Hospitals, Doctor’s Offices, Dental Offices, Pathology Labs, Health Clinics, Assisted Living Facilities, all share something in common. Their Biomedical equipment must be certified and calibrated yearly. As a result, this company has built up a long list of clients that utilize their services year after year like clockwork.
This is a service-based business operating with low overhead, high margins, and steady production tied to a recurring service model. They offer such services as equipment repair, calibration, electrical safety inspection, and preventative maintenance checks on a specialized list of biomedical equipment.
Repair requests about 30% of the business are most commonly generated from these existing clients. Past service reports are on file, documenting equipment information and repair history, with precise details for quick references.
New clients have been mainly obtained either through word of mouth, or by facilities searching for a qualified, trustworthy company to service their required needs. Upon searching these facilities are finding that there are few such companies out there, especially at a local level. They have many times expressed relief in finding this company for their needs.
Established in 1989, this Central California based business provides expert repair, preventative maintenance services, calibrations and certifications, throughout Northern California and the Bay Area. The extreme success of the company can be attributed to its’ trusted name, excellent service, and clients who have remained loyal to this company for decades.
To maintain the long-earned success of this company, a buyer must have technical experience as a Biomed, or the buyer needs to have a Lead Biomed that can assume that role with industry knowledge, and the capability of doing biomedical equipment repairs, as well as being able to train other employees.
The current owner has elected to keep the company at its present size with just 3 employees, while allowing him to comfortably accommodate his choice of lifestyle, but the market is ripe for expansion. This is truly a niche business, offering a rare opportunity for a buyer with Biomedical servicing experience.
For to the integrity of the company, his allegiance to his clients, and anticipated continued success for the buyer, the seller will not entertain offers from buyers who cannot demonstrate biomedical technical capacity.