Laboratory Analysis Business
Greater Boston, Massachusetts
| Asking Price: |
Gross: |
Cash Flow: |
| Undisclosed |
$750,888 |
$155,903 |
Real Estate:
$750,000 (included in the asking price)
Business Summary:
This opportunity specializes in providing various food safety testing and laboratory analysis services to a wide range of end markets throughout the Greater Boston area. The Company employs a professional team composed of certified food safety analysts.
The Company was founded over 40 years ago by the current owner, who remains actively involved in the operations of the Business. The Owner spends approximately 50-60 hours per week as the Company’s lab director.
The Company currently operates out of a facility owned through a related entity. The facility contains office and lab space where the Company’s analyses occur. The facility has an estimated market value of $750,000. Ownership is flexible regarding the sale or lease of the real estate. Ownership ultimately desires to retire but is willing to provide reasonable and customary assistance during the transition period.
Thank you for reading this overview. The extent of the information that we are publicly permitted to reveal about this opportunity is contained in this overview. Please submit your contact information in the provided form. We have automated the processing of NDAs and sending of information for speed and efficiency. You will be sent a link to our online NDA. IF YOU DO NOT RECEIVE THE NDA LINK, PLEASE CHECK YOUR JUNK MAIL. If the email cannot be found, please email [email protected] and request a PDF version.
Once we receive your NDA and answers to some basic questions, the Confidential Information Memorandum (CIM) will be sent to you by the project manager.
IF YOU DO NOT RECEIVE A FOLLOW-UP EMAIL AFTER YOU SUBMIT YOUR NDA, PLEASE CHECK YOUR JUNK MAIL FIRST. If you do not see the email there, please email [email protected] for support. Thank you in advance!
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| Year
Business was Established: 1982 |
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| Number of Employees:
5 |
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Facilities / Terms of Lease:
The Business operates out of a laboratory facility, which also houses office space. The facility is owned by a related entity, and current ownership has prioritized routine maintenance of the building to ensure that it remains in good condition. The facility has an approximate fair market value of $750,000. |
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Potential
Growth/Expansion:
Growth Opportunities Include:
(1) Increasing Food Service Demand: The Company’s services are increasingly in demand as food service establishments continue recovering from the COVID-19 Pandemic. Additionally, new safety standards are being imposed due to the COVID-19 Pandemic.
(2) Expanded Sales Efforts: Presently, the Company’s revenues are driven primarily through long-standing client relationships. Current ownership notes that excess capacity could be satisfied by increasing sales and marketing efforts to grow the Company’s client base.
(3) Massachusetts State Frozen Food Requirements: All frozen food establishments in the state of Massachusetts, retail or wholesale, must obtain licensing through the local health department. The Company can fulfill these testing requirements, presenting further opportunities for growth. |
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Competition:
Investment Highlights Include:
(1) Strong Base of Recurring Revenue: Approximately 85% of the Company’s revenues are earned from longstanding client retainers, which provide significant visibility into the Company’s future operating performance.
(2) Diversified Service Offerings: The Company offers a wide spectrum of services for clients in the areas of food service testing and laboratory analysis, facility health and safety inspections, pest control solutions, expert mitigation and litigation consulting, and more.
(3) Resistance to Downturns: Many of the Company’s services are required, regardless of economic sentiments. Federal, state, and local regulatory agencies mandate routine health and safety inspections of food service establishments. |
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Owner
willing to finance:
Limited Seller-Financing Available for Qualified Buyers. |
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Owner
willing to train:
Ownership is willing to provide reasonable and customary transition assistance. |
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| Reason for selling:
Ownership wishes to pursue retirement. |
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| REQUEST MORE INFO |
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