Description

This is an opportunity to acquire an established and extremely profitable drug and urine testing laboratory. This business is completely turn-key and fully licensed including a Medicare License, Medicaid License, CLIA Certification and COLA Accreditation. The laboratory offers services to consumers, employers and providers. The lab is fully staffed, has strong client retention and is debt free. Clients come from all over the USA and the business is not dependent on local providers. The lab has a huge upside potential and is only utilizing approximately 35% of its capacity. This lab operates without a dedicated sales person or marketing team. The company comes with the option to purchase the A/R that would be adjusted for collection rates and discounted. 2016 revenue exceeded 9.3M with adjusted discretionary income of over 1.7M. 2017 is trending down due to the loss of a large client that has now been effectively replaced. Business also comes with $1.5M in sophisticated laboratory equipment. The Seller is interested in either selling the business & moving on, or working for the new owners for an agreed upon transition period. Seller is willing to consider financing on a case by case basis for up to 50% of the selling price.