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Asking Price$1,850,000
Revenue$1,000,000 Established2013
Cash Flow$414,120 Employees5 full-time
FF&EUndisclosed* FranchiseNo
InventoryUndisclosed* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
In 2013, the CEO of this firm embarked on an innovative idea of bringing a clinical lab service close to the community.  He started building labs in physicians' offices, at a cost that was less than outsourcing the procedures. The benefits also include much quicker turnaround time for the medical provider/s as well as the patient.  As of March  2015, he has already constructed 3 labs and another substantial lab is under construction.  Projected revenue for each of the next 3 years increases dramatically from  $1 million in 2015 to $4 million in 2016 to $8 million in 2017.

The CEO is responsible for licenses, compliance and testing using a turnkey operations approach.

Required Licenses: Business, State
Competition:Physician's office labs (POLs) require supplies, such as re-agents. The amount and cost of supplies depend on the size of the POL. On an average, yearly cost of supplies per POL is about $60,000. This firm is the wholesaler of supplies ordered by doctors.
Growth Potential:Financial Objectives and Projections: the objectives of the business plan are: 1.To raise $1,850,000 to capitalize wholesale operations 2.To maximum purchase discounts and ensure collection of receivables on timely basis 3.To structure company so that it can support clinical consultation business in terms of ensuring supplies and reagents are available when needed.
Training/Support:Market Outlook: The plan is to build labs for blood and urine tests in Doctor's office. This will allow faster service to health and other facilities. Projections are to have at least 10 POLs under construction and/or operational by end of 2015; 20 by 2016 and 40, by 2017. At a conservative average of $62,500 for supplies/reagents, consultation, EPC commissions and retainer per POL, gross margins for the company will be at $625 in the first year to $3.125 million at end of year 3. Competition: The POLs are contracted by this firm to secure their supplies from the company. It is therefore a captive market A savvy buyer will be able to take advantage of this firm’s strong foundation of experience in lab service and construction. The ideal buyer will be an individual or firm who has knowledge, interest or experience in the medical diagnostic industry and wants to turn it into a successful business model.
Seller Financing:Investment Comments: $1,850,000 from 1 investor for 30% equity portions or equal amounts from up to
Sale Reason:Reason for Investment: To capitalize wholesale lab operations.
Ad #62751
Seller Reference #LINDENJ001-N644
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Contact This Seller
Frank Caroselli
(732) 494-6766
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