Lab Testing Franchise-Priced Less Than New
Glen Allen, VA
| Asking Price: | $125,000 |
| Gross Revenue: | $256,000 |
| FF&E: | $85,294 |
| Cash Flow: | $72,500 |
| Rent: | $3,027 |
| Established Year: | 2020 |
Listing ID: 2290194Listing provided by BizBuySell
BUSINESS DESCRIPTION
Owner Operator Needed For Fast Growth
This business is different from its competitors because of the excellent customer service. Skilled staff are trained to provide the best service possible to the customers. This has earned the owners many 5-star reviews. This franchise location participates in many community service initiatives. The owner is a lab scientist-therefore, it has been a key differentiator growing the business by upselling customers with lab tests and to give a complete picture of their overall health. The owner has trained the staff to do the
same.
DETAILED INFORMATION
Location
Glen Allen, VA
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,100
Employees
3
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The business is located in an 1100 sq ft. end unit within a strip mall shopping plaza. It also has an outdoor terrace. It has a new buildout which includes the newest franchise upgrades.
Competition
This business is different from its competitors because of the excellent customer service. Skilled staff are trained to provide the best service possible to the customers. This has earned the owners many 5-star reviews. This franchise location participates in many community service initiatives. The owner is a lab scientist-therefore, it has been a key differentiator growing the business by upselling customers with lab tests and to give a complete picture of their overall health. The owner has trained the staff to do the
same.
Growth & Expansion
There is an expected increase of 20% in the annual growth rate over the next 5 years due to an increase in the public's awareness since COVID-19. More people are health conscious and are looking for convenient lab testing services not covered by insurance. There is an opportunity to increase B2B revenue as more small businesses are in need of pre-employment drug testing.
Support & Training
The Franchisor and Seller will both assist in training the new owner. All management and staff in place for a smooth transition.
Franchise
This business is an established franchise
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