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Established Independent Hearing Aid Practice – 34 Years of Operation

United States
Retail
Company Data
Price
$50.0K
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Revenue
$100.0K
Top 10%
Profit
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0.5X
Business Overview
About the Company
Located in Longview, Washington, this long\-standing hearing aid office has been serving the community for over three decades\. The business has operated from the same location since 1991 and was fully remodeled in 2017 with a custom build\-out specifically designed for hearing aid services\. The facility includes a soundproof testing booth, a fitting room, a private office, one patient restroom, two private restrooms, a front reception area, a file storage and shipping space, and a break area with a refrigerator and microwave\. This is an independent practice, not a franchise\. Despite operating in one of the more competitive hearing aid markets in Washington, the business generated $100,000 in gross revenue last year with almost no advertising, relying only on a single Google ad\. This presents a strong opportunity for a motivated buyer to take over a turnkey operation with established patients and grow the business through targeted marketing and promotion\. The space is approximately 750 square feet and leased at $2,000 per month\. The rent includes the use of the facility, all necessary equipment, and access to the patient database\. There is currently one employee, and the seller is not retiring but moving to a neighboring office\. They are willing to remain involved to sponsor the new buyer’s licensure and provide hands\-on training in all aspects of the business\. In Washington, a license is required to fit hearing aids\. This process takes approximately nine months and costs around $5,000 if the buyer has an associate degree, or two years of remote learning without a degree\. The seller is motivated to find the right person to take over and is offering flexible terms with no down payment required\.
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