Listing ID: 69820
This Family Retail Pharmacy has been a mainstay of the community for over 20 years. Dispensing 13,000 scripts per year besides vaccinations, and is in network with all of the major PBMs including Express Scripts, Caremark/CVS, Catamaran, Medimpact, Humana, Optum, Prime Therapeutics Medicare Parts B and D and Medicaid. Owner to retire. Relocatable
- Asking Price: $230,000
- Cash Flow: $95,000
- Gross Revenue: $875,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $60,000
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,500
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
The deal shall not include inventory valued at $60,000*, which ins't included in the suggested price.
The company has 3 employees and is located in a building with approx. square footage of 1,500 sq ft.
The real estate is leased by the company for $3,625 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why people resolve to sell companies. However, the true factor and the one they tell you might be 2 totally different things. For instance, they might state "I have way too many various obligations" or "I am retiring". For numerous sellers, these factors are valid. However, for some, these might simply be reasons to attempt to conceal the reality of transforming demographics, increased competitors, recent reduction in earnings, or a variety of various other reasons. This is why it is really essential that you not depend completely on a vendor's word, however instead, make use of the vendor's response in conjunction with your overall due diligence. This will paint a more realistic picture of the business's current situation.
Existing Debts and Future Obligations
If the current company is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your offer. Numerous businesses borrow money in order to cover things like stock, payroll, accounts payable, etc. Bear in mind that in some cases this can imply that revenue margins are too small. Numerous businesses fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future commitments to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that need to be met or might cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location attract new clients? Often times, companies have repeat consumers, which form the core of their daily revenues. Certain factors such as new competitors growing up around the area, road building, as well as staff turn over can affect repeat customers as well as negatively affect future incomes. One essential point to think about is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Obviously, the more individuals that see the business often, the better the chance to develop a returning consumer base. A last thought is the general area demographics. Is the business located in a largely inhabited city, or is it located on the outside border of town? Exactly how might the local average family earnings impact future earnings potential?