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Two Top-Tier Profitable Cannabis Testing Labs in California

California, USA
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Businesses For Sale | Other Cannabis, CBD, & Hemp Businesses For Sale

Listing ID : 425914

Posted on December 18, 2023 View Count 15

Price :
$3,900,000
Business Financials & Assets :
Furniture, Fixtures & Equipment (FF&E) Included:
Yes
Property Details :
Business Details :
Number of Employees:
35
Absentee Owner:
No
Business Can Be Moved:
Yes
License Included:
Yes
Real Estate:
Leased
Terms :
NDA Required:
Yes
Broker Co-Op:
Yes
Broker Co-Op Commission:
40%
Reason for Selling:
Pursue Other Business Ventures
Equipment Specifications :
Company Overview :
Franchise Overview :
Description :

These two cannabis and hemp testing laboratories serve customers throughout California using state-of-the-art equipment to provide the highest level of customer satisfaction while maintaining compliance with state regulations. They are ISO 17025:2017 accredited with current State and Local licenses.

The owners have created an excellent culture and have a seasoned staff with key employees expected to stay on after the transition. Owners are willing to stay on for however long is needed to ensure a smooth transition for clients, staff, and new ownership.

Testing services provided by the laboratory include but are not limited to –

• Terpenes
• Pesticide
• Potency
• Microbial
• Residual Solvents
• Mycotoxin
• Heavy Metals
• Water Activity

In 2021 and 2022, the company experienced more than 50% growth in revenue. The low overhead in comparison to peers and below-market rent offer an attractive investment opportunity for a buyer looking to enter the cannabis testing industry. The labs are profitable and trending for additional growth in 2023.

There is a significant growth opportunity when CBD becomes regulated for testing similarly to cannabis, and this lab is poised to capitalize on this opportunity. They are ready for Psychedelic testing once legislation for testing methods/standards is passed in California. This is your opportunity to step into a business that has laid the foundation to be successful in a booming industry.

 

High Selling CBD / THC Store in Naples, Fl $850,000
High Selling CBD / THC Store in Naples, Fl

6355 Naples Boulevard, Naples, FL, USA

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Transworld Business Advisors
License:CA DRE# 02099546, NCREC# 348223

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