Toxicology Lab Serving Organizations in 30+ US States
Price: $15,500,000
Annual Revenue: $13,789,000
Net Cash Flow: $2,616,000
Industry: Health Care
Location: Bristol County, Massachusetts
With 50 years of success, this toxicology lab testing business processes urine, blood and oral samples for customers in many of the US states. Customers are large drug treatment centers that require regular drug screens as part of their treatment programs.
In most cases they have multi-year customer agreements in place creating predictable revenue streams. The lab can process up to 10,000 drug screens in a 24-hour period. They are CLIA licensed and COP certified.
Listing Details
FFE: $2,500,000 (Included in Price)
Reason For Sale:
Retirement
Training & Support:
The sellers are willing to stay on for an extended time after the closing.
Operation
Year Established: 1974
Employees: 100
Location
Square Footage: 8,000
Facilities Information:
They operate in a stand-alone 8,000 sq ft building that houses all their equipment and operating functions. The property is owned by the sellers, and they would extend a lease to the buyer.
Summary
Competition:
With 50 years of success, they are entrenched in the toxicology market and have long standing customer relationships in place.
Potential Growth:
The current lab location and equipment could handle approximately more volume. They have expanded the building which can accommodate more equipment, and much greater volume growth. The lab is set up to perform additional testing including cannabis, food and hospital testing.