For sale is a 14-year-old Canada-based and health-approved company that manufactures and sells aesthetic medical devices. Although the company is Canada-based, a new owner could operate the business from anywhere.
They sell 100-plus devices annually and have an average order value of $40,000 CAD. They pride themselves on being the market’s most affordable professional beauty devices and are one of the only Canadian companies manufacturing devices on the aesthetic market. The company offers two different medical devices, parts and pieces for those devices, and training and marketing courses.
The best-selling product makes up 95% of revenue; training courses make up 2% of revenue; and their new product makes up 3% of revenue. In addition, once a machine is purchased, customers are required to periodically pay for machine maintenance, creating a 100% recurring clientele base. These devices are manufactured in China, then distributed to sales presentation offices throughout Canada, where their sales representatives demonstrate, train, and sell the product.
There has been a steady up-trend of revenue growth, with a slight dip in 2021 due to spas and other businesses being closed for 6 months due to the pandemic. The owner will exit but has a staff of 8 and is confident they will stay with the company post-sale.
A new owner must apply for a business license and undergo an application process to acquire all necessary manufacturing and sales licenses included in the sale of the business. The current owner can assist with this process.
P&L (2023 Fiscal Year)