Project Description
Four year old well established company offering B2C and B2B online healthcare equipment and supplies via 5 main online storefronts. Offers over 60,000 different products including medical and orthopedic devices such as braces, supports, and splints. Main competitive advantage and success is attributed to the business automation processes in place which eliminate manual redundancies, virtual warehousing and distribution channels, thus creating an efficient business structure. Average order size is $60 with 70% orders drop shipped and 30% orders shipped from inventory in the company’s fulfillment centers. 95% orders over the Internet with 20% repeat business via the main storefront. Good standing relationship with 15 suppliers. 13,000 current website customers in database and 20,000 including Amazon sales. The owner puts in 5 to 10 hours per week supervising and managing the operation. The company has 2 part time contract employees that both work less than 20 hours per week. This is a home based business that can be operated from a laptop while traveling. The online medical supply industry is enormous and generates nearly $20 billion in revenue yearly in the U.S. alone. This business model has exceptional potential for growth with this industry considering the state of the economy, cuts in healthcare, and consumers turning to the Internet for savings with their medical supply needs. Owner will offer strong transitional support driven by the specific needs of the new owner. Owner is selling to pursue other business interests.
