LA County Independent Research Center For Clinical Trials For Sale

Business description

Established Clinical Trials Business in South LA County. Seller Financing Available

This profitable and established clinical trials business (also knows as a Site Management Organization or SMO) has been in business since 2005. Site has conducted Phase II through Phase IV trials for a variety of pharmaceutical companies and clinical research organizations.

Site is currently conducting three trials and has two trials set to start in the near future. Site has developed a strong reputation and good relationships with sponsors so new trials are acquired without significant marketing.

Sellers are at retirement age and are in the middle of a real estate development project but they and their experienced site director will provide a generous training period to ensure a smooth transition and the continued success of the site. Training program would cover all aspects of the business, including:
• General Administration
• Pre-Study Qualifications
• Regulatory Requirements
• Protocol Start-Up
• Investigator Meetings
• Study Conduct
• Sponsor Visits
• Study Close Out

The CRO and SMO industries are relatively young and are expected to grow significantly over the next decade due to a growing reliance on outsourcing clinical trial work to subcontractors. This opportunity could be an ideal acquisition for a physician who would perform principal investigator duties. And depending on the buyer’s qualifications, the sellers are willing to provide seller financing.

Sales (2009): $940,000
Seller’s Discretionary Cash Flow (2009): $569,000
Asking: $1,600,000

Disclaimer: The information above was furnished by the seller. Sunbelt Business Brokers of Orange Coast or its agents have not verified the information and makes no representations as to its accuracy or reliability.

For more information call John Wilson at Sunbelt of Orange Coast at ------------. Email: ----@-------------.---. ---: ------------.

For a complete listing of our currently available business opportunities go to: ---.-------------.---

Property information

Real Estate:

Lease

Premises details:

1500 sq ft, $2000.00

Business Operation

Reasons for selling:

retirement.

Employees:

Full Time: 2, Part Time: 1

Years established:

7

Other information

Financing available:

Downpayment Required: $0
Financing is Available

Furniture / Fixtures value:

$5,000 (included in the asking price)