Asking Price: $295,000
Cash Flow: $134,150
F, F & E: $8,370 est. (included in price)
Inventory: $100 est. (included in price)
This established, profitable testing & collection business, with well-developed methods, procedures and relationships is a “plug-and-play” opportunity for a buyer skilled at direct marketing, corporate sales and detailed operations. It has a wide range of clients including self-pay, local corporate accounts and national third-party administrator referrals. As more companies adopt drug-free workplace policies, pre-employment and random screening is gaining momentum and providing a solid basis for continued growth in the industry. Serving a dynamic region of the San Francisco Bay Area with an established customer base, this is a successful on-going business with substantial opportunities for growth.
Location: Contra Costa Co., CA
Facilities: Office and labs are in a 778 sq. ft. space with excellent visibility from a street with substantial vehicle and pedestrian traffic. Leased through August 2012, the landlord anticipates approval of a new lease to a qualified tenant.
Competition: With only 2 other such operations in the area, it has a competitive advantage.
Expansion: Revenues can be increased by acquiring more corporate and institutional accounts including the County Family Court system. Adding a phlebotomist to the staff could provide a new source of business where blood draws are required. Profits can increase with more of the high-margin collection services added to the service mix. Social media and ad word campaigns, having shown strong sales results, should continue.
Support: To ensure an orderly transition, the Seller is willing to train a new owner.
Selling: Owner wants to focus efforts on other, recently acquired business interests.
Employees: 3 full-time, 1 part-time
Agent: Carolyn Johnson (“CJ”), DRE Lic. # 01252240