Lab Testing Franchise Opportunity
| Asking Price: | $72,000 |
| Established Year: | 2023 |
FIRE SALE: owner has another business that is exploding and does not have the time to manage this one. You get two territories one in Palm City and one in Fort Pirce. Palm City is fully equipped and up and running, Fort Pierce recently closed but all of the Furniture-Fixtures & Equipment are being stored in the back room of the Palm City Location, to make for an easy 2nd location opening in weeks. Here is the big savings: it would be $101,500 for TWO (2) territories if purchased from the franchisor, plus the cost of the FF&E for two locations, and the lease hold expense of the Palm City location. So don’t miss out on this truly once in a life time opportunity.
The drug screening market is a $6.2 billion giant! Seize the ability to dominate the Treasure Coast of Florida by owning a turnkey lab testing franchise ready to generate revenue from day one! The seller is highly motivated and is offering the buyer the opportunity to save $50,000+ on this transaction.
The seller successfully launched a location in Palm City and in less than one year, without significant marketing efforts, has secured 25 recurring revenue contracts. A second location was opened in Fort Pierce but closed due to staffing challenges. All the assets required to reopen a location in Fort Pierce are included in the sale.
The business provides essential lab services, including drug and alcohol testing (via urine, saliva, hair and nail samples), DNA testing, STD testing, background checks and fingerprint scanning – services that go beyond the franchise’s standard offerings. The business targets manufacturing and construction companies, nursing and trucking schools, athletic programs, trucking companies and CDL drivers, senior and home care facilities, golf clubs, Amazon, landscape companies and any other business that hires lots of employees.
Drug testing and background checks are a crucial service required by many businesses for new hires and existing employees (drug free workplace), with some businesses needing frequent testing.
The current owner operates the business solo, but a new owner could easily scale by hiring a qualified employee or involving a partner or spouse to manage the day-to-day operations while focusing on networking and marketing within the community.
The Palm City location is turnkey and walk-in ready from day one. All necessary furniture and equipment are included should the buyer wish to open a second location immediately.
The rent for Palm City is very reasonable at $1,600/month and the owner has expressed interest in renting back the storage space for $500/month, effectively reducing the rent to $1,100/month.
Interested buyers must pre-qualify with the seller by providing a Personal Financial Statement (PFS) and a resume. The franchise transfer fee of $10,000 per territory is INCLUDED in the selling price. The buyer is responsible for a $1,000 application fee payable to the franchisor.
