The premiere DNA and drug testing company in the North Texas area. They collect samples to ship to the lab. (Under federal law, the collecting company and lab must be separate entities with no legal or employee ties.)
Any type of DNA, drug or alcohol test is performed in a professional and timely manner. From two convenient locations, the company serves the Dallas and Fort Worth area, as well as all the surrounding counties.
This company specializes in drug and DNA testing in legal cases but also provides testing for employers (Federal/DOT and Non-Federal) and private individuals. Majority of the business is from Judges and attorneys naming the company in court orders to conduct all testing in cases. A secondary and primary client is the drug testing for Child Protective Services.
A pressing need for these services has kept this business growing steadily since the company’s inception. This business is recession proof since more Americans use illegal drugs during a recession. That pressing need is not likely to change, which means the growth continues, despite almost no effort at marketing or promotion. Drug testing companies specified in court orders now carries with it judicial immunity. This is case law established in Texas by the owner of the company.
Dallas and Fort Worth, TX (Dallas County)
Asking Price: $975,000.00
Gross Income: $910,000
Cash Flow: $303,000
Furniture, Fixtures, and Equipment ( FF&E): N/A
Competition: Although there are many drug companies in the area, SureScan, which has been around a very long time, is the greatest competitor in Colling County north of Dallas. They take no cases in Dallas County, where this company has the vast majority of the business.
Growth & Expenses: The future is extremely promising. The company will continue to grow with very little effort on the new owner’s part, due to continued referrals from the judicial system. An existing drug testing company as a buyer could merge the two companies and dramatically increase revenue for both entities.
Financing: 10% if SBA required
Support and Training: Up to 6 months, if needed, Monday through Friday—not available on weekends. Owner expects the new owner to feel comfortable before the 6 months is up but is willing to be available up to a year.
Reason for Selling: Retiring