Listing Number: 022822-762250
Description
Here's your chance to acquire a thriving drug testing operation – a business without which organizations across sectors can't operate. From truckers to maritime captains, mandatory substance screening is non-negotiable for keeping the wheels of the industry turning all across the country! They can even have testing scheduled outside of the US through their vast established network.
But compliance isn't a burden here—it's a lucrative opportunity! For MANY, MANY, REASONS. Don't just go by the perfect quarterly scores, this company is involved in the pipeline industry governed by federal regulations as well as all companies who fall under federal regulations. They do the required DOT compliance reports which very few drug testing Third Party Administrators do and have a stellar reputation with the compliance agencies. In fact, not a single one of their clients has ever failed a DOT audit. Additionally, the Ohio Bureau of Workers' Compensation has broadened future customer acquisition opportunities for a new owner as they now will subsidize 66% of the costs of implementing a qualified Drug-Free Workplace program. That's essentially free money to build a profitable testing service. It gets better: integrate their program, and eligible employers could save up to 20% on workers' comp premiums. Who doesn't love delighting clients while fattening profits?
The numbers solidify this venture's rock-solid potential:
- 38-50% of worker's comp claims stem from workplace substance abuse.
- 50-80% of inventory losses are due to employee substance use.
- 15-17% of companies' workforce underperforms due to substance issues.
- Over 90% of addicted individuals are employed.
- Inappropriate substance use costs employers $7,000 annually per affected employee.
A robust testing service is an investment for businesses prioritizing safety, productivity, and asset protection. And you'll be capitalizing on an industry primed for explosive growth:
- Drug testing needs anticipated to swell 10-15% in the next few years amid booming transportation.
- Evolving policies are driving increased random testing requirements.
This company isn't just any drug screening business, however. You'll acquire 30+ years of stellar reputation, expertise, and nationwide on-site testing capabilities. On-site testing is a game-changer, eliminating costly clinics that can devour over 300% of employee wages in lost time and productivity if seen within 10 minutes!
This turnkey operation ticks all the boxes for a savvy investor seeking recession-resistant profits with room for explosive growth.
The statistics speak for themselves - employers across sectors desperately need robust testing services to protect their workforce, assets, and bottom line. And you'll have the lucrative advantage of government incentives for Drug-Free Workplace programs and a nationwide reach to help from day one!
Listing Details
- Price: $175,000
- Down Payment: $175,000
- Sellers Discretionary Earnings: $69,950
- Total Sales: $384,864
- Location: Ohio
- Inventory: $0
- FF&E: $65,000
- Employees: 6
- Year Established: 1988
- Reason for Selling: Retirement
- Category: Medical Related Biz
