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New Jersey Medical Consulting Firm

NJ

Medical Consulting Firm
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Asking Price: $1,500,000

Cash Flow: $284,505

Gross Revenue: $3,253,213

EBITDA: N/A

FF&E: N/A

Inventory: $2,500,000

Established: 2013

New Jersey Medical Consulting Firm

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Business Description

This reference laboratory is a full service Clinical and Pathology lab. It is state of the art providing a complete range of tests for diagnosis, screening or evaluation of diseases and health conditions. It is certified under the federal government’s Clinical Laboratory improvement Amendments (CLIA) and operates in compliance with all government regulations. The lab is licensed and accredited by The College of American Pathologists (CAP).

It’s mission is to become the preferred comprehensive medical lab testing facility for patients and health care providers in the tri-state area. It’s focus is to provide the highest quality and best value lab tests as well as personalized customer service.

Business Plan
The plan is to aggressively increase the number of clients and revenue by promoting the lab’s level of quality and service. So far, year to date results for 2019 indicate that this firm is on target to hit the revenue forecast of $6 million (almost double last year’s revenue). .

The plan also includes expansion by acquisition of additional reference labs and the building of Physician’s Office Labs (POLs) in each of the 50 states. The expansion will allow this firm to facilitate the level of improved quality and service that the health industry deserves.

A savvy buyer will be able to take advantage of this firm’s rapid growth and strong foundation of experience in improved lab service and construction.

The ideal buyer will be an individual or firm who has knowledge, interest or experience in the medical diagnostic industry and wants to take part in building a firm that will ultimately be a dominant force in the tri-state medical arena.

Attached Documents


Detailed Information

Inventory:
Included in asking price
Employees:
7 FTE, 5 PTE
Competition:
Physician's office labs (POLs) require supplies, such as re-agents. The amount and cost of supplies depend on the size of the POL. On an average, yearly cost of supplies per POL is about $60,000. This firm is the wholesaler of supplies ordered by doctors.
Growth & Expansion:
Financial Objectives and Projections: the objectives of the business plan are: 1. To raise $1,850,000 to capitalize wholesale operations 2. To maximum purchase discounts and ensure collection of receivables on timely basis 3. To structure company so that it can support clinical consultation business in terms of ensuring supplies and reagents are available when needed.
Reason for Selling:
To capitalize wholesale lab operations
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Jack Armstrong

Business Listed By:
Jack Armstrong

Sunbelt Business Brokers of NJ

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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.

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