Growing too fast for current owner

Business is a 9+ year old, well-established B2B drug and alcohol test sample mobile collection service serving major oilfield companies, railroad, medical, wellness and business communities. 24 hour, 7 days per week service is provided primarily in west Texas and east New Mexico. Medical licensing is not required to collect test samples; collectors are DOT (Department of Transport) certified to collect the samples. 90%+ of samples are collected at the job site, accident/incident site or other designated locations. Revenues are approximately 55% drug screens and approximately 45% breath alcohol testing. The business is NOT a laboratory and DOES NOT provide lab services; the business is collects samples for testing by a laboratory.
The business has developed an excellent reputation for professional, prompt service at fair prices. Demand exceeds current capacity. The business is poised for continued growth and expansion. The business has excellent books and records and well-defined operating procedures. The business has an excellent safety record. Employees are trained and well-experienced with long tenures in the industry.
The business does not require a retail location and can be relocated. The current operating space is low cost. The business model is very successful and a new owner should consider continued expansion by hiring additional/training collectors. The Price for the assets of the business is $250,000 with $60,000 down & the balance commercial and seller-financing to a qualified buyer. The seller is willing to finance up to 20% of the purchase price to a qualified purchaser if required by a commercial lender. All financing is to be personally guaranteed by the purchaser.

Posted Sep 23, 2014

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