Business Overview

Multi-unit Independent Retail Pharmacy with many years of service to its community. Has excellent brand recognition and is run as an absentee opportunity for a new potential owner.
Owner started with one pharmacy in 2014 and has grown the business to a multi-unit mainstay within the community.
Regional competitors are Walmart and CVS. There are a couple independents within miles of each location. Additional growth around adding more pharmacists and pursuing after sales of OTC products.


  • Asking Price: $8,000,000
  • Cash Flow: $1,385,589
  • Gross Revenue: $24,093,000
  • FF&E: $50,000
  • Inventory: $1,250,000
  • Inventory Included: Yes
  • Established: 2007

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:3,000
  • Lot Size:N/A
  • Total Number of Employees:17
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

2 weeks

Purpose For Selling:

other interest

Additional Info

The company was founded in 2007, making the business 15 years old.
The transaction does include inventory valued at $1,250,000, which is included in the asking price.

The business has 17 employees and is located in a building with disclosed square footage of 3,000 sq ft.
The building is leased by the business for $0.00

Why is the Current Owner Selling The Business?

There are all types of reasons why people decide to sell businesses. Nonetheless, the real factor vs the one they say to you may be 2 entirely different things. As an example, they might state "I have a lot of other commitments" or "I am retiring". For many sellers, these factors are valid. But also, for some, these might simply be excuses to try to conceal the reality of transforming demographics, increased competitors, current decrease in profits, or a variety of various other reasons. This is why it is really important that you not rely absolutely on a seller's word, yet instead, make use of the vendor's solution combined with your total due diligence. This will repaint a much more reasonable image of the business's current situation.

Existing Debts and Future Obligations

If the existing entity is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous operating businesses borrow money in order to cover things such as inventory, payroll, accounts payable, etc. Remember that occasionally this can mean that revenue margins are too small. Many organisations come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to think about. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with suppliers that need to be satisfied or might lead to fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the area draw in brand-new consumers? Most times, operating businesses have repeat clients, which develop the core of their day-to-day earnings. Specific factors such as brand-new competitors sprouting up around the area, roadway building and construction, and also staff turn over can affect repeat clients as well as negatively influence future profits. One vital point to consider is the location of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Certainly, the more people that see the business on a regular basis, the greater the possibility to construct a returning client base. A final thought is the basic location demographics. Is the business placed in a densely populated city, or is it located on the outskirts of town? Exactly how might the neighborhood median family earnings impact future revenue potential?