SALE PENDING Drug testing lab

Panama City, FL (Bay County)

main testing lab

Asking Price:$119,000

Cash Flow:$29,141

Gross Revenue:$84,250

EBITDA:N/A

FF&E:$74,000

Inventory:$3,500

Established:2012

SALE PENDING Drug testing lab

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Business Description

This is a franchise business, the owner has several areas but wishes to sell this location. A new franchise cost $49,000 plus office equipment. A buyer will need approval from franchise and will need to do a week of training period. The franchise price is included in the sales price, and the seller will pay the $10,000 transfer fee plus up to $5,000 in training cost.
There are some regional accounts that have offices in Bay County, the seller would like to work with the buyer on these accounts.
Lab’s services encompass both on-site and off-site testing, pre-employment, random, post-accident and reasonable suspicion drug testing.
All Labs drug testing technicians are certified and trained in accordance with 49CFR Part 40 (Part 40), Procedures for Transportation Workplace Drug and Alcohol Testing Programs. This office has a qualified technician on site who wishes to stay.

Detailed Information

Inventory:
Included in asking price
Employees:
1
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The office is conveniently located to businesses on a main street between the two major shopping areas of 15th St and 23rd St. and has all the equipment you need to handle the various testing businesses may ask of you. NOTE: the equipment includes a $49,000 franchise fee, $10,000 transfer fee, and $5,000 toward training cost. (total $64,000). If buyer worked the business an additional $21,800 from salary reduction.
Competition:
Not a lot of direct competition that focus on drug test and offer quick results. Lab’s services encompass both on-site and off-site pre-employment, random, post-accident and reasonable suspicion drug testing.
Growth & Expansion:
Growth would come from the buyer building relationsnips and contacts with the business community
Support & Training:
Training is a week in South Carolina. In addition to being approved by the franchise, the prospective buyer will have to attend a discovery day in headquarters prior to signing the franchise agreement. There is no requirement for medical training or experience to own the franchise.
Reason for Selling:
this office too far from others to manage and grow

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Lewis Floyd

Business Listed By:
Lewis Floyd

Destin Business Brokers

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Sponsoring Broker:
Theodore M. Perkins, Jr.

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