Description of the business for sale
This Company is a biotechnology research based business founded in 1998 with Administrative Headquarters in Central Texas and Laboratories in the Northeastern United States. The Company specializes in harnessing the extreme specificity and sensitivity of Biological Systems to design and build unique and useful nanoscale engineered devices and systems. Through their expertise in Micro and Nanofabrication Techniques, their work focuses upon the miniaturization of lab-scale diagnostic and analytical instrumentation. Principal funding for these research and development projects is provided by a number of research contracts from agencies including The Department of Defense, National Institutes of Health, the Environmental Protection Agency and NASA. The Company also enjoys a close collaborative relationship with a major University and many of its research groups. It also has strong relationships with Biotechnological and Nanomedical alliances providing the Company with access to a wide range of micro fabrication, molecular biology, and biochemistry materials, equipment and facilities.
ADDITIONAL FINANCIAL INFORMATION:
• Financing: 10% Seller Financing - $223,800.
• Inventory: $5,000
• FF&E: $306,510
REASONS FOR SELLING: Owner burnout, Retirement, Seeking New Opportunities
Support / Training provided by seller
Seller is willing to train and consult up to one year at a cost of 100K to 120K annually plus travel.
GROWTH: There is a significant opportunity for growth commensurate with the commercialization of products, assays and technologies developed by this research organization.
COMPETITION: The company conducts biotechnological research with government funded SBIR program in the areas of cellular biology, molecular biology, molecular engineering and biochemistry services. It is one of the top five research firms in the SBIR Program in the Unites States.
Description of the facilities
6000 Sq. Ft laboratory in an office building complex. The rent is $7,690 / month. The lab consists of 1 large lab with 4 smaller lab areas, a conference room, a private office, a break room and a reception area.