Well Respected Drug & Alcohol Testing PENDING!

Not Disclosed, MI

Southeast


Asking Price: Annual Revenue:
$180,000 $165,296

Services: Non-classifiable


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RE: Well Respected Drug & Alcohol Testing PENDING! Broker: Tanya Popov

Quick Facts

Asking Price: $180,000
Annual Revenue: $165,296
Net Profit: Not Disclosed
Cash Flow: $78,932
Total Debt: Not Disclosed
FF&E: $10,000
Real Estate: r_36
Year Established: 1993
Employees: 2
BBN Listing #: 936128552
Broker Reference #: MI111419

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Business Overview:

Excellent opportunity to acquire a well-established highly reputable Substance Abuse Testing Facility serving the public and courts throughout Michigan. Since early 1990s, this business has been specializing in drug and alcohol testing and developed a solid referral network consisting of various courts, attorneys and probation officers. Payments for services collected in cash or by credit card at the time the services are provided.
The office staff consists of 2 part time employees responsible for data entry, drug testing and reports, both working an average of 30 hours per week. The owner is responsible for financials and office administrative duties and only works part time.
This business is highly profitable and offers a perfect reputation in the industry with plenty of room for growth including full DNA testing set up, which is becoming increasingly popular. No licensing is required for testing portion of the business offered for sale. This acquisition does not include a counseling portion, currently provided by the owner, but can be available if the buyer desired to explore this additional opportunity.
This business would be ideal for another testing facility looking to grow its market share or for an individual investor looking to get into the industry. Licensed therapist practicing in behavioral and drug/alcohol fields would be an excellent candidate as well.

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Property Features and Assets:

The company currently operates out of a central, highly visible and accessible, spacious leased facility. The lease is on a month to month basis allowing the new owner to move the facility to a different location if desired.

Market Competition and Expansion:

Although competition exists, this highly reputable facility offers solid name with outstanding public reviews with an established referral network. Currently no marketing efforts are in place and most business comes from referrals and word of mouth. With excellent long standing of the business in the industry and fresh energy of a buyer this business is poised for continued growth and expension.

Reason for Selling:

Retirement

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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