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California
Asking Price
$75,000
Revenue
Call/Email
Down
$75,000
Cash Flow
Call/Email
Name: Sasa Milosevic
Phone: Show phone number
Name
Sasa Milosevic
Phone
Show phone number
Posting ID:
280571
Attributes:
Broker Cooperation
Owner/Seller Financing
Relocatable
Tangible Assets Sale Only
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California
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Big, spectacular clinical laboratory, fully equipped for infectious diseases testing, chemistry, and toxicology, with active Medicare and Medi-Cal. Seller is motivated to any deal and note. Business can be purchased with very little down plus there is nearly 2M write off opportunity on corporate books. Over two years established, serving cash and Medicare/Medi-Cal patients (other insurances pending). Laboratory is in Southern California, in the property of 3,000 Sq.Ft. leased until end of 2029, with 5 years option. Lease Is $3,000/month. Nine full-time W2 Employees, two part-time, payroll $70,000 month (two working owners) Equipment worth about $1,550,000 is in price included. Perfect buyer would be a partner who has own accounts or marketing plan – so the laboratory capacity can be used. On current P&L are lot of non-related and overhead costs: space for lot of improvement and costs cut are available. New accounts and fresh blood are the must. However. Due lot of investment, new shareholder can have 1.5M write-off potential from his future taxes. Lab is pro-forma appraised for pure replacement value: 2M total, with 1M down and 1M seller’s note – however seller is open to all ideas and offers, very flexible
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Clinical laboratory, fully equipped for infectious testing, with 16 active insurance contracts. Two years established, new lab, never billed, but ready to start today. Laboratory is in Illinois, in the property of 2,000 Sq.Ft. leased until end of 2026, with any option. Lease Is $2,250/month. Landlord is the business seller himself. Two W2 Employees (General ant Technical Consultant), payroll $3,000 month. Medical Director $2,000 month. Equipment and Inventory worth about $100,000 is in price included. List of in-network insurances: 1) MEDICARE 2) BLUE CROSS BLUE SHEILD 3) MEDICAID 4) MOLINA HEALTHCARE OF ILLINOIS 5) AETNA BETTER HEALTH 6) MERIDIAN HEALTHPLAN OF ILLINOIS, INC 7) MERIDIAN TOTAL 8) BCBS MMP 9) BCBS MLTSS 10) COUNTYCARE 11) YOUTHCARE 12) FIRST TRANSIT INC 13) BLUE CROSS BLUE SHEILD FAMILY HEALTH PLANS 14) BLUE CROSS COMMUNITY OPTIONS 15) AETNA 16) UNITED HEALTHCARE Reason for sale is owner’s need to focus his other businesses and be just the good landlord.
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$ 650,000
For sale is a high complexity CLIA with certificate of Compliance, in good standing, with a medical director, equipment, and big customer database. Medicare is active, however offered for transfer only. It has a good reputation and is equipped for PCR + genetic. Lab is not serving accounts currently, due move out of state (as a pure software company) – however very active with clinical research and software development (proprietary LIS for paperless lab and support available). That part of business, and corporate shares are not for sale. Company made $5M+ gross, and $2.8M net in 2023, however 75% was from COVID. The rest was molecular and cancer testing. After decision to move, and without COVID, owner decided to stop any testing, in September 2023. The extremely satisfied customer base of over 400 referring physicians is available for the new owner. Seller shall make worm introduction of new owner to all former accounts. Even though no promises are made, and all promotion shall happen in good faith – this fact is huge unique selling proposition. New owner will have equipment, staff, licenses, and initial customer base to start fresh “new” lab. “New” because the name, band, and shares are not for sale. Just licenses, business assets, and goodwill. Laboratory is located in Irvine, California, in the property of 3,000 Sq.Ft. conveniently parted in 3 separate suites (separation for the new owner possible). Leased year by year. Lease Is $5,000/month. Business has 7 employees, including Lab Director (seller herself), for $3,000/month. Equipment worth about $500,000 is in price included. Equipment and fixture list: - 2 Automation of cap opening and aliquoting from collection tubes to 96-well plate - 1 Kingfisher - 1 Centrifuge - 2 Quantstudio 5 - 1 Quantstudio 7 - Freezer and Refrigerator - 3 BSL hoods - 2 PCR set up dead-air hood - Automated Plate Stamping for 96 well plate and 384 well plate. Call Manhattan Biz broker Sasa Milosevic for more details or similar opportunities
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