Tech–2495: Well-Established, Very Profitable Structural Testing Laboratory in California

Consistently Profitable – Stable Revenues – High Growth Opportunity

testing machine

For over 35 years, this Lab has provided exceptional and trustworthy services. Its revenues and EBITDA have been consistent for the past several years. Its revenue has been between $1.1-$1.2M, and it offers an impressive EBITDA margin of around 40-45%. During the pandemic, its revenue remained stable. 2022 is off to a promising start. The management projects the current year’s revenue to jump by about 25-30% to $1.6M. The steep increase in 2022 is due to successful entry into a new industry segment of building testing. This expansion should bring lucrative new projects in the future.

The Company primarily serves the Southern California market and offers Non-Destructive Testing, Specialized Field Service Testing, Technical Support, and Laboratory Testing. A large part of Laboratory Testing is a niche market of FRP composite testing applications. About 80% of revenue is from Field services, and about 20% is from Laboratory Services. Its primary customers are Developers, Architects, Contractors, and Structural Engineers.

The Company, on average, does around 100 projects in a year. The Company wins many contracts using its well-developed templates and selectively bidding on promising opportunities.

FINANCIALS

Revenue: $1.25M (2021); $1.6M (2022 projected)
EBITDA:   $541K (2021); $720K (2022 projected)
Asking Price: $2.25M – Debt Free

KEY FEATURES OF THE LAB

 – Consistently profitable, high EBITDA margins
– Excellent growth potential
– Established network of loyal business sources – steady pipeline year after year
– Market niche, quality equipment, and motivated staff
– Three decades of developed intellectual property
– Well-organized staff and managers to oversee day-to-day work and site work
– Rich Intellectual Property consists of numerous templates for reports and proposals

REASON FOR SALE

 After running the business for thirty-five years, the owners want to retire and spend more time traveling and with family,

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Note: When inquiring about the lab, please email from your business address, and provide some details about your background, your company, and your ability to buy this lab.

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lab scientist