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Profitable, Established Lab Testing Business Ready for Expansion

Elkridge, MD

Seller Financing Available

Asking Price:$150,000
Gross Revenue:$179,765
Rent:$3,000/Month
Established Year:2017
Cash Flow:$46,393
Inventory:$500
FF&E:$25,000
Listing ID: 2316273Listing provided by BizBuySell
BUSINESS DESCRIPTION

Part-time owner! Some seller financing!

This established testing lab is a prime opportunity to own a respected business in a booming, recession-resistant industry. Since 2017, this lab has evolved from drug and DNA testing to offering a broad range of clinical services. During the pandemic, it delivered in-house COVID-19 testing and has since added phlebotomy and unique offerings like serum-based eye drops for chronic eye conditions.

Over the past 12 months, the business generated $179,765 in revenue and $46,393 in Seller’s Discretionary Earnings (SDE). Its standout performance during the pandemic shows the potential for this business to thrive when healthcare needs shift.

Revenue streams include employer drug testing, legal DNA testing, and clinical services. Growth potential is significant, with opportunities to market drug testing to DOT-regulated companies and expand DNA testing for legal and immigration purposes. A recent partnership with Any Lab Test Now further enhances clinical service offerings, opening doors to new revenue streams and broader market reach.

The lab also boasts a 4.8-star rating on Google, reflecting its strong reputation and commitment to excellent customer service. Located in a densely populated area between Baltimore and Washington, D.C., this lab benefits from proximity to major transportation hubs and a large base of businesses and consumers. The current owner works part-time, handling managerial tasks like accounting and ordering supplies, while an experienced lab technician manages daily operations. No medical experience is required, making this a turnkey opportunity.

With a strong foundation, excellent reputation, and clear paths for growth, this business is ready for a new owner to take it to the next level. Inquire now for NDA and to learn more!

DETAILED INFORMATION
Location
Elkridge, MD
Inventory
Included in asking price
Real Estate
Leased
Employees
1
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The sale price includes all of the assets required for running the business, which includes: computers, printers, security system, storage, tables, chairs, and a lobby TV. Also included are various testing machines, such as breath alcohol machines, and other testing equipment. These materials are valued at about $25,000. The franchise's inventory is also included and contains assorted medical and testing supplies valued around $500 any given time.
Competition
The drug and clinical testing market, valued at over $4.6 billion, is experiencing explosive growth. This is driven by increasing demand for workplace drug testing, wellness programs, and specialized services like DNA and allergy testing. Rising healthcare costs, high-deductible insurance plans, and health-conscious consumers fuel demand for cost-effective, accessible solutions. ARCpoint Labs is uniquely positioned to adapt to industry changes and advances in technology, ensuring continued relevance and growth.
Growth & Expansion
This Columbia/Elkridge location offers significant growth potential in a densely populated area with a high concentration of businesses. Opportunities include marketing drug testing to DOT-regulated companies, expanding DNA testing for legal and immigration purposes, and providing affordable clinical services for uninsured or high-deductible patients. A new partnership with Any Lab Test Now enhances clinical offerings and opens new revenue streams. Marketing or sales skills would be a plus to fully capitalize on these opportunities.
Financing
Some seller financing
Support & Training
Training includes 1-week in person, Sandler Sales training, ongoing virtual training, and education & guidance on the certifications required. New franchisees get a dedicated Onboarding Project Manager & a Franchise Business Consultant throughout their tenure as owner. Ongoing support includes updated industry resources, monthly webinars and the annual Conference.
Reason for Selling
Retirement
Franchise
This business is an established franchise
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