Absentee Relocatable Genetic Testing Lab

Business Overview:

This absentee genetic testing lab is a B2B wholesaler offering a variety of paternity, relationship, forensic and clinical testing in all 50 states and globally through a vast network of in-person collection sites, on-line, and partner laboratory facilities. New test introduced in late 2023 with additional tests planned for 2024 launch.

The company was founded in 2015. Since its founding, the company has grown to capture B2B market share as well as develop unique tests and software to help differentiate its business. The business operates virtually, with employees working remotely and testing subcontracted to a partner facility.

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Property Features and Assets:

By focusing on B2B businesses, the company has successfully established a pool of long-term customers and is viewed as one of the largest in the industry. Their network encompasses walk-in medical testing facilities, mobile test companies, and franchise organizations. Customer concentration is not an issue, and there is year-over-year retention of 85% or better.

Market Competition and Expansion:

The genetic testing market is a vibrant, growing market with significant potential for properly positioned companies. Within this market, the relationship, ancestral, and forensic testing segments all show growth, with the relationship segment displaying the strongest growth potential through 2027 and beyond. An additional significant growth opportunity exists in online sales. The company offers a ready website with a fully operational shopping cart for direct-to-consumer business. This site has built a positive online reputation and is well positioned for business expansion. The company has engaged a marketing firm to promote this new direct to consumer channel.

Reason for Selling:

Focus on other business

Additional Details:

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