VA-Emerging Lab Testing Franchise For Sale

This lab testing franchise provides you with the opportunity to take control of your health. Offering a comprehensive variety of lab tests, and results that are typically back directly to the customer within 24-48 hours! The customers' time, convenience and confidentiality is very important. The goal is to provide access to thousands of testing options such as blood, paternity, allergy, DNA, drug screens, vitamin injections and many more! It’s discreet, fast, convenient, and without insurance co-pay hassles.

Total Sales: $256,000

Cash Flow: $72,500

Furniture, Fixtures, Equipment (FFE): $85,294

Inventory: $300

Inventory Included: Yes

Year Established: 2020

Employees: 3

Monthly Rent: $3,027

Square Footage: 1,100

Facilities Information:

1100 sq ft. end unit within a strip mall shopping plaza. It has an outdoor terrace.
It has a new buildout which includes the newest franchise upgrades.

Reason For Sale:

The owners are looking to sell this business because they no longer have the availability to devote to the business.

Training & Support:

The Franchisor and Seller will both assist in training the new owner. All management and staff in place for a smooth transition.

Competition:

This business is different from its competitors because of the excellent customer service. Skilled staff are trained to provide the best service possible to the customers, evident in the many 5-star reviews earned at this location. This franchise location participates in many community service initiatives. As a lab scientist, the current owner has been well positioned to growing the business by upselling customers with lab tests and to give a complete picture of customers overall health. The owner has trained the staff to do the same.

Potential Growth:

There is an expected increase of 20% in the annual growth rate over the next 5 years due to an increase in the public's awareness since COVID-19. More people are health conscious and are looking for convenient lab testing services not covered by insurance. Opportunity to increase B2B revenue as more small businesses are in need of pre-employment drug testing.