Listing ID: 69834
This Pharmacy dispenses about 50 scripts a day, 50% are non-sterile and the rest are standard retail. It also has a CLIA Lab waiver certificate for high complexity testing, including Covid PCR.
They are in network with all of the insurers, Express Scripts, Caremark/CVS, Catamaran, Optum Rx, Prime Therapeutics, Medimpact, Cigna, Humana, SC Medicaid, Medicare Part D AND Part B. PIC willing to stay on.
- Asking Price: $220,000
- Cash Flow: $10,000
- Gross Revenue: $211,736
- EBITDA: N/A
- FF&E: N/A
- Inventory: $110,000
- Inventory Included: N/A
- Established: 2018
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:838
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
The venture was founded in 2018, making the business 4 years old.
The sale doesn't include inventory valued at $110,000*, which ins't included in the listing price.
The company has 2 employees and is situated in a building with estimated square footage of 838 sq ft.
The property is leased by the company for $1,686 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals choose to sell businesses. However, the true factor and the one they say to you might be 2 absolutely different things. For instance, they may state "I have too many various obligations" or "I am retiring". For many sellers, these factors stand. But, for some, these might simply be justifications to try to hide the reality of changing demographics, increased competition, recent reduction in earnings, or a range of other reasons. This is why it is really important that you not depend entirely on a seller's word, however rather, utilize the seller's response in conjunction with your general due diligence. This will paint a much more realistic image of the business's current scenario.
Existing Debts and Future Obligations
If the current business is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your deal. Many operating businesses borrow money so as to cover points like inventory, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can mean that earnings margins are too thin. Many businesses fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future commitments to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with vendors that have to be met or might result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area draw in new clients? Most times, companies have repeat customers, which create the core of their day-to-day revenues. Particular aspects such as brand-new competition growing up around the location, road building and construction, as well as staff turnover can affect repeat consumers and also negatively affect future incomes. One essential thing to take into consideration is the placement of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Certainly, the more people that see the business regularly, the greater the chance to construct a returning customer base. A last thought is the basic area demographics. Is the business situated in a largely populated city, or is it located on the outskirts of town? How might the neighborhood typical house earnings effect future income potential?