DME Sales Guru | Phil Blum
Phil Blum heads up KKBA’s Medical Sales Group. Phil has been with KKBA for eight years and has completed hundreds of business sale transactions in those eight years.
Follow these links to learn more about Phil Blum and our Medical Sales Group.
So, been thinking of selling your DME, Durable Medical Equipment, business in Illinois? You could not choose a broker more experienced and more suitable to sell your DME than KKBA. We eat, sleep, and breathe, selling DME’s all over the country. And, if we must say so ourselves-we have a 100% success rates selling DME’s.
Working with KKBA will no doubt increase the chances of selling your small or large business DME business much faster and for significantly more money than with any other brokers. Because we do so many of these transactions we know what makes the buyers tick, their value drivers and their hot buttons.
Take advantage of our years of successfully negotiating these deals.
Selling a DME in Todays Market
If you have ever entertained the idea to sell your DME now is a FANTASTIC time to pull the trigger. Why do we say Now is the perfect time? Here’s why:
- It’s a seller’s market. The sale prices for DME businesses are at a 10 year high!
- DME businesses are financeable unlike the majority of main street small businesses.
- Depending on your circumstances, tax minimization opportunities exist for DME business sellers.
Don’t get the notion that because we are in a seller’s market it might be easy for you to sell your DME yourself and save the brokerage commission. That course of thinking will in the end coast you tens, if not hundreds, of thousands of dollars. If you didn’t already know this little known fact, we will clue you in on it now. The buyers of DME’s most often have people working for them to help them find DME’s for sale and then to negotiate the deals for them. These people are hired guns, most of them MBA’s who are professionals at negotiating, and compensated handsomely, by the buyers for getting them the very best deal – AT YOUR EXPENSE! Whatever you pay us to help you sell your DME you will get back double, triple, or more, in measurable value.
A little information about broker commissions.
A recent survey conducted by Business Brokerage Press reports that an increasingly large number of brokers all across the country are charging upwards of 12%, some 15%, for brokerage fees. Additionally, many are charging upfront fees and some, monthly fees for advertising your business. We work on a performance basis for a reasonable fee that is far less than other brokers – if we are not successful in selling your business, YOU PAY US NOTHING!
DME’s are a Regulated Business in many states:
Anyone buying or selling a DME (referred to by the State of Illinois as a “Home Medical Equipment & Service Provider”) business needs to know their licensing regime. Click here Illinois Home Medical Equipment & Service Provider to visit their webpage that addresses these types of business/professional licenses.
If you would rather not deal with them direct please contact our friends at LicenseLogix. They help people to navigate through the licensing process.
Last, but certainly not lease, check out visit Community Health Accreditation Partner “CHAP” website for a list of which states require a special license for DME providers.
If you are ready to sell a business contact or call (888-565-6468) the professional business brokers at King & King Business Advisors!