Profitable Drug Testing Provider W/ Two Locations
Not Disclosed, NC Not Disclosed
Seller's Contact Information
- RE: Profitable Drug Testing Provider W/ Two Locations
- Contact: Kimberly Ramsey
Quick Facts
| Asking Price: | $597,000 | |
| Annual Revenue: | $659,774 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $159,802 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $47,000 | |
| Real Estate: | $120,000 | |
| Year Established: | 1992 | |
| Employees: | 5 | |
| BBN Listing #: | 974358201 | |
| Broker Reference #: | 13485-133118 |
Business Overview:
With over 25 years of experience, this company offers comprehensive services that help companies maintain a drug-free workplace in an efficient and cost-effective way. Every drug testing program can be customized to meet each company's specific needs, ensuring compliance with all government mandates and court-ordered requirements. With two physical offices located in NC, the company offers collection capability at over 7000 nationwide facilities, convenient on-site collections, laboratory services, random selections, data and records management, results reporting, and everything in between.
-Consistently profitable
-Low customer concentration
-75% of customers must meet DOT requirements
-30 years in business
-Two office locations in NC
-Conditionally SBA approved
-Owners open to extended transition
-Real estate included
The Company started in 1991 as a division of a larger nursing service provider, but was parsed out and renamed in 2014. Since that time, the owners have established an expansive customer list, the majority of which are required to meet drug testing requirements to comply with DOT (Department of Transportation) mandates. The company stays up to date on all the latest regulations and ensures customers stay complaint, removing risk and worry and letting their customers focus on running their businesses.
Opportunities for growth include a pending change in requirements (tentatively to be approved in June 2023) that could open opportunities for additional oral fluid testing. Increased advertising can also increase sales.
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Property Features and Assets:
Two locations, one owned and one leased.
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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