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- RE: Robust Cannabis And Hemp Testing Lab In California
- Contact: Stu Gilman
Quick Facts
Asking Price: | $4,350,000 | |
Annual Revenue: | $3,963,145 | |
Net Profit: | Not Disclosed | |
Cash Flow: | Not Disclosed | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | Not Disclosed | |
Employees: | Not Disclosed | |
BBN Listing #: | 971856818 | |
Broker Reference #: | 16754-848800 |
Business Overview:
Growing and Profitable Cannabis Testing Lab in California
This cannabis and hemp testing laboratory serves customers throughout California using state-of-the-art equipment to provide the highest level of customer satisfaction while maintaining compliance with state regulations. They are ISO 17025:2017 accredited with current State and Local licenses.
The owners have created an excellent culture and have a seasoned staff with key employees expected to stay on after the transition. Owners are willing to stay on for however long is needed to ensure a smooth transition for clients, staff, and new ownership.
Testing services provided by the laboratory include but are not limited to –
• Terpenes
• Pesticide
• Potency
• Microbial
• Residual Solvents
• Mycotoxin
• Heavy Metals
• Water Activity
In 2021, the company experienced more than 50% growth in revenue. The low overhead in comparison to peers and below-market rent offer an attractive investment opportunity for a buyer looking to enter the cannabis testing industry. The lab is profitable and trending for additional growth in 2022.
There is a significant growth opportunity when CBD becomes regulated for testing similarly to cannabis, and this lab is poised to capitalize on this opportunity. They are ready for Psychedelic testing once legislation for testing methods/standards is passed in California. This is your opportunity to step into a business that has laid the foundation to be successful in a booming industry.
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Reason for Selling:
Other venture.
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
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