New Jersey Medical Lab with Committed COVID Tes...

New Jersey, NJ

Asking Price: Annual Revenue:
$1,500,000 Not Disclosed

Services: Medical, Dental

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RE: New Jersey Medical Lab with Committed COVID Tes... Broker: Frank Caroselli

Quick Facts

Asking Price: $1,500,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $2,500,000
Real Estate: Not Disclosed
Year Established: 2013
Employees: 12
BBN Listing #: 419638733
Broker Reference #: LINDENJ001-N644

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Business Overview:

This reference laboratory is a full service Clinical and Pathology lab. It is state of the art providing a complete range of tests for diagnosis, screening or evaluation of diseases and health conditions. It is certified under the federal government’s Clinical Laboratory improvement Amendments (CLIA) and operates in compliance with all government regulations. The lab is licensed and accredited by The College of American Pathologists (CAP). It’s mission is to become the preferred comprehensive medical lab testing facility for patients and health care providers in the tri-state area. It’s focus is to provide the highest quality and best value lab tests as well as personalized customer service. Business Plan: The 2020-2021 business plan is to build upon current COVID-19 testing committed and taking place in several New Jersey cities and New York restaurants and hospitals. The firm has recently signed a lucrative union Contract with potential annual revenue of $22 million. The plan also includes expansion by acquisition of additional reference labs. The expansion will allow this firm to facilitate the level of improved quality and service that the health industry deserves. A savvy investor will to take advantage of this firm’s rapid growth including COVID-19 testing and union contracts The ideal investor will be an individual or firm who has knowledge, interest or experience in the medical diagnostic industry and wants to take part in building a firm that will ultimately be a dominant force in the tri-state medical arena.

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Reason for Selling:

To provide working capital to ramp up for COVID-19 Testing.

Additional Details:

  • The property is owned.
  • 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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