Paid off Nearly New Equipment, Some Revenue, Very Qualified Staff

This 2-year old lab is being sold by its owners to someone who can be more successful in bringing new business to the lab. The lab is turn-key for doing toxicology, Pharmacogenomics (PGx), or blood assays and comes with highly qualified staff and like-new, completely paid-off equipment whose in-place value (with calibration and set up) is over $1.2 million. Located in an ideal area where there is significant drug addiction problem. Recently Lab has secured a significant new business of about 75 samples per month from a suboxone clinic which would bring roughly $25K per month in business, and bringing it at or close to break-even point.

LIST OF EQUIPMENT
-Shimadzu LCMS-8030
-QUANTSTUDIO 12K FLEX,384-WELL
-Two - Roche P Mod Chemistry Analyzers; One in production
-LabWare - Laboratory Information Management System
-Other equipment (Evaporator, refrigeration, computers and UPS systems, reagents and general laboratory supplies)

LAB SERVICES
(60 tests immediately available)

-Drug Testing Services
-Pain Management Drug Testing
-Criminal Justice Drug Testing
-Workplace Drug Testing
-Presumptive Screening
-Confirmation Testing
-Creatinine Normalization
-Limit of Quantitation Testing
-Specimen Validation (Creatinine, Sp. Gravity, pH, Oxidants)

FACILITIES
3,000 sq leased facility

REASON FOR SALE
The owners would like to focus on other opportunities and sell it to someone who can more readily bring the business in-house.

FINANCIALS
Lab has been in operation for a little over 1 year and had a small revenue. Recently secured a client (suboxone clinic) that will bring some 75 samples per month to the business (bringing it at or close to break-even).

ASKING PRICE
The Lab had spent over $2 million in equipment and set up. The in-place value of the equipment...