Listing ID: 69848
This well established retail pharmacy specializes in ophthalmology and dermatology. It dispenses over 16,000 scripts per year. Absentee owned and staffed with experienced pharmacist and technicians it is a turnkey opportunity. It previously had much greater revenue ($21M) because of out of state mail order dispensing, but it ceased those operations in 2018.
PBMs include: Express Scripts, Catamaran, CVS/Caremark, Optum, Prime, Cigna, Medimpact and Aetna.
- Asking Price: $250,000
- Cash Flow: $37,000
- Gross Revenue: $4,040,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $50,000
- Inventory Included: N/A
- Established: 2016
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:980
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
The company was established in 2016, making the business 6 years old.
The sale won't include inventory valued at $50,000*, which ins't included in the requested price.
The business has 3 employees and is situated in a building with disclosed square footage of 980 sq ft.
The building is leased by the company for $5,500 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons people decide to sell businesses. Nevertheless, the real factor vs the one they tell you might be 2 absolutely different things. For instance, they might say "I have too many various commitments" or "I am retiring". For many sellers, these reasons are valid. But, for some, these may just be justifications to try to conceal the reality of altering demographics, increased competition, recent decrease in incomes, or a range of various other factors. This is why it is very important that you not rely completely on a vendor's word, but instead, utilize the vendor's response together with your general due diligence. This will paint an extra realistic picture of the business's current situation.
Existing Debts and Future Obligations
If the existing business is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of companies borrow money so as to cover points like stock, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can imply that earnings margins are too small. Many companies come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future commitments to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with suppliers that must be fulfilled or may lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area bring in brand-new consumers? Most times, businesses have repeat consumers, which create the core of their daily earnings. Certain elements such as new competitors sprouting up around the location, roadway construction, and staff turnover can impact repeat customers and also negatively affect future incomes. One vital point 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 people that see the business on a regular basis, the better the possibility to build a returning client base. A last idea is the basic location demographics. Is the business placed in a largely inhabited city, or is it located on the outside border of town? How might the local mean home income effect future earnings prospects?