Business Overview

This opportunity is based on 3 Businesses. There is a Prescription Services Co., a
Stand-alone Pharmacy, and a Property Management Co.,

The Prescription Services Co.individually packages medicines for patient needs. They put the medicines in a packet format that contains all the medicine a patient needs for different times of the day. A patient may have medicines that they take two or three times a day and different meds at each time. This makes it so all meds are together for each of the times they need them to be taken.

This Service is used by memory care facilities, rehabilitation facilities, group homes, independent living facilities, home health care, senior centers, private corporations, church groups, adult day care, halfway houses, intermediate care facilities, centers for the mentally impaired, Hospice, assisted living facilities, and other forms of congregate living arrangements.

The Pharmacy is a complete full service pharmacy. The encompass full prescription needs including Covid Shots, Flu Shots, medicines, medical equipment, homeopathic remedies, vitamins, and over-the-counter needs, etc.

The Property Management Co. is set up to oversee the properties that are involved with the properties the three businesses are on as well as a building with rented out offices.

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Financial

  • Asking Price: $6,000,000
  • Cash Flow: $1,049,974
  • Gross Revenue: $3,916,830
  • EBITDA: N/A
  • FF&E: $226,984
  • Inventory: $500,000
  • Inventory Included: N/A
  • Established: 2003

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:13
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This is a great property in a very high traffic area. There is plenty of parking and convenient access. The property is just over one acre and consists of two buildings. Each building has just less than 5,000 (4,996) sq. ft. They contain a total of five suites for lease. The front building consists of two suites. One iss 3,345 sq. ft. and is occupied by the pharmacy, which pays $70,998 per year.The next suite is 1,645 sq. ft. and is being leased out which pays $29,700 per year. The back building has 3 Suites. one suite is 1,295 sq. ft. and is being rented by the prescription services co. for $39,762 per year. The 2nd suite is being held for additional expansion of the prescription services Company, and the other suite is 2,072 sq. ft. and is being leased by another doctor at a rate of $33,151 per year.

Is Support & Training Included:

The owner will provide 3 months of free, onsite training as well as up to 6 months of free phone consultation on an as-needed basis

Purpose For Selling:

Owner Retiring

Pros and Cons:

There are some pharmacies in the area, but none are established like this one. The prescription service has no similar competition in the area

Opportunities and Growth:

The Pharmacy should have solid growth over the next 12 months and Advanced Prescription Services should have tremendous growth by setting up additional senior facilities.

Additional Info

The company was started in 2003, making the business 19 years old.
The deal shall not include inventory valued at $500,000*, which ins't included in the suggested price.

The company has 13 employees and is situated in a building with estimated square footage of N/A sq ft.

Why is the Current Owner Selling The Business?

There are all kinds of reasons why people choose to sell operating businesses. However, the real factor and the one they say to you may be 2 totally different things. As an example, they might state "I have too many various obligations" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these might just be justifications to attempt to hide the reality of changing demographics, increased competitors, current decrease in profits, or a range of various other factors. This is why it is extremely important that you not count entirely on a seller's word, but rather, make use of the vendor's answer in conjunction with your overall due diligence. This will repaint a more reasonable image of the business's current situation.

Existing Debts and Future Obligations

If the current business is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your offer. Numerous operating businesses borrow money with the purpose of covering points like supplies, payroll, accounts payable, etc. Bear in mind that occasionally this can indicate that profit margins are too thin. Numerous companies fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future obligations to think about. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that must be satisfied or might cause penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the area bring in brand-new consumers? Many times, operating businesses have repeat customers, which form the core of their day-to-day earnings. Particular factors such as brand-new competitors growing up around the area, roadway building, as well as personnel turn over can influence repeat consumers and negatively influence future incomes. One crucial thing to take into consideration is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Obviously, the more individuals that see the business on a regular basis, the greater the chance to develop a returning consumer base. A last thought is the basic area demographics. Is the business placed in a largely inhabited city, or is it situated on the outskirts of town? Just how might the neighborhood average family income effect future revenue potential?