Business Overview:
This certified laboratory specializes in the testing of drinking water and wastewater for residential, commercial, and government clients. For almost 30 years, this small lab has built a stellar reputation for excellence in this affluent suburban Maryland community. Over the years, this lab has provided testing for residential developments, schools, hospitals, office building and military bases.
The company prides itself on doing the highest quality work that meets or exceeds rigorous Maryland standards for testing. The 9 employees are experienced technicians who work in the lab and directly in the field.
This opportunity is ideal for the experienced environmental scientist or technician looking for a turn-key business in a booming region. The seller is willing to train the new owner during an extended transition to ensure a smooth transfer.
Pre-qualified for lender financing (subject to full underwriting)!
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Property Features and Assets:
3,000 Square Feet facility is located in a high-technology business park. Facility is approximately 35% office space, 65% lab space. Owner has been in the same facility for 16 years.
Assets = $46,075
Market Competition and Expansion:
Clean drinking water and safe wastewater are essential in our growing urban and suburban communities. Developers and institutions must comply with rigorous state standards, and only a handful of labs are state-certified to perform this testing.
Ample opportunity for growth with a dedicated sales focus and expansion of lab facilities. As a State-certified laboratory, the new owner will be able to service hundreds of clients who have permits requiring regular and repeat testing annually. With the state certification, comes access to all of the individual permits listed in the entire state database for marketing and growth. This is a consistent source of re-occurring revenue, regardless of economic conditions. Several school system and military base contracts are also available within a 50 mile radius.
Reason for Selling:
Owner wishes to pursue interests with a non-profit
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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