Business Overview

Lab Franchise in Tarrant County is a full-service national third-party provider/administrator of accurate, reliable, and confidential diagnostic testing for individuals, companies, and legal and healthcare professionals. Established in 2019 with 35% Growth Year over Year in 2021, fully staffed with all the Equipment in a beautiful medical facility. The franchise has been in the drug and alcohol testing business for over 18 years, and their staff has over 60 years of combined industry experience. All the technicians at this location are certified and trained in accordance with 49CFR Part 40 (Part 40), Procedures for Transportation Workplace Drug and Alcohol Testing Programs. The federal requirements of Part 40 ensure best practices and establish standards for training both urine collection and breath alcohol technicians within the industry.

Financial

  • Asking Price: $1,300,000
  • Cash Flow: $499,920
  • Gross Revenue: $1,504,787
  • EBITDA: N/A
  • FF&E: $200,000
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: 2019

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,995
  • Lot Size:N/A
  • Total Number of Employees:3
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

2 weeks

Purpose For Selling:

family health issues

Additional Info

The company was established in 2019, making the business 3 years old.

The company has 3 employees and resides in a building with disclosed square footage of 1,995 sq ft.
The property is leased by the company for $6,250 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons people resolve to sell companies. However, the true factor vs the one they tell you may be 2 totally different things. As an example, they might state "I have way too many various responsibilities" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these might simply be justifications to attempt to hide the reality of transforming demographics, increased competitors, current reduction in profits, or a range of various other reasons. This is why it is very crucial that you not rely entirely on a seller's word, but rather, use the seller's solution together with your total due diligence. This will paint a much more realistic image of the business's present scenario.

Existing Debts and Future Obligations

If the current company is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your deal. Lots of companies borrow money so as to cover things such as inventory, payroll, accounts payable, and so on. Bear in mind that occasionally this can imply that profit margins are too tight. Lots of businesses come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future commitments to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that have to be fulfilled or might lead to penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the location bring in new clients? Most times, companies have repeat customers, which form the core of their day-to-day profits. Particular variables such as brand-new competitors sprouting up around the location, road building, and employee turn over can impact repeat consumers and negatively affect future profits. One vital thing to take into consideration is the area of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Clearly, the more individuals that see the business often, the higher the opportunity to build a returning client base. A final thought is the basic location demographics. Is the business situated in a largely inhabited city, or is it located on the outskirts of town? Just how might the local typical house earnings effect future earnings prospects?