SALE PENDING: Hearing Aid Service Business

SALE PENDING: Hearing Aid Service Business

  • List Price: $150,000
  • Sales: $366,193
  • Adjusted Income: NA
  • Down Payment: NA
  • FFE Values: $15,000
  • Inventory: NA
  • R.E. Value: NA
  • Location: Utah
  • Category: Health / Medical
  • Category: Retail

Established in 1991 as a family-owned hearing aid service business, the company offers hearing aid fitting, testing, cleaning and repair. Clients can make emergency, same-day or house-call appointments; schedule free hearing consultations; and order a variety of products, including custom earbuds, custom hearing protection, CaptionCall phones, batteries and accessories.

The current owner joined the company in 1996 as a technician and is willing to stay with the business for up to 10 years after it is sold. The other employee, a full-time office staff member, will stay with the business as well. The company has been at its current location for 18 years. They offer six different styles of hearing aids from eight manufacturers, with the top product manufacturer accounting for 70 percent of sales. About 30 percent of sales come through insurance.

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