Drug, Alcohol, DNA & Clinical Testing Lab

Hennepin County, MN

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Asking Price: $205,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $1,800 /Month

Established: 2016

Drug, Alcohol, DNA & Clinical Testing Lab

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Business Description

Established franchise ready for expansion and growth

This franchise is a full-fledged testing lab offering a diverse portfolio of testing services to both the business and consumer markets. They have found their franchise opportunity is best suited for middle to upper management individuals who have had 10 or more years of professional, business-to-business sales, consulting or business ownership experience.

This franchise has a national presence and is a leader in the drug and alcohol testing industry. This is a multi-faceted business that has several revenue streams that a business owner can choose to implement:
1) Workplace testing including drug, alcohol, background screens and D.O.T. consultation
2) Direct-to-Consumer Testing including paternity, infidelity, STD, personal genetics or other DNA testing
3) Business-to-Physician offering multi-testing services to physicians and the medical community; 4) Business-to-Judicial testing for the court systems including drug court, pre-trial intervention, social services, immigration, and child custody cases. Some of these services can also be conducted on-site or mobily.
5) Telehealth product

Currently the lab is run by the owner and one part-time employee working 25-30 hours a week. This is not a passive investment business and would require owner involvement.

Attached Documents


Detailed Information

Real Estate:
Leased
Building SF:
1,540
Lease Expiration:
N/A
Employees:
1.5
Facilities:
1540 sq ft facility
Competition:
The national market for the services provided are highly fragmented. This franchise is nationally recognized and a corporate member of the Drug and Alcohol Testing Industry Association (DATIA) and Substance Abuse Program Administrators Association (SAPAA). The company does not compete but rather partners with Quest, LabCorp., and other national players by being an approved collection site for them, along-side their own private contracts.
Growth & Expansion:
This lab is aligned for growth potential under new ownership that is able to focus and drive the business. The current owner has not been able to focus solely on this business due to other portfolio demands. A new owner has a lot of room for growth within the designated territory.
Financing:
SBA approved franchise
Support & Training:
Franchisor support: initial training, ongoing support, help lines, field support, advertising Seller willing to do 6-8 weeks on-site training plus 4-6 weeks phone consultation/training
Reason for Selling:
Primary investments expanding and require owner's full attention
Franchise:
This business is an established franchise
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Business Listed By:
Emanuel Sas

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