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Non-medical drug, DNA testing turnkey lab St. Pete, FL

Southeast, Pinellas County, Florida
Listing ID 266
Asking Price $140,000
Cash Flow N/A
Revenue $18,000

Summary

For Sale By Owner. Booming Industry and Award-Winning Market-Leading Franchise! Plus 2nd undeveloped territory in Northern Pinellas County.

Skip the hardest part of a startup! Simply walk in and begin running your new business. Seeking those desiring to own a distinguished, lightning-fast drug, alcohol, and DNA testing franchise servicing Pinellas County, FL. This business opportunity is the fastest-growing drug testing franchise across the nation. With over 400 sold and 200+ thriving franchise locations and thousands of tests conducted yearly, this opportunity is not to be missed. Fastest Labs of St. Petersburg, Florida. Rare find. Great location, hugely growing area just outside of downtown in new innovation district.

The cost to buy these territories and develop them from the ground up is upwards of $110,000 per location. St. Pete is already open with 1 year of sweat equity put in.

Asset Sale Price for this turnkey running business and second territory, that you will be allotted 18 months time to get opened.

Ideal for owner operator or semi absentee with sales skills. Established Drug testing collection site; Great opportunity to step into a turnkey operation and own and operate your own established drug /DNA testing franchise. Lab is located in a quickly growing area in St. Petersburg, Florida. 2nd to be developed location is potentially an even stronger territory.

No industry experience needed. Complete training provided.

Business hrs M-F 9 - 5. Closed Holidays. Option to open more hours and more days and respond to 24/7 lucrative mobile calls.

Special Features:
-Open since June, 2023 with all of the hard work already put in. Buildout is complete, marketing efforts have been ramped up, several contracts are in place, many more are close to coming to fruition.
-Current active relationship with many major TPA's.
-1 mile from Tropicana Stadium, about to begin a $6.5 billion renovation with required drug testing of workers.
-Established regular walk-in clientele for probation drug/alcohol testing as well as DNA testing.
-Existing excellent online presence
-Award winning Franchise (ranked in the Top 500 franchises in the entire world at #466, ranked Top Low Cost franchise under $150K, ranked as a Fastest Growing franchise)
-Extensive service range includes in-house, mobile, and on-site testing for new employees, D.O.T, athletes, government staff, and individuals.

Operational Highlights:
-Small facility footprint helps in keeping the rent and maintenance costs low, along with minimal staffing.
-No prior industry experience is required. All applicable trainings will be provided by franchise.

Step into a rapidly growing market with an already established reputation and solid operational model. This is an unmatched chance for those aiming to make a mark in the drug and alcohol testing industry.

Note: Net worth and available cash requirements as set forth by the Franchise must be met.

Final Note: Seller is the sole owner operator and has emergency family issues to attend to out of state for an extended period of time. With this being an owner operator franchise, owner would like to transfer to an entrepreneur that can benefit from all of the work and resources put in thus far.

Financial Information

2024 YTD revenue

$21,562

2023 Revenue

$18,000

2023 Cash flow

N/A

2022 Revenue

N/A

2022 Cash flow

N/A

Value Metrics

Asking Price / Revenue (2023)

7.78

Asking Price / Cash Flow (2023)

N/A

Cash Flow / Revenue (2023)

N/A

Facility Information

Is the facility owned or leased?

Leased

Is the facility available to the new owner?

Yes

The facility area

775 ft²

Monthly rent (including CAM)

$2,220

The lease expires

05/2028

Options to renew

1

For years per option

9

Additional Information

Reason For Sale

Family Obligations or Changes

Location

Southeast, Pinellas County, Florida

The Seller financing is available?

Yes

Inventory included

Yes

How much?

$5,000

Employee Information

Full-time employees

Part-time employees

There are ample employees. With the exception of the Seller, it is not anticipated that there will be any employee turnover as a result of a sale:

No

Equipment Information

Details

All equipment is included for St. Pete except a laptop that will be needed.

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