Business Summary

Owners Reason for Selling: The owner has fought and won his battle with Cancer and is now in remission. As a result of his health he no longer has the endurance and or enthusiasm to rebuild his business and would like to pass along this outstanding opportunity. He is seeking an individual that can rebuild the business to its potential. With over $50,000 in assets and inventory in addition to a great location, the purchase price is only $43,500. The franchisor is offering financing of $38,500 over five years at 6.0%.

Terms: Buyer down payment of $5,000, plus Franchise Fee of $20,000, in addition buyer must have liquid assets of three months worth of operational expenses. If the Buyer is a Licensed Fitter Dispenser or Audiologist, the Franchisor may lend the new owner operating capital required to run the business. Franchisor will finance $38,500 of the purchase price at 6.0% for 5 years.

Business Activity: This franchise is a 65 year old health service company that operates a retail network of more than 1,200 hearing aid locations across the United States. This Franchise was first opened in 1996 and has been profitable since its opening. The franchise has the most recognized brand name in the industry and a franchisor that is ranked number 1 in the Health Services Industry.

Business Highlights: The average three year gross margin is 58.57% with over 60% of the current business coming from past customers.

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