12-Year-Old Medical Products Brand with Primarily B2B Sales and Medication Lock Boxes and Bags
This 12-year old medical products brand specializes in selling a Trademarked line of medication lock boxes and lock bags, comprising 21 varieties, designed to securely store prescription medications. Targeting B2B sales, the company supplies local, state, county, and federal facilities, senior living/hospice facilities, pharmacies, and medical supply companies like McKesson and Cardinal Health.
OPERATIONS
The company operates a branded website for inventory management and shipment of products from its warehouse, which is currently managed via a dedicated warehouse manager but could be outsourced to a 3PL and Amazon FBA. The company conducts R&D, partnering with leading factories and engineering firms, to improve locks built exclusively by an ISO certified US-based engineering firm.
The company operates its warehouse via a dedicated warehouse manager but could be outsourced to a 3PL and Amazon FBA to enhance supply chain management and logistics
MARKETING AND KEY METRICS
With limited advertising and no sales presence on Amazon, the company’s e-commerce brand is ripe for improving sales channels, driving traffic through new marketing initiatives, expanding the line of products, and creating strategic partnerships (e.g., nearby verticals), offering exceptional growth opportunities. The Company has also built a coalition in the form of partnerships with over 100 Drug Task Forces and Community Coalition groups on a national level.
The current sales channels for the company are B2B sales via a branded website, with no sales presence on Amazon. The company offers significant growth opportunities by expanding sales channels, driving traffic through strategic marketing initiatives, expanding the product line, and creating strategic partnerships with other companies.
The medication lock boxes and lock bags designed by the company have been effectively reducing the problem of prescription drug abuse. The company has distribution agreements with Cardinal Health and McKesson and distributes its products via over 125 authorized dealers worldwide.
The company’s target customers are local, state, county, and federal facilities, Senior Living/Hospice facilities, pharmacies, and medical supply companies.
BUSINESS MODEL & RESOURCES NEEDED
The company currently has four employees.
THE INDUSTRY
The medical products industry is fiercely competitive, with few notable brands. Medical products, including medications, must be stored safely; this company’s products provide a niche, with demand expected to continue growing in the coming years. The Medication Lock Boxes and Lock Bags developed by the company have been used throughout the United States by facilities, institutions, and homeowners. The products are distributed by over 125 authorized, exclusive dealers within the US, as well as through international dealers.
OPPORTUNITIES TO SCALE
The company offers myriad opportunities for scalability. With limited advertising and no sales presence on Amazon, the company’s branded e-commerce platform offers exceptional opportunities for growth. By expanding sales channels, driving traffic through strategic marketing initiatives, expanding the product line, and forming strategic partnerships, a new owner could grow and scale the company significantly.
Asking Price: $300,000
Gross Income: $436,355
Cash Flow: $98,403
Year Established: 2008
Employees: 4
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