The owner of this well run C&B lab has owned the business over 20 years and is now selling to focus on another business interest. Lab has 8 employees including the owner and wife.
Asking $500k w/o Lava Equipment
Asking $700k w/ Lava Equipment
Owner is a ceramist, waxer, die trimmer and does QC on all the cases before they go out. The owner's wife does the books and some marketing. Owner can be replaced with senior level technician.
There are 5 rooms in the lab: front office, model room, main production room, my privet/work office and the Lava milling room. The lab has 8 fully equipped benches and 6 partially equipped benches. The age of the building is about 18 years old. Business includes over 60 active accounts.
About 65% of the business is from mail order. Equipment includes all lab tools and equipment. Lava machine is for sale separately. Delivery vehicle is used in the business but is for sale separately.
Business discretionary income includes net income, salaries owner and his wife, medical and add backs. Lab owner uses Quick Books for the facials and then they use a separate application to schedule and track all cases.
Lab does about 60% full ceramic crowns and the rest PFM, Gold and Implant restorations. Crowns are high quality and command a high price.
Building has over 2800 sq. ft. with a 3 year lease. The owner just signed a new lease April 2011 for three more years. Lease is renewable.
All Information Is Provided By The Seller And Is Believed To Be Reliable. Versant Business Team, Inc. Or Its Employees Have Not Verified Any Of The Information Or Facts About This Business. Buyer Takes On All Responsibility For Due Diligence Regarding The Evaluation Of This Business. Buyer Is Advised To Talk To Accountants, Cpas And Attorneys Before Making An Decision On A Business Purchase.