Clinical Medical Trials Co. Great Niche. 20+ Yrs

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Background

BizEx ID:BizEx1315-EM
General Location:So Cal, CA
Category: Health, Medical & Dental
Business Services (B2B)
Years in Business:21
Under Present Owner:21
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:Yes
Building Size:11,000
Employees:15
Reason for Sale:Retirement

Financials

Asking Price:$6,000,000
Down Payment:$6,000,000
Gross Sales:$2,600,000
Discretionary Cash Flow:$500,000
FF&E:TBD
Inventory Included?Yes
Inventory:TBD
Min. Operating Capital:TBD
Real Estate Available?No
Rent:$33,770
Payroll:$106,874

Pictures

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Description

Clinical Research Organization - Clinical Trials Company based in Southern California

For over 20 years, this well-known, highly respected company has provided the following medical services;

  • 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 need marketing expertise to fully realize potential of this operation.  

Buyer should be in the medical industry with knowledge of CRO.

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

 


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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.




Eric Mellem
Business Broker/ M&A Advisor
100 Wilshire Boulevard, Suite 700
Santa Monica, CA 90401
Office: (310) 882-2200 ext 146
Direct: (310) 293-6414
Lic#: 1220802




Dan Higgins
Marketing Consultant
100 Wilshire Boulevard, Suite 700
Santa Monica, CA 90401
Office: (310) 882-2200 ext 166
Direct: (714) 719-1809
Lic#:

Logos Member of the California Association of Business Brokers Member of the International Business Brokers Association Member of the M&A Source Holder of the Merger & Acquisition Master Intermediary designation, M&A Source's highest qualification Holder of the Certified Business Intermediary designation, IBBA's highest qualification Holder of the Certified M&A Professional designation from Coles College Trained by the National Association of Certified Valuators and Analysts to conduct business valuations