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Listed by:

Franchises 2 Buy LLC

Profitable 14-Year Testing Labs For Sale

Detroit Area, Michigan, US
Asking Price:
$199,900 Furniture / Fixtures included
Sales Revenue:
$1,990,781
Cash Flow:
$956,035

HIGH DEMAND – Low Competition. We provide fully compliant drug screening, DNA testing, and background check services. With established lab relationships, national accounts, and 24-hour availability, we stand apart from competitors by meeting customers wherever and whenever they need us.

In many cases our services are mandated, not discretionary, due to employment regulations, licensing requirements or court ordered testing. We are networked into labs and employers and have national accounts. We have taken service to a new level which truly sets us apart from any competition.

Our labor model is unique. We contract 1099 associates who are trained, background checked and certified in the proper protocol to conduct compliant testing. Because of our fees and mileage reimbursements schedules, we attract and retain high caliber associates. Our labor model we have developed is a significant contributor to our success in finding, retaining and professionally servicing our customers.

We are profitable! Our business structure affords low overhead expenses, and low COGS which all flow to a very healthy bottom line. The asking price in relation to cash flow may seem out of balance. This is one of the unique successes we have achieved in our business.

Included in this sale are all processes, systems, lab contracts, customer accounts, national accounts, CRM, websites and contracted 1099 associates. We also have established processes to find and attract new customers and 1099 associates. We have in place a short-term transition plan along with training and ongoing support as needed. As new testing regulations come into the market and/or are mandated by a regulatory body, we have systems and processes in place that will also be transferred to the new owner.

Property Information

Real Estate:

Lease

Location:

Office - Also go to meet clients off site with mobile testing

Premises Details:

Office - Also go to meet clients off site with mobile testing

Business Operation

Expansion Potential:

Yes - Because of how we operate with our 24/7 mobile service there is excellent upside for growth with increasing market demand

Competition / Market:

Limited. With our mobile capabilities and 24-hour service, our demand is increasing

Reasons for selling:

Market Growth and Expansion

Years established:
2012

Other Information

Support & training:

Established short-term transition plan with ongoing training and support. This includes support and training as regulations change and evolve.

Financing available:

3rd Party, ROBS, HELOC, Conventional

Relocatable:
This business can be relocated