Listing ID: 69842

Business Overview

What a money maker!. This 12 year old pharmacy has both retail and long term care facility reimbursements. In network with Express Scripts, CVS/Caremark, Optum, Prime, Medimpact, Cigna, Humana, Medicare and Medicaid. Fully staffed with 2 pharmacists, 3 pharmacy techs and an admin. 50,000 annual scripts

Financial

  • Asking Price: $2,200,000
  • Cash Flow: $863,000
  • Gross Revenue: $4,755,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $200,000
  • Inventory Included: N/A
  • Established: 2010

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:6
  • Furniture, Fixtures and Equipment:N/A

Additional Info

The business was started in 2010, making the business 12 years old.
The sale won't include inventory valued at $200,000*, which ins't included in the suggested price.

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals decide to sell operating businesses. Nonetheless, the true reason vs the one they tell you might be 2 completely different things. As an example, they may claim "I have too many other obligations" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these might just be justifications to attempt to conceal the reality of altering demographics, increased competitors, recent reduction in revenues, or a variety of various other reasons. This is why it is really essential that you not rely completely on a vendor's word, but instead, make use of the vendor's response combined with your total due diligence. This will paint an extra realistic image of the business's existing situation.

Existing Debts and Future Obligations

If the current entity is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your deal. Many companies borrow money with the purpose of covering things like supplies, payroll, accounts payable, etc. Bear in mind that in some cases this can indicate that revenue margins are too thin. Many organisations fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future obligations to think about. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that should be fulfilled or might cause penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area bring in brand-new customers? Many times, businesses have repeat customers, which form the core of their day-to-day earnings. Specific elements such as brand-new competitors sprouting up around the location, road construction, as well as employee turn over can affect repeat customers and negatively affect future earnings. One important thing to consider is the area of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more individuals that see the business on a regular basis, the greater the opportunity to construct a returning customer base. A last thought is the general area demographics. Is the business located in a densely inhabited city, or is it located on the edge of town? How might the local median house earnings influence future earnings prospects?