Profitable Clinical Trials Company in NC

NC (Relocatable)

Profitable Clinical Trials Company in NC

Asking Price:N/A

Cash Flow:$667,000

Gross Revenue:$1,029,332

EBITDA:N/A

FF&E:$28,500

Inventory:N/A

Established:2007

Profitable Clinical Trials Company in NC

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Business Description

Growing clinical trials company, ready for new owner

Excellent opportunity to purchase a very profitable, well-established, turnkey clinical trials company. This company conducts clinical trials for multiple pharmaceutical companies –providing research to bring new pharmaceuticals to market and allowing patients to find new and innovative treatments. The Company recently moved to a larger facility due to their continued growth and rising number of studies. Only an hour per week is spent marketing, so there is significant opportunity for growth. Ideal purchase for a new owner-operator or an existing company that wants to extend their service capabilities. A medical
degree is not required, but an MD could save an additional $50,000 per year paid to contact physicians.

Detailed Information

Employees:
4 FT / 1 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Excellent setting recently up fitted specifically for this purpose. Approximately 2,894 square feet. Ample parking.
Growth & Expansion:
Significant opportunity to expand by increasing marketing effort beyond the current one hour per week. New facility can handle 2-3x more studies than previous facility.
Support & Training:
Will train for 4 weeks @ no cost. Owner is not required to be licensed; however, the employees interacting with subjects must have a medical certificate or license. The owner’s role is to manage the relationship with the Pharmaceutical Representatives, market for new studies and negotiate study contracts and budgets, review protocols, and reconcile payments. The owner is also responsible for the oversight of employees, including recruiting, training, and daily management. Finally the owner oversees the business activities such as paying bills, payroll, financial tracking and reconciliation. A general manager, if desired, could take on many of the above responsibilities.
Reason for Selling:
Retiring.

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Ron Buck

Business Listed By:
Ron Buck

Murphy Business & Financial Corporation

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