Precision Engineering of Surgical Equipment

• ID2223
• RevenueFY 2024 - $1,125,450
• Net ProfitFY 2024 - $115,673
• IndustrySurgical

Summary:

Modifying and improving surgical equipment for implant surgeons and their patients – Noble cause which is unique and the owner of over 35 years is retiring. Such interesting work and on top of this they have developed a hip implant that is going to significantly increase the profits going forward.

Potential:

This latest implant breakthrough will add significantly to the growth of the business going forward. The owner had patients and will continue to invest in that and has agreed to an exclusive manufacturing arrangement making the future look very bright.

Skills:

Lots of long-term skilled staff involved

Hours:

Monday to Friday 7 am until 5 pm

Lease:

2 years with two 3-year options

Employees:

4 Engineers, 1 quality control person, and a part-time bookkeeper

Reason For Sale:

Retirement

More About The Business:

This business is a medical and hospital equipment company on the Northern Beaches of Sydney.

For over 25 years it has been providing high-quality service to hospitals, surgeons, and multi-nationals in the maintenance, repair, design, and manufacture of surgical instruments, implants, and tools. This commitment to quality has resulted in the undertaking of ISO 13485 accreditation, which complements their many years of experience.

Dealing with an accredited company is now particularly important as various state and federal health authorities move towards compulsory adherence to quality control standards such as ISO 13485 for the design, manufacture, and repair of surgical tools and other medical devices.

History:

Over 25 years