Tech-2558: Fairly New, Clinical Lab in NJ For Sale – Molecular and NGS Assays

Molecular, NGS, Covid Diagnostics – Novitas MAC- Brand New Equipment – High Throughput Capability


clinical sampleThis is a CLIA and COLA-accredited, state-of-the-art, beautifully designed reference laboratory. It specializes in molecular testing, including NGS testing. The serial entrepreneur owner invested his own money and bought the Lab over a year ago. He then completely refurbished the lab and brought in brand-new equipment for high-volume processing. At the height of the COVID pandemic, the Lab for a short time processed 6,000 samples per day. Currently, they are doing about 200 samples a day of Covid and non-Covid tests. The staff is well-trained in customer service and in running the Lab efficiently, with all standardized protocols being in place by the team of three consultants and a lab director. The current state audit gave them a perfect rating with absolutely no deficiencies. They offer PCR RPP, COVID, and UTI testing currently. They have PGX, CGX, and NGS Capabilities, and soon they will complete the validation process to offer more services.

The lab had a revenue of about $2.1M in the first ten months of 2022 and a net profit of about $1.7M. The buyer will inherit its current clients and ongoing revenue. However, the seller is not factoring this into the pricing.  It is up to the buyer to maintain the current clients and grow the business. The Seller is a serial entrepreneur, and he is looking at bigger ventures, hence selling this business at a very reasonable price of $2.75M.

HIGHLIGHTS

  • – Very modern Lab with brand new equipment for a high volume testing of molecular tests, including NGS tests
  • – Great location in NJ – In favorable Novitas MAC
  • – Designed for high throughput – 10 accessioning computers and stations
  • – Includes two miniseeks, 12 Biorad Thermocyclers, Quantstudio 12 Flex, two Kingfisher Flex, three Opentrons
  • – Comes with existing business – Revenue $2.1M, Net Profit $1.7M (in 10 months of 2022)
  • – Serial entrepreneur owner looking to sell the Lab quickly to focus on his other larger ventures

PRICE

This Lab is priced to sell at only $2.75M. Despite the significant profit this year, we have not used EBITDA multiple here as the seller wants to sell this Lab quickly to focus on his other activities.

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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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analytical lab