Should I buy an existing mobility store or start one?
The choice turns on what you would otherwise have to build. An existing mobility store can bring referral relationships, manufacturer accounts, a showroom, a service bench and trained staff. Starting fresh gives you control and no inherited problems, but takes time to earn trust. Weigh both against your own experience and patience.
A mobility and home health equipment store sells to people at vulnerable moments, often on the advice of someone they trust. That makes reputation the slowest thing to build and the hardest to replace. The question is less about cost than about how long you can afford to wait for the same footing an established store already has.
What an existing store brings
An established store may come with referral relationships, accounts with manufacturers, a showroom people already know, a service bench and staff who can fit and repair equipment. Each of these takes time to assemble. Ask what actually transfers, because some accounts and relationships belong to the owner personally and may not follow the store.
What starting fresh gives you
Starting your own store lets you choose the location, the product range, the systems and the team. You inherit no old stock, no tired fixtures and no history you did not make. The tradeoff is a slow first stretch while therapists, clinics and families learn who you are. Think about how long that patience would last.
Questions to settle first
- Do you have experience with fitting, repair and referral relationships, or would you depend on staff who do?
- Could you hold up through a slow start, or does the store need to carry you from the first month?
- Which accounts and relationships would stay if the current owner left?
- Is there a gap in your area that a new store would fill?
Test the choice with real information
If an existing store appeals, read how to check supplier relationships before you decide. If starting appeals, spend time with local therapists first. Either way, a lawyer and an accountant can tell you what each path means for licensing, tax and financing.
Related reading
13 pages on the same subject, grouped by topic.
Buying
- GuideBuying a medical equipment supplier in Canada
- Expert answerWhat should I know before buying an existing franchise unit?
- Expert answerDo supplier rebates and loyalty programs transfer when I buy a retail store?
- Expert answerHow do I find a stairlift or accessibility lift business for sale?
- Expert answerWhat should I check before buying a stairlift and home lift dealer?
Selling
Due diligence
Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernmentWhat are the steps to buying a business?
- 02Business Development Bank of CanadaGovernmentBusiness plan template for entrepreneurs
- 03Business Development Bank of CanadaGovernmentAfter buying a business, what is the next step?
Deavo is an advertising and listings platform, not a brokerage, law firm or valuation firm. This page is general information, not legal, tax, accounting or valuation advice, and rules differ by province. Confirm anything you rely on with a qualified professional before you act on it.