Contract Research Org, Clinical Trials. So Cal
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Background
| BizEx ID: | BizEx1315-EM |
|---|---|
| General Location: | So Cal, CA |
| Category: |
Health, Medical & Dental Business Services (B2B) |
| Years in Business: | 18 |
| Under Present Owner: | 18 |
| Hours of Operation: | 7:00 am - 6:00 pm |
| Owner Hours: | 8:00 am - 5:00 pm |
| Training: | 8 weeks @ 30 hours |
| Organization Type: | C-Corp |
| Lease Expiration: | 2024 |
| Lease Options: | |
| Building Size: | 11,000 |
| Employees: | 15 |
| Reason for Sale: | Retirement |
Financials
| Asking Price: | $7,000,000 |
|---|---|
| Down Payment: | Negotiable |
| Gross Sales: | $6,000,000 |
| Discretionary Cash Flow: | $1,500,000 |
| FF&E: | TBD |
| Inventory Included? | Yes |
| Inventory: | TBD |
| Min. Operating Capital: | TBD |
| Real Estate Available? | No |
| Rent: | $33,770 |
| Payroll: | $106,874 |
| 2019 | |
|---|---|
| Gross Sales | $ 6,000,000 |
| Gross Profit | $ 4,000,000 |
| Disc. Earnings | $ 1,500,000 |
Pictures
Description
Clinical Research Organization - Clinical Trials Company based in Southern California
For almost 20 years, this company has provided the following niche services for the medical industry:
- Clinical Project Management
- Clinical Monitoring
- Medical Monitoring and Medical Safety
- Clinical Data Management
- Biostatistics
- Medical Writing
- Regulatory Affairs
- Quality Assurance
This company has a strong, well respected Management Team in place with decades of various industry skills. They have well organized processes in place, a great team, and room for expansion.
For more information, please complete the Buyer Registration at https://www.bizex.net/buy-business/register.
Eric Mellem, Business Broker; (310) 293-6414, emellem@bizex.net. Dan Higgins, Business Broker; (714) 719-1809, dhiggins@bizex.net
Disclaimer: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.
