Business Description
For sale is a 14-year-old Canada-based and health-approved company that manufactures and sells aesthetic medical devices to females ranging from the ages 27-50 years old. 40% are aspiring entrepreneurs or women looking for a career, and 60% are established in the industry and trained or running businesses. Although the company is Canada-based, a new owner could operate the business from anywhere and start shipping products outside Canada. The company just underwent an annual review with Canada health for its licenses and has also recently received FDA approval to start selling the equipment into the US.
The business sells 50-100 devices annually and operates on a dropshipping model (so they do not store inventory). The owner will exit to focus on her other real estate ventures but has a staff of eight, including one sales representative, four trainers, and three additional sales representatives that are contracted as needed.
The owner is confident they will stay with the company post-sale. At the beginning of 2024, the owner changed her financial model and switched from selling the units to a lease to own model under the advice of her accountant. Since then the business has reduced its tax burden and improved cash flow.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
| Revenue (CAD) | $2,733,858 | $2,871,329 | $2,770,913 | $3,580,641 | $3,020,877 | $2,341,376 |
| SDE (CAD) | $505,007 | $708,926 | $1,202,291 | $937,350 | $814,306 | $427,693 |