TEST+ Recession Proof. 30+yo Drug Testing Co set for Growth!

Ohio
listing image
Sale Pending
Asking Price:$175,000
Gross Revenue:$384,846
FF&E:$65,000
Cash Flow:$69,950
Rent:$4,250
Established Year:1988
BUSINESS DESCRIPTION

Here's your chance to acquire a thriving drug testing operation – a business without which organizations across sectors can't operate. From truckers to maritime captains, mandatory substance screening is non-negotiable for keeping the wheels of the industry turning all across the country! They can even have testing scheduled outside of the US through their vast established network.

But compliance isn't a burden here—it's a lucrative opportunity! For MANY, MANY, REASONS. Don't just go by the perfect quarterly scores, this company is involved in the pipeline industry governed by federal regulations as well as all companies who fall under federal regulations. They do the required DOT compliance reports which very few drug testing Third Party Administrators do and have a stellar reputation with the compliance agencies. In fact, not a single one of their clients has ever failed a DOT audit. Additionally, the Ohio Bureau of Workers' Compensation has broadened future customer acquisition opportunities for a new owner as they now will subsidize 66% of the costs of implementing a qualified Drug-Free Workplace program. That's essentially free money to build a profitable testing service. It gets better: integrate their program, and eligible employers could save up to 20% on workers' comp premiums. Who doesn't love delighting clients while fattening profits?

The numbers solidify this venture's rock-solid potential:

- 38-50% of worker's comp claims stem from workplace substance abuse.
- 50-80% of inventory losses are due to employee substance use.
- 15-17% of companies' workforce underperforms due to substance issues.
- Over 90% of addicted individuals are employed.
- Inappropriate substance use costs employers $7,000 annually per affected employee.

A robust testing service is an investment for businesses prioritizing safety, productivity, and asset protection. And you'll be capitalizing on an industry primed for explosive growth:

- Drug testing needs anticipated to swell 10-15% in the next few years amid booming transportation.
- Evolving policies are driving increased random testing requirements.

This company isn't just any drug screening business, however. You'll acquire 30+ years of stellar reputation, expertise, and nationwide on-site testing capabilities. On-site testing is a game-changer, eliminating costly clinics that can devour over 300% of employee wages in lost time and productivity if seen within 10 minutes!

This turnkey operation ticks all the boxes for a savvy investor seeking recession-resistant profits with room for explosive growth.

The statistics speak for themselves - employers across sectors desperately need robust testing services to protect their workforce, assets, and bottom line. And you'll have the lucrative advantage of government incentives for Drug-Free Workplace programs and a nationwide reach to help from day one!


DETAILED INFORMATION
Location
Relocatable
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
3,380
Employees
6
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Facilities: Offices and Collection
Growth & Expansion
The drug testing industry is seeing ever-increasing potential. Ohio Worker's Comp. has the best discount and safety grants in the country. IEBT also specializes in federal Pipeline and CDL truck drivers. New regs always lead to increased testing needs.
Support & Training
Number of Weeks Seller Will Offer Training: 4
Reason for Selling
Retirement
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Brian
Adolph
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Brian Adolph