The business is a real-time asset tracking software-as-a-service company targeting medical device manufacturers and distributors, founded in 2016 by an individual from Michigan. It addresses the challenge faced by hospitals and surgery centers that often borrow or lease surgical tools from third-party vendors, who in turn provide coaching on their use. The company's initial product, a multi-platform app, helps manage the logistics of these tools between warehouses and hospitals. Users scan assets via a mobile app as they move locations, while managers use an admin panel for oversight and reporting. A subsequent acquisition brought in a second product line that tracks medical equipment within hospitals, providing additional hardware options for increased revenue. The business has been profitable and generates revenue through software contracts, kiosks, and minimal sales from peripheral items, maintaining an 80% profit margin.
The current owner is choosing to sell due to time constraints, with other business interests and family commitments. The business suits those with industry knowledge or digital marketing expertise, as its development is mature and well-established with ample growth potential through enhanced marketing. Key assets for sale include the entire entity, domains, client contracts, and supplier relationships, with the current owner offering support post-sale. Operational costs for contractors are limited to necessary improvements, as projects are finite and the product is otherwise self-sustaining. The company has grown through industry connections and organic traffic, presenting opportunities for a new owner to expand via a digital presence.
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1. Agreements & Contracts.
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