Dec 15, 2019 — Manhattan Biz is presenting a truly extraordinary clinical laboratory in Southern California: Full menu, all tests, all specialties, all insurances. Pathology, Chemistry, Genetic, Toxicology… Run by pathologist, CLS, and lab consultant - to perfection. Adding accounts and growing business daily. Tests nicely spread across all specialties, great reimbursements where it counts.
The lab is relatively new and valuation is rather based on recent history and growing trend, than on usual three or more years of strong performance. Conservative investors who, rightfully in general, focus on long history of EBITDA and audited bookkeeping will not be here best served, so Manhattan Biz will gladly present you other opportunities.
This is opportunity for investors with higher rolling ups appetite. Management is ready to stay in order to help and justify confidence in continues growing and success.
Open six days a week, two shifts. Footage 6,500 SF, monthly rent $6,500, lease until 2021 with 3 years option.
Equipment in value exceeding $700,000 included. Inventory around $150,000.
Lab is grossing over $1,100,000 per month in 2019 trend growing. Net is about $300,000 per month – estimating 4M yearly net in 2019.
The asking price is trying to make fair sense for current and future owners: $15M down with additional $7M note, which could be continent on performance, totaling $22M.
Call for Data-Room access. Please contact lab-broker for details.