Listing ID: 69840

Business Overview

This well run pharmacy survived the pandemic and is growing rapidly. Located in a Medical Plaza with a client base of workers compensation claims. All of the major insurance contracts in place and in good standing: Express Scripts, Caremark/CVS, Humana, Catamaran, Optum, Prime, Medimpact, Cigna, Medicare and Medicaid. Additional licenses in New Jersey and Florida for non-reimbursed/cash based dispensing. Great 80/20 Generic/Brand split

Financial

  • Asking Price: $95,000
  • Cash Flow: $25,000
  • Gross Revenue: $500,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2019

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:2,400
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A

Additional Info

The venture was established in 2019, making the business 3 years old.

The company has 2 employees and is situated in a building with disclosed square footage of 2,400 sq ft.
The property is leased by the company for $3,600 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people decide to sell businesses. However, the real reason vs the one they tell you might be 2 totally different things. For instance, they might state "I have way too many other commitments" or "I am retiring". For numerous sellers, these factors stand. But, for some, these may simply be excuses to try to hide the reality of changing demographics, increased competitors, current decrease in profits, or a variety of various other reasons. This is why it is really vital that you not depend absolutely on a vendor's word, yet instead, use the seller's answer in conjunction with your general due diligence. This will paint a much more sensible picture of the business's existing situation.

Existing Debts and Future Obligations

If the existing entity is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your deal. Lots of companies finance loans so as to cover points such as supplies, payroll, accounts payable, and so on. Keep in mind that occasionally this can mean that profit margins are too tight. 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 obligations to think about. There might be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that should be satisfied or may result in penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the location attract brand-new customers? Most times, operating businesses have repeat customers, which create the core of their everyday earnings. Certain elements such as brand-new competition sprouting up around the location, road building, and also personnel turnover can impact repeat customers and also negatively impact future revenues. One crucial point to consider is the area of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Obviously, the more people that see the business on a regular basis, the better the chance to construct a returning client base. A final idea is the general area demographics. Is the business located in a densely inhabited city, or is it situated on the edge of town? How might the neighborhood typical house earnings impact future revenue potential?