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Medical Testing Lab For Sale
Location: United States -> Hawaii
Industry: Health and Medical > Medical and Dental Labs




Business Summary

A very successful specialty medical testing lab in Hawaii is being offered for sale due to the pending retirement of its owner. Due to confidentiality reasons, we cannot disclose the type of medical testing nor the location until a Confidentiality Agreement is signed.

The Company offers its doctor and hospital clients fast and reliable local service. They have all the latest testing equipment and this allows them to use few technicians and thereby be very cost effective.

They have no local competition and believe they have captured about 50% of the current Hawaii market. They have opportunities to increase their Hawaii share, as well as, market to other Pacific islands.

The owner works about 20 hours per week and in 2016 the Business generated over $260,000 of owner's profits. The business is being offered on a fully turnkey basis.

This would be the perfect business for a medical doctor or scientist to own and operate. It combines the professional satisfaction of providing needed fast patient services and enough cash flow for the owner to really enjoy all of Hawaii's paradise.

BUSINESS HIGHLIGHTS
- Excellent market share; limited competition
- Sales revenue growth from 2013 to 2016: 19.7%, with continued good growth opportunities
- Great return on capital and excellent owner's cash flow; 48% profit margin in 2016.
- Professional satisfaction
- Sufficient money to finance a great Hawaii life style.
- Owner works about 20 hours per week.
- Exciting and interesting area of clinical service
- Escape the corporate mentality
- Be your own boss.
- Growth opportunities include convincing the medical facilities that ship their samples to the mainland to use this Company instead and to market their services to other Pacific islands.


Financials

Asking Price Range:  $500K - $1.0M
Gross Revenues:   $545,000
Cash Flow:   $260,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $424,000
Seller Financing:  No

About The Business

Year Established:  2010
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Sale

About The Sale

Management Training and Support:  2 weeks
Reason For Selling:  Retirement




Print Listing Id: 700282177
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Related Searches: Chiropractic Practices  >  Dental Practices  >  Health Clubs and Spas  >  Long-Term Care Facilities  >  Medical and Dental Labs  >  Medical Clinics  >  Medical Devices  >  Medical Practices  >  Optometry  >  Pharmacy  >  Other Health and Medical  > 

Also See: Franchise Opportunities > Franchise Resales > Hawaii Businesses For Sale > Hawaii Franchises For Sale > Hawaii Business Brokers



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