Business Category: Miscellaneous Services
Cash Flow: $211,141
Founded over 30 years ago, this Company has provided numerous clients with a variety of analytical laboratory and environmental consulting services. The business has built a network of strategic alliances that expand the firm’s capacity, provide broad geographic coverage, and enhance analytical testing and other deliverables related to air, radioactive/mixed waste, explosives, perchlorate, sediments, and tissue.
The laboratory maintains accreditation from ISO/IEC, Michigan Department of Environmental Quality for drinking water analysis, State of Wisconsin Department of Natural Resources for environmental sample analysis and Department of Defense Environmental Laboratory Certification (DoD ELAP) for federal work.
Opportunities For Growth:
1. Additional Projects from Federal Clients: while the Company already provides several services to federal agencies, there are several opportunities to provide more services through contracts with Army Corps of Engineers, National Park Service, Bureau of Reclamation, EPA, Air Force, NASA, and Dept. of Agriculture.
2. Targeting Mining Companies: Management believes there is great expansion available through more work for mining companies. The Company could expand the number of service offerings available to this clientele to garner more business.
3. Search Engine Optimization: While the Company has a website, it is not highly ranked on Google. A focused SEO and marketing campaign would allow for more web traffic and customers.
1. Diversified Customer Base: The Company serves a widely-diversified customer base in terms of size, location and sector. The firm can provide tailored solutions to federal agencies, engineering firms, private individuals, and more. This diversified clientele is one of the driving factors for the Company’s stable revenue generation.
2. Excellent Reputation with Long-Standing Clients: Several long-standing customers of the Company are appreciative of the top quality services provided. Years of consistent and high quality lab analysis and environmental consulting have built a well-known and well-respected brand.
Real Estate Available: For Sale
Reason For Sale: The Company’s co-founders and owners have advanced in age and are seeking to transition into retirement. The current owners are willing to assist a new owner for a reasonable time period to ensure a smooth exit from the business.