- Asking Price:
- $675,000
- Gross Income:
- $573,000
- Cash Flow:
- $324,562
- EBITDA:
- N/A
- FF&E:
- $193,234.00 *
- Inventory:
- $5,000.00 *
- Real Estate:
- N/A
- Year Established:
- 1981
- Employees:
- 6
- Business Types:
- Miscellaneous Services
Food and Kindred Products
* included in the asking price
Business Description
The Products/Food Testing Laboratory is an independent laboratory that provides services in the fields of inspection. The company has clients in every segment of food and allied industries. Strong scientific equipment and knowledge have established a respected reputation for this company that is committed to quality results and excellent customer service. A working owner will need to have the credentials to work the business. A degree in Microbiology would be advised. An investor can hire management in place. The company is poised for growth as it has a client base throughout the United States. There is not one customer that comprises more than 8% of the total gross sales. An Investor Firm has come forward with the desire to finance the sale for the buyer with the credentials to operate the business. They are interested in this lucrative industry for expansion purposes.
Detailed Information
- Facilities:
- The company provides testing for Food-Water Quality Control – Regulatory Interfacing – the laboratory was designed for the systems in place. It is housed in its newer updated facility in on or about 2500 sq ft. New owner can negotiate a new lease as stated by the landlord.
- Competition:
- The barrier to enter this business leaves room for great expansion. The business serves under the guidlines of the FDA and working/owner/manager must have the credentials.
- Growth/Expansion:
- The seller has been in the business for over 30 years. The new owner should take on the increase in sales calls. The seller has added assayers but the increase in demand of his clients with regard to the FDA industry and his desire to retire are conflicitng.
- Financing:
- Financing is in Place with a Third Party Investor or SBA for qualified buyer
- Support/Training:
- Transitional support available for an agreed upon time. Seller will then be available on a consulting basis if requested with terms.
- Reason Selling:
- Retirement