COLA Laboratory w/ Guaranteed Volume & Profits

Plano, TX (Collin County)
Asking Price: $2,500,000
Business For Sale Details
Listed on Aug 14, 2024

**Profitable Texas Laboratory for Sale: Turnkey Molecular and Toxicology Testing Facility**

Discover an exceptional opportunity with this fully operational, high-complexity laboratory based in Texas, specializing in molecular and toxicology testing. Accredited by COLA, CLIA, Medicare, and Medicaid in TX, NV, and OH, this turnkey operation includes a seasoned team led by a Board-Certified Lab Director. The facility is primed for immediate acquisition and is operational, bypassing the typical setup and accreditation timelines.

**Key Features:**

- **California License**: Approved to receive samples from California.

- **Current Operations**: Conducting 1,400 toxicology screens and confirmations monthly, alongside approximately 100 molecular tests.

- **Expansion Potential**: Anticipates growth with an upcoming acquisition by a pain management practice, expected to add 300-400 monthly toxicology tests.

- **Test Panels**: Validated for toxicology (screening and confirmation), respiratory pathogen panels (RPP), UTI, STI, wound care, and women’s health.

**Accreditation and Quality Assurance:**

- **COLA Accreditation**: Achieved in September 2023, ensuring adherence to rigorous quality and service standards.

- **Experienced Team**: Established management and technical staff committed to continuity and excellence. The billing team offers over 40 years of combined experience.

**Financial and Operational Benefits:**

- **Stable Volume and Reimbursement**: Consistent monthly test volumes and robust reimbursement rates from major payors, including a substantial Medicare client base.

- **Advanced Equipment**: Nearly $1M invested in cutting-edge equipment such as Agilent 6470 LC/MS, AU 480 Screening Instrument, and Quant Studio 12K Flex.

- **Comprehensive Infrastructure**: Includes biosafety cabinets, pipettes, computing systems, refrigeration, and the Labdaq LIS software for efficient information management.

**Facility and Growth Potential:**

- **Spacious Facility**: Expansive laboratory space with minimal rent, offering significant room for future expansion.

- **Market Access**: Opportunities for collaboration with established marketers and active accounts.

This sale offers all operational assets and ongoing business activities, appealing to those entering or expanding in molecular and toxicology testing. Priced for quick sale, accepting cash buyers only due to the owner's interests in other profitable ventures.

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Financials (USD)

Asking Price $2,500,000

Cash Flow Not Disclosed

Sales $2,500,000

Deal Terms

Represented by broker? No

Buyer Fee? No

Seller Financing? No

Willing to co-broke? Available On Request

Principals only? Available On Request

Franchise? No

Management will stay? Yes

Relocatable? Yes

Real Estate? No

Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum. Read DealStream's Terms Of Use before responding to any listing. Learn how to stay safe in our marketplace.

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