Listing ID: 69852
Well established small town pharmacy. Clean licenses and in network with all the Major PBMs, including Express Scripts, CVS/Caremark, Catamaran, Optum, Prime, Cigna, Medimpact, Humana, Medicare and Medicaid.
Popular gift shop increases foot traffic with local people and visitors.
Dispense approximately 18,000 scripts per year.
- Asking Price: $450,000
- Cash Flow: $50,000
- Gross Revenue: $1,050,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $40,000
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:5,600
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
The transaction doesn't include inventory valued at $40,000*, which ins't included in the suggested price.
The business has 2 employees and is located in a building with estimated square footage of 5,600 sq ft.
The building is leased by the business for $5,000 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people choose to sell operating businesses. Nevertheless, the genuine reason and the one they tell you may be 2 absolutely different things. For instance, they might state "I have a lot of other commitments" or "I am retiring". For numerous sellers, these factors stand. But, for some, these may just be justifications to try to hide the reality of transforming demographics, increased competition, current reduction in profits, or a variety of other reasons. This is why it is very essential that you not depend totally on a seller's word, however instead, utilize the vendor's answer in conjunction with your overall due diligence. This will paint a much more sensible image of the business's current situation.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Many operating businesses borrow money with the purpose of covering items such as supplies, payroll, accounts payable, and so on. Keep in mind that occasionally this can mean that earnings margins are too small. Numerous businesses fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future commitments 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 must be satisfied or might result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location draw in brand-new clients? Often times, businesses have repeat customers, which create the core of their daily revenues. Certain elements such as new competition sprouting up around the area, road construction, and also employee turnover can impact repeat consumers and also negatively impact future earnings. One essential thing to consider is the location of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Obviously, the more people that see the business on a regular basis, the greater the possibility to construct a returning client base. A last idea is the basic area demographics. Is the business placed in a largely populated city, or is it located on the outside border of town? Exactly how might the neighborhood typical house income influence future earnings potential?