Revolutionary Surgical Tool Sales Surge - Middle TN
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Asking Price
$6,900,000
Detailed Information
Business Description
Founded in 1999 by a surgeon-inventor, this Middle TN company has been successfully marketing and selling a revolutionary surgical tool to hospitals and surgery centers. The company primarily generates revenue through sales of the main product series, which is manufactured in Germany, and its disposable component, produced in the United States. The disposable component alone accounts for 75% of total revenues, with the main product contributing to the remaining 20%. With a strong foundation in direct marketing and trade shows, the company has achieved a steady sales volume, capturing 15% of the market share for the approximately 275,000 surgeries of this type performed annually in the United States. This success highlights a significant growth opportunity for the company to further increase its market share and reach more customers. Additionally, the company has recently introduced a new product, independently developed by the doctor-owner, which has the potential to contribute to further sales growth and diversification. Looking ahead, the company is poised for expansion and increased success in the industry