Geotech / Materials Testing Lab
Location United States
Asking Price Range $2.5M - $5.0M
Gross Revenues $1700000
Net Profit / Cash Flow $255000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1976
Number of Employees 10 - 19
Inventory 2000000
Relocatable Not Disclosed
Number of Employees 10 - 19
Real Estate Owned
Reason for Sale Owner wants to see better work-life balance
Description This 35+ year old laboratory provides testing and inspection services to construction and engineering companies and to the government agencies. It has become a one-stop laboratory due to its wide scope of services in their well-equipped facilities. Laboratory also provides inspection services.
Company's customers are mainly townships, building owners, architects, engineering companies, construction managers, contractors, outside testing labs. Its testing services cover Geotechnical, Environmental, Concrete, Soil, Paint / Sealant / Coatings, and Metallurgical segments and it also offers structure testing and inspections. It is the only lab of its kind in the metropolitan area. The business is housed in a 18,000 sq feet facility owned by the Seller.
It has been certified / accredited by a number of agencies and its certifications include AASHTO, AMRL, ACI (level I and II), ASTM, OSHA, NIOSH Class A Nuclear Laboratory, HAZWOPPER, CCRL, AWS, State Department Of Health, Department of Buildings, NDA.
Company's customers are mainly townships, building owners, architects, engineering companies, construction managers, contractors, and outside testing labs.
Note that the owner can sell the two divisions of the business (GeoTech and Materials) as two separate labs.
Gross Revenue (average past three years): US$1.7 million, Seller's Cash Flow: US $255,000 (average of past three years), Assets (equipment) ~US$2 million plus replacement value (excluding real estate), asking price US$3.1 million (without real estate). Buyer can lease or can buy the property.
Click Here To Contact Seller
|
|