Reliable Drug Testing Facility In SW Houston

Business Overview:

This franchise drug and alcohol, D.O.T., and medical testing lab is located in Southwest Houston. Owners are selling not only their Southwest Houston franchise territory with the existing profitable lab business but also their Galleria-based franchise territory (which includes zip codes in the Houston Med Center) that has yet to be developed. There is an added cost for this territory.

Much of the lab’s business is through partnerships/contracts with large Houston-area and national employers. They also market to and work with local area physicians/clinics to assist with their testing needs. In addition, they service many direct, cash-pay patients, and hold contracts to bill private insurance such as United, Blue Cross, and Molina.

This business is in a high-traffic, easily accessible strip center and has some room to grow at its current location. It is owner-managed daily, with four full-time employees, and one part-time contractor. The lab holds a CLIA Waiver from the State of Texas.

The national franchise brand has a very positive reputation as well and is known for being quick, reliable, and affordable. Franchisor consent is required to purchase the business. Franchise discovery day and one week of training are included. Franchisor also assists with marketing and networking.

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Property Features and Assets:

Monthly Rent: $2,500.00

Square Units (Foot, Meter): 1,500

Lease Expiration Date: May 31, 2026, 10:00:00 PM

Market Competition and Expansion:

Competition: - The already high demand for the services provided by the lab, including its newly expanded personalized medical services, continues to increase.
- Direct marketing to many nearby large employers has guaranteed a steady flow of clientele.
- The existing lab is located in a strategic, high-traffic location, near major highways in a growing metropolitan area.
- A second franchise location in the Galleria, including zip codes within the Houston Medical Center, can be paired with the sale.

 

Expansion: This is a well-established business supported by a well-respected national franchise. With one profitable lab already located in a populated, high-traffic area of Southwest Houston, and another franchise location available for development in the Houston Medical Center, the business is extremely well-suited for growth and success in two locations.
Growth is possible with further strategic marketing direct to local employers, local clinics, and medical providers.

Reason for Selling:

Retirement

Additional Details:

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