Business For Sale in 0 California

Profitable Hearing Aid Chain

Advert Id: 48361, Sellers Ref: (SC-SLO)
  • Location:California
  • Category:Not Disclosed
  • Asking Price:$250,000
  • 250000
  • Sales revenue :$651,298
  • Net profit :$97,434
  • Furniture/Fixtures value :$28,000
  • Inventory/Stock value : $6,000

Business description

BUSINESS ACTIVITY: This is a 65 year old health service company that operates a retail franchise network of more than 1,200 locations across the United States. The current owner started his career in the hearing aid business as a fitter dispenser working for the former franchise owner in 2003. In June of 2010 he bought the four store franchise. As a franchisee, you will enjoy the number one most recognized brand name product in the hearing aid market and a Franchisor that is ranked number 1 in the Health Services Industry.

HISTORY: The current owner was working as a graphic designer in 2003 and was considering changing job careers when a friend of his offered to share with him how a hearing office worked and job duties of a fitter dispenser. He job shadowed his friend for a day. During the day, he saw how his friend fitted hearing aids, the sales process, preformed service work and interacted with customers.

He thought that this was the greatest thing ever and said “You are working right up front with people and helping them in real tangible ways.” His friend offered to sponsor him to become a licensed fitter dispenser. He quit his job and joined the company in 2003 as a fitter dispenser. One year later he was given his own office.

In June of 2010 he bought the four store franchise. Unfortunately in the past year he has developed type II diabetes. His doctor has advised him that due to his health he needs to find ways to slow down and reduce the stress in his life. He truly enjoys being a franchise owner and a fitter dispenser. He has decided to sell the business but would like to stay on as a fitter dispenser for up to one year and as such has created a turnkey opportunity for the next owner.

The industry is about to mushroom open with the baby boomers moving into their 60‘s and needing help with their hearing. It is a great opportunity to own a thriving National Franchise backed by a company with over 60 years of experience with a recognizable household brand name in the hearing health field.

  • Selling Assets: This is a turnkey opportunity. All of the assets are included in the sale.
  • Franchise: The franchise has a on time fee of $20,000/
  • Real Estate: 3 of the 4 offices are on a month to month lease. The main office is on a 5 year lease.
  • Competition: This industry is considered a growth market with the "Baby Boomers" hitting retirement.
  • Expansion: The owner has identified several growth opportunities that a new owner could take advantage of.
  • Years Established: 1998
  • Employees: 4
  • Trading Hours: 9:00 am to 5:00 pm Monday - Friday
  • Support Training: Franchise offers training in addition the owner will train a new owner for 60 days as part of the transaction.
  • Reason For Selling: The owner has developed type II diabetes and his doctors have advised him to slow down.
The Cbb Group, Inc

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