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Laboratory Testing Services in New England

New England

Seller Financing Available
Not actual lab
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Asking Price: $1,200,000

Cash Flow: $347,000

Gross Revenue: $1,400,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $5,000 /Month

Established: 1975

Laboratory Testing Services in New England

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Business Description

This well-established business offers analytical testing service including drinking water, ground water, wastewater, soil, waste, paint, toys, jewelry, oils and inks. Certified by several nationally recognized organizations such as NELAC, ISO17025 and A2LA; as well as EPA NLLAP Lead Wipes, Paint, and Soil testing. Most of the services that the business provides are required by their customers to comply with Federal or State regulations. The business’ focus on customer service and solutions has helped them grow to have a customer base of over 400 customers consisting of state and municipal governments, businesses, industrial companies, and residential customers. In an average year, about 90% of the business comes from the existing customer base. During the last 3 years sales have been averaging between $1.3M to $1.4M and the Discretionary Earnings have averaged in the mid $300K’s. The staff includes many employees holding advanced degrees in chemistry and biology. Stable work force. The laboratory has all the necessary equipment to operate efficiently while adhering to the standards required to maintain the certifications to provide their services. The laboratory and offices are leased from the principal of the business and is willing to lease the property to the new owner. Flexible Lease Term. The current owner has owned the business for over 30 years This opportunity has become available due to the owner’s desire to retire from the business and pursue other investments. However, the owner is willing to stay on with the new owner for an extensive transition period, negotiable. Therefore, though a buyer with a related technical background would be a good candidate to acquire the business, it is believed that a buyer with an aptitude to understand the services that the business offers and has strong sales and marketing skills could also learn to operate the business. For more information, please contact John Coto, Certified Business Intermediary at Alliance Business Brokers, LLC by email or call 603-880-8200. Attention Business Owners: We have buyers looking for businesses to buy and not enough listings! If you are considering a possible sale or would just like to learn more about the process, please call me for an initial, confidential discussion.

Detailed Information

Real Estate:
Leased
Building SF:
10,000
Lease Expiration:
N/A
Employees:
18
Facilities:
The business leases approximately 10,000 sq. ft made up of laboratory, office, and warehouse space.
Competition:
Very limited competition; high barrier to entry; excellent reputation.
Growth & Expansion:
Potential to expand throughout the northeast.
Financing:
Business is a candidate for an SBA loan. Seller will consider small amount Seller Fi
Support & Training:
Seller will provide 90 days of transition support immediately after closing; Additional time is negotiable.
Reason for Selling:
Retire from the business and pursue other opportunities
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Contact the Seller

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John Coto

Business Listed By:
John Coto

Alliance Business Brokers, LLC

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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