Good Reputation Lab with Large Customer Database, Equipped for PCR/Gen

Irvine, CA

Seller Financing Available

listing image
Asking Price:$650,000
FF&E:$500,000
Rent:$5,000
Established Year:2019
BUSINESS DESCRIPTION

High complexity CLIA with certificate of Compliance, in good standing, with Medical Director, Equipment, and big customers database. Medicare is active, however offered for transfer only.

Lab is not serving accounts currently, due move out of state (as a pure software company) – however very active with clinical research and software development (proprietary LIS for paperless lab and support available). That part of business, and corporate shares are not for sale.

Company made $5M+ gross, and $2.8M net in 2023, however 75% was from COVID. The rest was molecular and cancer testing. After decision to move, and without COVID, owner decided to stop any testing, in September 2023.

The extremely satisfied customer base of over 400 referring physicians is available for the new owner. Seller shall make worm introduction of new owner to all former accounts. Even though no promises are made, and all promotion shall happen in good faith – this fact is huge unique selling proposition.

New owner will have equipment, staff, licenses, and initial customer base to start fresh “new” lab. “New” because the name, band, and shares are not for sale. Just licenses, business assets, and goodwill.

Laboratory is located in Irvine, California, in the property of 3,000 Sq.Ft. conveniently parted in 3 separate suites (separation for the new owner possible). Leased year by year. Lease Is $5,000/month.

Business has 7 employees, including Lab Director (seller herself), for $3,000/month.

Equipment worth about $500,000 is in price included. Equipment and fixture list:
- 2 Automation of cap opening and aliquoting from collection tubes to 96-well plate
- 1 Kingfisher
- 1 Centrifuge
- 2 Quantstudio 5
- 1 Quantstudio 7
- Freezer and Refrigerator
- 3 BSL hoods
- 2 PCR set up dead-air hood
- Automated Plate Stamping for 96 well plate and 384 well plate.

Call Manhattan Biz broker Sasa Milosevic for more details or similar opportunities.


DETAILED INFORMATION
Location
Relocatable
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
3,000
Lease Expiration
01/01/2025
Employees
7
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Financing
$250,000
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Sasa
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Sasa Milosevic