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Full Service Drug & Alcohol Screening

Location  Texas,United States
Asking Price Range  $1.0M - $2.5M
Gross Revenues  $542184
Net Profit / Cash Flow  $236272
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  2006
Number of Employees  4 - 5
Inventory  21000
Relocatable  Yes
Number of Employees  4 - 5
Real Estate  Leased
Training  The owner is retiring from day-to-day business management, and wishes to stay involved in the company until the fortunate new owner has a firm footing. There are six on site contractors working with the company. It is highly likely that both contractors a
Reason for Sale  Retirement brings the owner to sell this profitable business.
Description  This company services a growing industry in a thriving region of the country. It is a full service Third Party Administrator (TPA) that offers 24 hour on-site service & in-office collections weekdays. The owners operate the company both hands-on and by an absentee approach. The experienced staff performs drug & alcohol testing, DNA/paternity testing & employer services such as certified background screenings, motor vehicle reports & all necessary Department of Transportation (DOT) verifications. They also assist employers with drug & alcohol policies & answer questions about regulations. They offer DOT & General Workforce testing for all categories as well as individual testing for court/parental issues. They service small companies, large corporations, and city & county municipalities. They've established an excellent reputation with other TPAs across the US, assisting them with collections for their clients every day. These relationships were built by networking through trade association membership, national drug and alcohol testing conferences & through membership in the BBB & local Chamber of Commerce. Business Details The original owners started the business in 2007, & it exploded after the current owners purchased it in 2009. They went from just a few dozen clients to well over 100 with new clients added weekly. This business serves: oil & gas, school districts, city & county governments, hotels, retail, manufacturing, & construction. The owner is moving, leaving a great opportunity for a new owner to step in, make money & start growing immediately! Products and Services Offered The business activities were assembled to provide an assortment of services to best serve their clientele. Approximately 53% of revenues come from drug testing, 11% from alcohol testing, 32% from onsite related charges (mileage & after hours), & 4% divided into: background screenings, DNA/paternity testing, training & DOT/Non-DOT physicals.
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