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Asking Price: $79,000

Lab Franchise with Three Territories

Providence, RI
Providence County

We are offering an exceptional opportunity to acquire a well-established Lab franchise operating across three lucrative territories. This non-medical testing franchise specializes in rapid drug and DNA testing, catering primarily to employers and legal professionals for pre-employment and ongoing employee testing.Established Presence: You will be taking over a fully operational business with a strong existing client base in Northern Rhode Island and Massachusetts.Skilled Team: The franchise is staffed with four dedicated lab testing employees. The team is led by an experienced manager and a marketing specialist, ensuring smooth operations and ongoing client engagement.Owner Operated: Your direct involvement will be instrumental in taking this business to new heights.Affordable Investment: The territories are available for $59K each, with build-out costs for new setups ranging from $60K to $75K. Acquiring this existing operation offers a significant cost advantage over starting new territories from scratch.Flexible Financing: To facilitate a smooth transition, the seller is offering an attractive financing option with 50% down and 50% seller financing.  For a quick response to your inquiry, please email listing agent Trent Lee (RE# S.0183611.LLC; Business Broker Permit# BUSB.0006978) at trent@fcbb.com.

Cash Flow Not Disclosed
Revenue Not Disclosed
$ Owner Financing Available

Asking Price: $490,000

Temp Staffing with some Direct Hire Placement

Providence, RI
Not disclosed

This staffing firm places full-service, temp-to-hire, and direct hire staffing ranging from part-time, short-term, or long-term opportunities, and several placements have remained in their positions for 10-15 years after placement. The agency specializes in fulfilling the needs of their diverse client base in the professional and clerical fields. Having been established 18 years ago, this agency is well respected and are currently receiving 5-10 new orders on aweekly basis, with a turnaround time of 2 weeks to 2 months. Servicing customers that range from small businesses to large corporations, they offer multiple routes of staffing solutions to fulfill any business’s needs. The team consists of 2 Full Time employees, 1 staffing specialist, and 1 on-call staffing coordinator as well as 55-60 temp employees on assignment. Located in Providence Rhode Island, the current staff operates out of a 1,100 square foot leased building with a reception area and private offices that are perfect for interviews and different skills or communication tests. The current owner has offered 1-2 years for a transition/training period to ensure as smooth a move as possible for staff, clients, and the new owner. Priced at $490,000, this business already has an established client pipeline in place with the majority of new business coming from word-of-mouth referrals. Partnering with this staffing firm resulted in direct hire business for the VP of Human Resources, Business Analysts, Business Consultants, Instructional Designer, and recruitingpersonnel including skill assessments and language assessments. A simple opportunity for new ownership to grow the business, and their current pipeline, would be to establish an internet presence consisting of both a website and social media accounts.

Cash Flow $114,813
Revenue $2,353,488
$ Owner Financing Available

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