Turnkey Lab Business with High Growth Potential
Business Description
Drug Testing:
This includes a wide array of testing methods, such as:
Urine drug testing: For standard drug panels.
Oral fluid (saliva) testing: For ease of collection and recent drug use detection.
Hair follicle testing: For long-term drug use detection.
Breath alcohol testing.
Testing for prescription medications, illicit drugs, and synthetic substances.
Providing services for:
Employers (pre-employment, random, post-accident).
Legal and court-ordered testing.
Individuals (personal testing).
Treatment centers.
This also involves the ability to perform confirmation testing when needed.
DNA Testing:
This encompasses various DNA-related services, including:
Paternity and maternity testing.
Family relationship testing (siblings, grandparents, etc.).
Forensic DNA testing.
Genetic identity testing.
Ancestry DNA testing.
Providing services for:
Legal cases.
Immigration purposes.
Personal knowledge.
Key Operational Aspects:
Accreditation and Compliance:
Adherence to strict regulatory standards (e.g., SAMHSA, CLIA) is crucial.
Maintaining certifications and accreditations to ensure accuracy and reliability.
Strict adherence to chain-of-custody procedures.
Technology and Equipment:
Investing in advanced laboratory equipment for accurate and efficient testing.
Utilizing sophisticated software for data management and reporting.
Data Security and Privacy:
Implementing robust security measures to protect sensitive patient information.
Adhering to HIPAA and other privacy regulations.
Client Services:
Providing clear and concise reporting.
Offering excellent customer support.
Maintaining confidentiality.
Market considerations:
The market for these services is driven by many factors, including:
Workplace safety regulations.
Legal requirements.
Increasing public awareness of genetic testing.
This includes a wide array of testing methods, such as:
Urine drug testing: For standard drug panels.
Oral fluid (saliva) testing: For ease of collection and recent drug use detection.
Hair follicle testing: For long-term drug use detection.
Breath alcohol testing.
Testing for prescription medications, illicit drugs, and synthetic substances.
Providing services for:
Employers (pre-employment, random, post-accident).
Legal and court-ordered testing.
Individuals (personal testing).
Treatment centers.
This also involves the ability to perform confirmation testing when needed.
DNA Testing:
This encompasses various DNA-related services, including:
Paternity and maternity testing.
Family relationship testing (siblings, grandparents, etc.).
Forensic DNA testing.
Genetic identity testing.
Ancestry DNA testing.
Providing services for:
Legal cases.
Immigration purposes.
Personal knowledge.
Key Operational Aspects:
Accreditation and Compliance:
Adherence to strict regulatory standards (e.g., SAMHSA, CLIA) is crucial.
Maintaining certifications and accreditations to ensure accuracy and reliability.
Strict adherence to chain-of-custody procedures.
Technology and Equipment:
Investing in advanced laboratory equipment for accurate and efficient testing.
Utilizing sophisticated software for data management and reporting.
Data Security and Privacy:
Implementing robust security measures to protect sensitive patient information.
Adhering to HIPAA and other privacy regulations.
Client Services:
Providing clear and concise reporting.
Offering excellent customer support.
Maintaining confidentiality.
Market considerations:
The market for these services is driven by many factors, including:
Workplace safety regulations.
Legal requirements.
Increasing public awareness of genetic testing.
About the Business
- Years in Operation
- 2
- Employees
- 2
- Franchise
- This business is an established franchise
- Facilities & Assets
- The lab is 1200 square feet with three areas for examination. The lab has a front lobby and two additional office areas. It has two computers and one specialized tablet for rapid testing and a breath alcohol machine. It also has several tables, desk, and chairs.
- Website
- https://www.fastestlabs.com
- Market Outlook / Competition
- The drug testing and paternity testing market in Atlanta, GA, is a robust sector, driven by several factors: Pre-employment drug screenings are common, contributing significantly to the drug testing market. Participating in Georgia's Drug-Free Workplace Program, require ongoing drug testing. Legal and Court-Ordered Testing: Court-admissible drug and paternity tests are in demand for legal proceedings. This includes child custody cases, legal disputes, and probation requirements. Drug testing is also used for personal monitoring and peace of mind.
- Opportunities for Growth
- High Demand: Diverse Clientele: Businesses, legal sector, and individuals offer multiple revenue streams. Technological Advances: Rapid testing and automation improve efficiency and profitability. Regulatory Growth: Increased drug testing regulations can create more demand.
Cons (Growth/Expansion): Regulatory Changes: Shifting drug laws and testing standards can create uncertainty. Privacy Concerns: Handling sensitive data requires strict compliance. Startup Cost: lab equipment, certifications, and skilled labor require high initial investment.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 1,200
- Rent
- $2,300.00 per month
- Lease Expiration
- 4/2/2026
About the Sale
- Seller Motivation
- I'm shifting focus to a new, all-consuming project that demands my full attentio
- Transition Support
- Comprehensive Training: Full initial training from corporate. Ongoing Support: Continuous assistance with business management.
Specialized Teams: Access to dedicated marketing and accounting departments.
Operational Expertise: Detailed lab process and procedure training.
Continuous Learning: Ongoing training and national conferences for staying up-to-date. - Financing Options
- Seller financing available
Listing Info
- ID
- 2340995
- Listing Views
- 3303
Listing ID: 2340995 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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