialized footwear needs and any durable medical equipment. Their ability to blend medical necessity with customer satisfaction has positioned them as a trusted provider in the region.
- Product Offering: Custom-fit diabetic shoes, insoles, and orthopedic footwear designed to prevent complications like ulcers and calluses while ensuring optimal comfort and style.
- Insurance Coverage: Expertise in navigating Medicare, Medicaid, and HMO requirements to ensure customers receive coverage for prescribed footwear.
- Customer Care: A dedicated team that provides consultations, fittings, and follow-up services, ensuring the footwear meets individual medical and comfort needs.
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Property Features and Assets:
Brooklyn Location One:
2. Community-Oriented Facility (Flushing)
3. Brooklyn Location Two:
Shared Characteristics Across Locations
This multi-location setup ensures the company remains accessible and reliable while catering to the diverse needs of NYC’s communities.
Assets = $1,465,000
- Size & Layout: A spacious flagship location with a showroom showcasing a wide range of products, including diabetic and orthopedic footwear, mobility aids, and home medical equipment.
- Features:
- Custom fitting area for footwear and durable medical equipment.
- Private consultation rooms for customer assessments and fittings.
- Storage and distribution center for quick product availability.
- Ambiance: Modern and inviting, reflecting professionalism and trustworthiness.
- Focus: Serves as a neighborhood hub for personalized service and quick access to medical supplies.
- Features:
- Smaller, streamlined showroom featuring popular and frequently prescribed items.
- Dedicated space for educational workshops on diabetic care and mobility solutions and durable medical equipment.
- Multilingual staff to cater to Brooklyn’s diverse community.
- Accessibility: Located near public transit with ramps for customers with mobility challenges.
- Focus: Emphasizes custom orders, niche products, and collaboration with local healthcare providers.
- Customer Experience: Combines convenience with advanced solutions tailored to the borough’s needs.
- Customer Service: Staff trained in both technical product knowledge and insurance compliance to ensure a smooth customer experience.
- Branding: Unified branding across all locations to create a recognizable, professional image in the NYC healthcare market.
Market Competition and Expansion:
Competitive Differentiators for this Successful DME Company
To stand out in this competitive landscape, this successful DME company leverages the following:
By excelling in customer service, insurance navigation, and healthcare integration, this DME company effectively outpaces its competitors in NYC’s crowded market.
The potential for growth of this successful DME company specializing in diabetic and orthopedic footwear, alongside a broader range of medical supplies, is substantial. Here’s a detailed analysis of the avenues for expansion:
- Insurance Expertise: Efficiently managing Medicare, Medicaid, and HMO approvals to reduce patient hassle, a critical advantage in a city with diverse healthcare coverage.
- Personalized Service: Offering custom fittings, consultations, and follow-ups that competitors like online retailers and pharmacies cannot match.
1. Market Demand Trends
2. Expansion of Services
3. Geographic Expansion
4. Diversification of Product Offerings
5. Strengthening Insurance Partnerships
6. Community and Healthcare Partnerships
7. Leveraging Technology and Data
8. Branding and Marketing
Growth Potential Metrics
By capitalizing on these opportunities, the company can continue scaling operations while maintaining its reputation for high-quality, patient-centric services.
- Aging Population: The increasing number of elderly individuals in NYC and nationwide creates a growing demand for medical supplies, mobility aids, and custom footwear.
- Rise in Chronic Conditions: The prevalence of diabetes, obesity, and related orthopedic conditions continues to climb, driving demand for specialized footwear and supportive devices.
- Home Healthcare Growth: With a shift towards home-based care, the demand for durable medical equipment and supplies is rising.
- Custom Orthotics Production: Investing in in-house labs for quicker turnaround times and custom solutions.
- Home Delivery and Setup: Offering delivery and in-home setup for medical supplies like hospital beds, wheelchairs, and mobility aids.
- New Boroughs and Suburbs: Opening additional locations in underserved NYC neighborhoods and expanding to nearby suburban areas.
- National Reach: Establishing an e-commerce platform to ship supplies and custom footwear nationwide while navigating insurance across states.
- Advanced Technologies: Introducing cutting-edge products like smart insoles, pressure-sensing footwear, and wearable health monitors.
- Comprehensive Medical Supplies: Adding complementary items such as compression garments, wound care products, and respiratory equipment.
- Expanding HMO Networks: Establishing relationships with more insurance providers to increase the customer base.
- Streamlined Claims Processing: Investing in AI-driven systems for faster and more accurate insurance claims to improve customer satisfaction.
- Collaborations with Clinics: Deepening ties with podiatrists, orthopedists, and endocrinologists to drive referrals.
- Public Health Initiatives: Participating in diabetes awareness campaigns and mobility clinics to boost brand visibility and community impact.
- CRM Systems: Implementing robust customer relationship management tools to track customer needs and predict future demands.
- AI-Powered Personalization: Using data analytics to provide tailored product recommendations and anticipate trends.
- Targeted Campaigns: Focusing on digital marketing, social media, and search engine optimization to capture younger caregivers and tech-savvy customers.
- Revenue Expansion: By entering new markets and diversifying offerings, the company could achieve year-over-year growth of 10%-20%.
- Market Share: Strengthening partnerships with providers and insurers positions the company to dominate NYC’s DME market.
- Customer Base: Tapping into underrepresented communities and younger demographics with innovative products and services.
Reason for Selling:
After thirty successful years the owner is retiring.Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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