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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.
Contact Jeff Adam, PE, MCBC, FRC, CBB at Adam Noble Group, LLC
Phone: (817) 467-2161
https://adamnoble.com
During 3 decades of M&A service, Jeff Adam has successfully completed the sale of over 825 businesses and advised or completed 1,000’s of business valuations and exit plans. An entrepreneur in his own right, he has started and grown 12 companies in fields including international finance, B2B services, business valuation, construction, screen printing, Mergers & Acquisitions, engineering, and manufacturing. Jeff has donated his time as a distinguished speaker at numerous national & international conferences since 1977 covering topics such as environmental services, engineering, media, craft breweries, exit planning, business valuation, charitable giving, management, business brokerage and M&A fields.
Jeff is President of Adam Noble Group, LLC, a national M&A Advisory firm, professionally valuing, exit planning, and confidentially selling profitable businesses owned by exit-motivated business owners to qualified strategic, corporate, private equity, partners, management, and financial buyers. The team establishes rapport, builds trust, and educates business owners in the steps to meet their goals as they prepare and achieve the discreet, confidential exit of their business. The firm exclusively represents sellers of $1M-50M value enterprises and endeavors to transfer their businesses to qualified, capable acquirers who will build upon the seller’s vision, goals, culture, and history. Jeff maintains lifelong repeat and referral relationships with sellers, their acquirers, and service providers.
Adam Noble Group has multiple M&A and business broker specialties: Manufacturing, Aerospace Defense Industry, Oilfield services, Technology, Construction trades, Craft Breweries, Partnership Buyouts, Service, and Wholesale Distributors.
We have successfully exited our own companies … we have walked in your shoes! Let us put the BIGGEST CHECK of your life in your pocket! Please contact us and we will confidentially answer all your questions. We will fully describe the process and answer all of your questions, all discreetly and with no pressure.
Our GUARANTEE: a 15-minute call could REALLY change your future! A few years of advance planning can 2x, 3x, 5x or even 10x your business value!