14631279 Construction Materials Testing Lab - Best Offer!!! Joe Kerr 1968 $4,548,318 $791,949 $880,000 44 Full Time Seller will negotiate terms for transition Other business interests and retirement
Business Details
This unique opportunity in a niche marketplace makes sense for the entrepreneur, strategic buyer, or company looking for a well positioned business acquisition that demonstrates a positive cash flow and profits every year. This 43 year old company provides a wide range of laboratory testing services. The professionally trained staff of certified engineers can perform a variety of inspections to their long list of loyal and repeat customers. The company services businesses in the hospitality, recreation, entertainment, military, institutional, and educational arenas, among others.
The primary competitive advantage of this company is name recognition, reputation, long standing relationships with both customers and referral sources and most importantly the licensing and certification credentials of the company and its employees. The state of New Jersey has implemented new requirements for certification for testing laboratories. The company has made sure their inspectors are certified in these areas, allowing them to bid on new federal and state jobs that have been initiated due to the Stimulus Package.
There is a full management team in place that is capable of running company operations on a day to day basis. The company has not developed nor implemented a higher profile marketing strategy but the owner believes with additional marketing, the company’s revenue and cash flow would increase.
The current owners are willing to give the new owner a long term reasonable lease as the property is owned by a separate entity. The business operates out of a 9000 sq/ft facility that is made up of: a fully equipped lab with state of the art equipment, offices, and ample parking for the equipment and employees. The facilities are well maintained and organized. The assets will support significant growth.
Location Details
NJ Mid-Atlantic 3 Bldgs. Space includes:offices, fully equipped lab, and ample parking. Own No Monday-Friday
Broker's Comments
Real Estate is owned by related company and a fair and long term lease will be negotiated.