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Listed by:

Transworld Business Advisors

Established Drug Testing Company In Ohio For Sale

Ohio, US
Asking Price:
$175,000 Furniture / Fixtures included
Sales Revenue:
$384,846
Cash Flow:
$69,950

TEST+ Recession Proof. 30+ Year Drug Testing Co. set for Growth!

Here's your chance to acquire a thriving drug testing operation—a business without which organizations across sectors can't operate. From truckers to maritime captains, mandatory substance screening is non-negotiable for keeping the wheels of the industry turning.

But compliance isn't a burden here—it's a lucrative opportunity! The Ohio Bureau of Workers' Compensation will subsidize 66% of the costs of implementing a qualified drug-free Workplace program.

That's essentially free money to build a profitable testing service. It gets better: integrate their program, and eligible employers could save up to 20% on workers' compensation premiums. Who doesn't love delighting clients while fattening profits?

The numbers solidify this venture's rock-solid potential:

- 38-50% of worker's comp claims stem from workplace substance abuse.
- 50-80% of inventory losses are due to employee substance use.
- 15-17% of companies' workforce underperforms due to substance issues.
- Over 90% of addicted individuals are employed.
- Inappropriate substance use costs employers $7,000 annually per affected employee.

A robust testing service is an investment for businesses prioritizing safety, productivity, and asset protection. And you'll be capitalizing on an industry primed for explosive growth:

- Drug testing needs anticipated to swell 10-15% in the next few years amid booming transportation.
- Evolving policies are driving increased random testing requirements.

This company isn't just any drug screening business, however. You'll acquire 30+ years of stellar reputation, expertise, and nationwide on-site testing capabilities. On-site testing is a game-changer, eliminating costly clinics that can devour over 300% of employee wages in lost time and productivity if seen within 10 minutes!

This turnkey operation ticks all the boxes for a savvy investor seeking recession-resistant profits with room for explosive growth.

The statistics speak for themselves - employers across sectors desperately need robust testing services to protect their workforce, assets, and bottom line. And you'll have the lucrative advantage of government incentives for Drug-Free Workplace programs.

But the numbers are just one part of the equation. What sets this business apart is its seamless, professional execution, resulting from decades of experience navigating the industry's intricacies. Take your chance to capitalize on this burgeoning need.

Property Information

Real Estate:

Lease

Lease Terms:

Monthly Rent: $4,250.00

Square Units (Foot, Meter): 3,380

Location:

Facilities: Offices and Collection

Business Operation

Expansion Potential:

The drug testing industry is seeing ever-increasing potential. Ohio Worker's Comp. has the best discount and safety grants in the country. IEBT also specializes in federal Pipeline and CDL truck drivers. New regs always lead to increased testing needs.

Reasons for selling:

Retirement

Trading hours:

8-5 M-F

Employees:
6
Years established:
1988

Other Information

Support & training:

Number of Weeks Seller Will Offer Training: 4

Furniture / Fixtures value:
$65,000 - included in the asking price