Lab Testing Franchise - Priced Less Than New

Business Overview:

The rise of healthcare consumerism has boosted the fortunes of small businesses opportunities like Any Lab Test Now, who operate independently from the larger providers. This business model is designed to meet the needs of the health-conscious consumer, allowing them to walk right in, get a retail lab test completed within 15 minutes, and get results in as little as 24 hours. It’s discreet, fast, convenient, and without insurance co-pay hassles.

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Property Features and Assets:

1100 sq ft. end unit within a strip mall shopping plaza. It has an outdoor terrace. It has a new buildout which includes the newest franchise upgrades.

Market Competition and Expansion:

This business is different from its competitors because of the excellent customer service. Skilled staff are trained to provide the best service possible to the customers. This has earned the owners many 5-star reviews. This franchise location participates in many community service initiatives. The owner is a lab scientist-therefore, it has been a key differentiator growing the business by upselling customers with lab tests and to give a complete picture of their overall health. The owner has trained the staff to do the same.

There is an expected increase of 20% in the annual growth rate over the next 5 years due to an increase in the public's awareness since COVID-19. More people are health conscious and are looking for convenient lab testing services not covered by insurance. Opportunity to increase B2B revenue as more small businesses are in need of pre-employment drug testing.

Reason for Selling:

The owners are looking to sell this business because they no longer have the availability to devote to the business.

Additional Details:

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