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BIZBITE
345 Boring Businesses Analyzed$2K - $5M Startup CostsUp to 85% Profit MarginsUpdated WeeklyReal Revenue DataAcquisition Multiples Tracked345 Boring Businesses Analyzed$2K - $5M Startup CostsUp to 85% Profit MarginsUpdated WeeklyReal Revenue DataAcquisition Multiples Tracked345 Boring Businesses Analyzed$2K - $5M Startup CostsUp to 85% Profit MarginsUpdated WeeklyReal Revenue DataAcquisition Multiples Tracked345 Boring Businesses Analyzed$2K - $5M Startup CostsUp to 85% Profit MarginsUpdated WeeklyReal Revenue DataAcquisition Multiples Tracked
Route
73
/100 score
Excellent

AED Program Management Service

Every gym, school, and office building has a defibrillator — most owners don't know the pads expire

AED (automated external defibrillator) program management businesses handle the ongoing compliance, inspection, and supply replacement for defibrillators installed in commercial buildings, gyms, schools, offices, and sports facilities. Every installed AED has electrode pads that expire every 2 years and batteries that last 4-5 years. Building owners are legally liable if their AED fails to function in an emergency. Most have no idea who is responsible for tracking expiration dates or filing the required state registrations. The business model is pure recurring revenue from regulatory necessity.

Avg Revenue

$150K

Profit Margin

48%

Acquisition Multiple

2.5x - 5x

Startup Cost

$5K - $15K

Difficulty

2/5

How It Works

The operator signs buildings to an annual management plan ($150-$600/AED/year depending on services included). The plan covers quarterly or annual physical inspections, tracking of pad and battery expiration dates, supply fulfillment when components expire, CPR training coordination, and state compliance registration management. Clients are sticky because the compliance liability never goes away and switching providers means re-documenting their entire AED inventory. A single operator can manage 200-500 AEDs across 50-150 client sites.

Revenue Range

Low End
$60K
Typical
$150K
High End
$400K

Real Acquisitions in This Category

SBA 7(a) change-of-ownership loans · NAICS 541990 · All Other Professional, Scientific, and Technical Services

Deals tracked
281
108 in last 24 mo
Median loan
$626K
$255K–$1.6M p25/p75
Implied deal size
$736K
median · ~85% LTV
Charge-off rate
2.2%
of loans that finished

Deal Size Distribution

<$150K
39
$150K–500K
76
$500K–1M
57
$1M–2M
57
>$2M
52

Deal Flow Over Time

Deals per year · median loan
$699K
2020
30
$615K
2021
51
$875K
2022
31
$665K
2023
39
$599K
2024
49
$546K
2025
65
$706K
2026
16
12-month momentum
-23.0%
deal volume vs prior 12 mo
Median loan Δ
-4.8%
47 recent · 61 prior

Financing Profile

Median rate
9.50%
17% fixed · last 24 mo
Median term
120 mo
standard 10-yr
Collateralized
97%
of loans secured
Median jobs
8
supported per deal
Top lenders in this space
Live Oak Banking Company48
The Huntington National Bank35
Old National Bank9
Byline Bank6
Dogwood State Bank6
Where deals happen
CA28
FL25
TX23
MN17
CO14
IN12
OH11
NC11
IL10
PA10
Franchise vs independent
Franchised acquisitions finance at $392K median vs $659K for independents — a -41% franchise discount. Franchises make up 11% of deals tracked.

Recent Comparable Deals

ClosedStateLoanImplied dealJobsFranchise
Dec 2025FL$50K$59K4Garage Living
Dec 2025FL$1.0M$1.2M4Garage Living
Dec 2025FL$395K$464K13
Dec 2025OK$411K$484K5
Dec 2025OK$30K$35K5
Dec 2025NH$4.3M$5.0M63
Dec 2025WI$1.6M$1.9M7
Nov 2025NY$2.9M$3.4M2
Nov 2025IN$100K$118K11
Nov 2025IN$1.8M$2.1M11
Volume rank #24/534Deal-size rank #302/534Momentum rank #147p90 loan: $2.8MData as of Dec 2025

Source: SBA 7(a) FOIA dataset, filtered to acquisitions (loans where business age is "Change of Ownership"). Implied deal size assumes an 85% loan-to-purchase ratio, a common SBA change-of-ownership structure. Charge-off rate shown only when 10+ loans have resolved (paid in full or charged off). Interest rates reflect last 24 months only. Actual deal values vary with equity injections, seller financing, and working capital terms.

Pros

  • +Pads expire every 2 years without exception — 100% of clients renew on a known schedule
  • +Legal liability creates price insensitivity — clients cannot afford to let this lapse
  • +Extremely low physical labor — inspections are quick visual checks with minimal equipment
  • +Software-tracked compliance data becomes a switching cost that locks in clients

Cons

  • -Revenue per client site is modest — route density is essential for strong income
  • -Medical device registration and state AED laws vary and require careful compliance tracking
  • -Building access scheduling adds administrative overhead

Best For

Operators who want a recurring-revenue route business with minimal physical demands and strong client retention driven by compliance requirements

Operating Costs

At $300/AED/year and 500 managed units, annual revenue is $150K. Margin is high because the physical visit is short, supply markup on pads and batteries is 30-50%, and overhead is minimal (van, software, insurance). Net margins of 45-50% are achievable at scale. The strongest operators bundle CPR training to multiply revenue per client.

SBA Financing Estimator

Adjust the deal — see if it cash flows after debt service

$-2139/mo
after debt service
Deal price — $740K
Range: $300K (2.5×) to $900K (5×+)
Down payment — 15% ($111K)
SBA minimum equity injection is 10% for change-of-ownership
Interest rate — 9.50%
SBA median for this category: 9.5%
Loan term — 10 years (120 mo)
SBA median for this category: 120 months
Down payment
$111K
15% equity injection
Loan amount
$629K
85% SBA-financed
Monthly payment
$8K/mo
$348K total interest
Monthly profit
$6K/mo
at 48% margin
Monthly cash flow after debt service
$-2139/mo
Margin does not cover debt service at these terms. Lower the deal price, increase the down payment, or extend the loan term.

Estimates only. Excludes owner compensation, capex, working capital draws, and taxes. Margin assumes average occupancy and volume. Actual SBA terms vary by lender and borrower profile.

Where to Buy

AED.com – AED Program Management

Overview of what a full AED compliance management service includes

BizBuySell – Healthcare Service Businesses

Search for AED and medical compliance service business acquisition listings

73/100Excellent

Acquisition Score

Profit margin
30/30
Entry multiple
17/25
Market depth
14/20
Risk (charge-off)
12/15
Deal momentum
0/10

Scores margin (30), entry multiple (25), SBA market depth (20), category risk (15), and deal momentum (10). Higher = better acquisition candidate.

Quick Facts

Category
route
Difficulty
2/5
Buy price
$375K$750K

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