Business Overview
About the Company
With 50 years of success, this toxicology lab testing business processes urine, blood, and oral samples for customers in many of the US states. Customers are large drug treatment centers that require regular drug screens as part of their treatment programs.
In most cases, they have multi-year customer agreements in place creating predictable revenue streams. The lab can process up to 10,000 drug screens in 24 hours. They are CLIA-licensed and COP certified.
They operate in a stand-alone 8,000 sq ft building that houses all their equipment and operating functions. The property is owned by the sellers, and they would extend a lease to the buyer.
With 50 years of success, they are entrenched in the toxicology market and have long-standing customer relationships in place. The current lab location and equipment could handle approximately more volume. They have expanded the building which can accommodate more equipment and much greater volume growth. The lab is set up to perform additional testing including cannabis, food, and hospital testing.
FFE included in the sale valued at $2,500,000.
