This business is an Atlanta-based independent analytical service laboratory that utilizes state-of-the-art instrumentation to deliver comprehensive chemistry and micro examination analysis for various industries, including pharmaceuticals, health & wellness, food & beverage, home and beauty. They are FDA-registered and DEA-licensed (schedule I-V, including controlled substances).
The global laboratory service market size was valued at $200.3B in 2020 and is expected to expand at an annual growth rate of 7.1% within the next three years. The increasing burden of chronic diseases and growing demand for early diagnostic tests are expected to be high impact-rendering drivers for market growth. Additionally, ongoing public concern regarding health and safety, even after the pandemic subsides, are expected to benefit from an economic recovery, as new government regulations affecting a wide variety of products and services and boost demand for laboratory testing services.
This laboratory is well-placed geographically and capitalizes on its close proximity to major corporations, including Coca-Cola, Delta, UPS, Home Depot and Cox Enterprises. As one of the only large testing labs in the Southeast, it has cultivated a multitude of relationships across a wide spectrum of clientele and become the go-to testing facility for many Fortune 500 companies.
It is a well-scaled and operationally sound business with approx. $1.8M in FF&E and impeccably-trained employees who essentially run the day-to-day, leaving the owner’s responsbilities to less time-consuming larger scale strategic planning.