Laboratory with NJ, NY, and PA licenses, 1M equipm

Clinical laboratory, fully equipped for high complexity toxicology, infectious testing, with active Medicare.

Four years established, serving cash and Medicare patients.

Laboratory is located in New Jersey, New York, and Pennsylvania state laboratory licenses.

Lease:
Property of 16,000 Sq.Ft. can be leased until end of 2035, with 5 years option. Lease Is $8,000 month ($500 CAM, the rest NNN covers landlord). Landlord is sellers’ son.

Employees:
Fully staffed for high complexity testing. 16 full time W2 Employees, payroll $40,000 month.

Financials:
Business is grossing about $1,200,000 per year, adjusted net is just brake even.
.
Equipment worth about $1,000,000 is in price included.

Reason for sale:
Owner wants to retire, lot of space for improvement

With rare NJ and NY licenses and existing clientele/demographic - business has excellent growing opportunities.