Listing ID: 69824
This community retail pharmacy is fully staffed and ready continue making money for the next owner. Huge retail front end with $10,000/mo in sales. Drive thru also.
Clean pharmacy licenses, no outstanding audits or violations. In network with Express Scripts, CVS /Caremark, Humana, Medimpact, Catamaran, Prime, Optum Rx, Cigna, Medicare and Medicaid
28,000 annual scripts, 20% brand, 80% Generic
Employees include PIC, Tech, Manager, Clerk and PT Pharmacist and Tech
- Asking Price: $650,000
- Cash Flow: $400,000
- Gross Revenue: $3,590,000
- EBITDA: $325,000
- FF&E: N/A
- Inventory: $175,000
- Inventory Included: N/A
- Established: 2015
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:4,200
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
The venture was started in 2015, making the business 7 years old.
The deal won't include inventory valued at $175,000*, which ins't included in the listing price.
The business has 5 employees and is situated in a building with estimated square footage of 4,200 sq ft.
The real estate is leased by the company for $4,189 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons individuals resolve to sell businesses. Nonetheless, the real factor vs the one they say to you may be 2 absolutely different things. For instance, they might claim "I have way too many various responsibilities" or "I am retiring". For many sellers, these factors stand. But, for some, these might simply be excuses to attempt to conceal the reality of transforming demographics, increased competition, recent reduction in revenues, or a variety of other factors. This is why it is extremely crucial that you not count absolutely on a vendor's word, yet instead, use the seller's solution in conjunction with your overall due diligence. This will paint a much more practical image of the business's current scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your offer. Lots of operating businesses finance loans with the purpose of covering points like supplies, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can suggest that earnings margins are too tight. Numerous businesses fall into 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 commitments 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 met or may lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area bring in new clients? Most times, operating businesses have repeat consumers, which develop the core of their everyday earnings. Specific elements such as new competition growing up around the area, road building and construction, and also staff turn over can impact repeat customers as well as adversely affect future profits. One crucial point to consider is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more individuals that see the business on a regular basis, the better the chance to construct a returning client base. A final idea is the general location demographics. Is the business situated in a densely populated city, or is it situated on the outskirts of town? Just how might the regional mean home earnings influence future earnings prospects?