APPS Paramedical of MA – Business Owner Retires while Individual Buyer Starts New Career
Location
Business Broker
Situation
After thirty years of running a paramedical testing business, the owner contacted BayState Business Brokers to sell the business so he could enjoy the next phase of his life—retirement.
BayState Business Brokers’ Approach
Business Broker Molly Hanson developed BayState’s Confidential Business Brief, highlighting the business’ consistent cash flow, low competitive environment, high barriers to entry, exclusive territory covering the Commonwealth of Massachusetts and its significant growth opportunity.
APPS Paramedical of MA provides quality medical testing for life insurance and disability insurance underwriting. The parent company’s planned strategy for growth is to extend its business model to clinical trial participants, having the existing team of phlebotomists complete the medical testing. This strategy offers significant opportunity for APPS of MA given it serves all of Massachusetts and is physically located in a western suburb of Boston with close proximity to leading research institutions, biotech companies and major commuting routes.
Results
This attractive business with additional upside attracted multiple buyers, all with available financing secured. With three strong, competitive offers, BayState Business Broker Molly Hanson brokered the sale for above the initial asking price. Buying the business enabled the individual buyer to launch a new career and walk to work.
What Our Clients Say
David Baime, Seller and Former Regional Owner/Director APPS Paramedical MA
