Business Description

This Lab, specializing in comprehensive Cannabis testing and with potential for expansion into other testing areas, has seen steady revenue growth since its inception due to strong marketing efforts, gaining new customers, and a competitor closing down. With current revenue at $920K, projected revenue of $1.1M, and $160K in SDE, there is room for further growth, especially if Maine mandates cannabis testing for medical use. The Lab's modern facilities, efficient operations, and underutilized space make it an attractive investment opportunity for a growth-oriented buyer seeking to enter or expand in the testing market. The Lab's owners, looking to retire, are offering the Lab at a discounted price of $1.375M to pay off external debt, presenting a valuable opportunity compared to the time and costs required to set up a new lab from scratch. With limited competition in the state, potential regulatory changes, and additional testing capabilities such as hemp-CBD and food microbial testing, the Lab provides a solid foundation for