Supplier of Surgical Equipment to The Australian Market

• ID2211
• Revenue$15 million budget
• Net ProfitSignificant
• IndustryHealth, Import/Wholesale/Distribution

Summary:

This business supplies the Australian medical industry with an extensive range of quality products.

The company has successfully obtained a range of unique products. In addition to continuous research and development, the company prides itself on an extremely short product-to-market cycle.

Budgeting for sales of $15 million this calendar year the future is extremely bright.

Potential:

The business is showing good growth and there is room to improve margins and that is being achieved.

Skills:

General Management skills plus an understanding of the surgical equipment market.

Hours:

Monday to Friday 8.30am until 4 pm

Lease:

Lease in Place until 2027 at $14,000 per month plus outgoings of $5665 per annum with Annual CPI increases. Operates from a centrally positioned modern premise of 639 square metres plus a mezzanine 300 square metres.

Employees:

15 employees including the owners

Reason For Sale:

Family reasons

More About The Business:

The global market for surgical equipment should grow from $5.0 billion in 2020 to $8.2 billion by 2025, a compound annual growth rate (CAGR) of 10.3% for the period of 2020-2025.

The Medical and Surgical Equipment Manufacturing industry has expanded over the past five years. Strong demand for high-tech products has supported industry revenue growth, with increased funding for Australia’s healthcare sector creating a growing domestic supply base.  Industry revenue is expected to grow at an annualised 2.6% over the five years through 2021-22, to $5.1 billion. This trend includes an anticipated revenue growth of 2.0% in the current year, fuelled by rising demand from private and public general hospitals.

History:

Established 15 years