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- 2 years ago, ANDbio landed a MAJOR account with a MASSIVE, multinational Life Sciences corporation. We started asset management at a small, regional level. Now we are traveling all over the country and even Europe and Asia.
ANDbio is a used scientific equipment specialists. We have 3 warehouses with over $5 million in equipment assets.
REPURPOSE - REUSE - RECYCLE Program (R3):
We manage site closures,
Recover, transport, inventory and store those assets
At ANDbio.com, employees of the corporation can view all of their company's surplus assets and order them to be send to their lab.
Allowing companies to REPURPOSE AND REUSE their assets instead of disposal or donating. For equipment that is obsolete or broken, we RECYCLE every part possible and report total land fill avoidance by weigh.
And we do all of this at NO COST to our clients. We collect our fees in the form of commissions when equipment sells to a 3rd party or in small ""repurposing fees"" when the asset is transferred to another lab in the company.
We have many other small clients that provide equipment on consignment, we typically DO NOT purchase equipment. We hold it on consignment. And we need more space. We want to combine our 3 warehouses into ONE large warehouse with extra room to grow.
We are seeking $1.5 M to purchase a property with a large warehouse and yard for the purpose of storing equipment, repairing equipment and providing administrative office space.
Last year, our Net sales were $1.2 million. This year we are on track to hit $2 million. We operate at about 40% Net Income Margins (before taxes) for the past 2 years. However, it would be EVEN HIGHER if we used accrual accounting and capitalized the purchase of trucks, forklifts, pallet racking and custom software.
We have two other smaller branches business with HUGE potential. We are growing those sectors.
- Moving high tech equipment
- Repairing refrigerators, freezers, and other lab equipment
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