Pre-Marketing Company to Gauge Sale Interest - Diagnostic Laboratory

searcher profile

July 01, 2020

by a searcher from The University of North Carolina at Chapel Hill - Kenan-Flagler Business School in Philadelphia, PA, USA

We currently own a diagnostic laboratory. I restructured it last year and this version is quite profitable. The company requires full-time, on-site management to achieve its full potential. The lab offerings Molecular Diagnostic and Genetic Testing (to include COVID-19), however, the recent growth is due to the large demand for genetic testing. While the lab tests for COVID-19, it is not the reason for our rapid growth. Providing only COVID-19 as a test offering is not profitable, however, it does provide access to groups requiring other tests.

We've outlined a plan to get to $100m in enterprise value, but for personal reasons I cannot move to the location to execute this strategy. I wanted to reach out to the search community to see if anyone is interested in buying this Company and executing on the plan.

In June, the lab had $1.6m of revenue and $1.0m EBITDA. We have a run rate of $10.8m revenue and $6.2m EBITDA. The lead sales partner owns 40% of the Company and wants to remain part of the lab and continue to drive sales growth. He's made significant relationships with Assisted Living Facilities throughout Florida - a key source of growth.

I have a 1 Page overview here

If you're interested, please go ahead and fill out this form. I'll send an NDA and I'm working on a detailed h investment memo. The intent behind this post is to determine early interest.

3
4
136
Replies
4
commentor profile
Reply by an investor
from Northeastern University in Boston, MA, USA
Tim, I'm interested in taking a look at this acquisition but the form states I need to be given access to fill out the form. I'll follow up with you over email.
commentor profile
Reply by a searcher
from University of Colorado at Boulder in Las Vegas, NV, USA
Tim, Sounds interesting. Look forward to the CIM once we get the NDA in place!
commentor profile
+2 more replies.
Join the discussion