TECH-2414
Turn-key, Modern Toxicology Lab in Mid-Atlantic States

Paid off Nearly New Equipment, Some Revenue, Very Qualified Staff

SIGNIFICANT SELLER FINANCING!



This 2-year old lab is being sold by its owners to someone who can be more successful in bringing new business to the lab. The lab is turn-key for doing toxicology or blood assays (although they are only doing Toxicology currently), and comes with highly qualified staff and lightly used, completely paid-off equipment whose in place value (with calibration and set up) is about 800K. Located in an ideal area where there is significant drug addiction problem. Recently Lab has secured a significant new business of which currently brings about 25-50 samples per month from a suboxone clinic which would bring roughly about $8-10K per month in business and defray some of the costs of running the business. Lab has Medicare, Tricare, and Medicaids in Virginia, NC, SC, and Georgia.

LIST OF EQUIPMENT

LAB SERVICES

(60 tests immediately available)

FACILITIES

3,000 sq leased facility

REASON FOR SALE

The owners would like to focus on other opportunities and sell it to someone who can more readily bring the business in-house.

FINANCIALS

Lab has been in operation for a little over 1 year and had a small revenue. Recently secured a client (suboxone clinic) that currently brings about 25-50 samples per month to the business (defraying some of the costs).

ASKING PRICE

The Lab had spent over $2 million in equipment and set up.

It is being offered for $800K and for a qualified buyer, the Seller is willing to offer significant financing.

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Disclaimer: Technologypark has not independently verified any of the information in these descriptions, and makes no warranty as to their accuracies or completeness. The Buyers should do the necessary due diligence and consult their advisors.

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