Business Overview

Our medical testing lab, which includes the franchise expansion territory of Lee and Collier counties, is a ten-year established business in Fort Myers, a town that has been ranked once again the fastest growing city in America. Near the southern end of Florida’s Gulf Coast, Fort Myers is not only a superb place to live, but also a great place for business.

We are consistently one of the top producing franchises in the country. Our clients include the surrounding municipalities of City of Fort Myers, City of Cape Coral and City of Sanibel. Most of the local Fire Departments and the 5 hospital Lee Health System are also in our client list.

Many companies that have Department of Transportation truck drivers and FAA employees utilize our services for pre-employment and random drug and alcohol testing. All our staff are DOT certified for Drug and Breath Alcohol Testing and we are one of the few labs that have breath alcohol services. We also offer TWIC card and TSA Pre-check services.

Our reputation
Many, if not most, of our clients come to us based on word of mouth. Trusted by the court system, many judges and lawyers send their clients here for our services.

Financial

  • Asking Price: $1,300,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2011

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
Established Franchise:

This Business Is An Established Franchise

Additional Info

The company was established in 2011, making the business 11 years old.

Why is the Current Owner Selling The Business?

There are all types of reasons people decide to sell companies. Nonetheless, the true factor vs the one they say to you might be 2 totally different things. As an example, they may claim "I have a lot of various commitments" or "I am retiring". For lots of sellers, these factors stand. But, for some, these might simply be justifications to try to hide the reality of altering demographics, increased competition, recent reduction in revenues, or an array of various other reasons. This is why it is extremely important that you not depend totally on a vendor's word, yet instead, utilize the vendor's response in conjunction with your total due diligence. This will paint a much more practical image of the business's current situation.

Existing Debts and Future Obligations

If the existing entity is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your offer. Numerous businesses finance loans so as to cover things such as supplies, payroll, accounts payable, etc. Keep in mind that sometimes this can indicate that profit margins are too thin. Numerous businesses come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future obligations to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that have to be met or may result in penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area draw in new clients? Many times, companies have repeat customers, which develop the core of their day-to-day revenues. Certain elements such as brand-new competitors growing up around the location, road building, and also personnel turnover can impact repeat customers as well as adversely impact future earnings. One important thing to take into consideration is the area of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Clearly, the more individuals that see the business often, the higher the chance to develop a returning consumer base. A last thought is the general area demographics. Is the business situated in a densely inhabited city, or is it located on the outskirts of town? How might the local mean home income effect future earnings potential?