HAWAII GENETICS TESTING LABORATORY
A very successful genetics testing lab in Hawaii is being offered for sale due to the pending retirement of its owner. Due to confidentiality reasons, we cannot disclose the type of medical testing nor the location until a Confidentiality Agreement is signed.
The Company offers its doctor and hospital clients fast and reliable local service. They have all the latest testing equipment and this allows them to use few technicians and thereby be very cost effective.
They have no local competition and believe they have captured about 50% of the current Hawaii market. They have opportunities to increase their Hawaii share, as well as, market to other Pacific islands.
The owner works about 20 hours per week and in 2016 the Business generated over $260,000 of owner’s profits. The business is being offered on a fully turnkey basis.
This would be the perfect business for a medical doctor or scientist to own and operate. It combines the professional satisfaction of providing needed fast patient services and enough cash flow for the owner to really enjoy all of Hawaii’s paradise.
Listing ID: HI Med Test Lab
Location: Hawaii (Island Confidential)
Type of Entity: Corporation
Tangible Assets: $404,700
Asking Price: $750,000
Non-Compete: Two years
Training: Two weeks
Sale Reason: Retirement
REAL ESTATE/LEASE DETAILS
Status: Month to month
Monthly Rent: $3,823
Sq. Ft.: 1,273 ($3.00 per foot)
Excellent market share; limited competition
Sales revenue growth from 2013 to 2016: 19.7%, with continued good growth opportunities
Great return on capital and excellent owner’s cash flow; 48% profit margin in 2016.
Sufficient money to finance a great Hawaii life style.
Owner works about 20 hours per week.
Exciting and interesting area of clinical service
Escape the corporate mentality
Be your own boss.
Growth opportunities include convincing the medical facilities that ship their samples to the mainland to use this Company instead and to market their services to other Pacific islands.
To receive a very detailed Confidential Business Profile, please complete, sign and return this Non-Disclosure Agreement.