Annual Revenue: $15,267,000
Net Cash Flow: $2,900,000
Industry: Health Care
Location: Bristol County, MA
Established in the 1970s, this lab services business processes urine, blood and oral samples for customers throughout most of the 50 states. Their specialty is toxicology where they can process up to 10,000 drug screens in a 24 hour period. They have approximately 125 active customers, many of whom have 2-3 year pricing agreements in place, so that repeat business can be received, processed and reported on seamlessly. They operate 24 hours/day 6 days per week. Included with the sale is a product company with plenty of upside potential. Inquire for further details.
FFE: $2,869,813 (Included in Price)
Reason For Sale:
The sellers want to move toward retirement.
Training & Support:
The sellers are willing to stay on for an extended time after the closing.
Year of Last Acquisition: original owner
Days & Hours of Operation: 24 hours/day Mon-Sat
Square Footage: 8000
They operate in a stand-alone 8,000 sq ft building that houses all their equipment and operating functions. Inquire for complete equipment and asset list.
With their long track record, deep customer relationships, they are well positioned to continue their success.
There are many areas for growth that the lab is set up to perform. One example is the growing cannabis industry which will require testing of products. Another opportunity exists within a separate business entity, Clinical Science Products, which is included with the sale, manufactures reagents that are sold worldwide. The US opportunity to increase product sales is quite large.
The sellers will consider all serious offers.