Listing ID: 70168
This pharmacy has high revenue and high earnings. Beautiful pharmacy in a high traffic area. Large sign presence can be easily seen from the busy street. Pharmacy is located near hospitals and several clinics.
At this price, this pharmacy will not last long.
Annual Rx Count: 105,000
Asking Price: $10,900,000 plus inventory
Interested buyers please register here: https://stillwellrx.com/buyer-registration/
- Asking Price: $10,900,000
- Cash Flow: $3,417,680
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: $350,000
- Inventory Included: N/A
- Established: 2019
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,300
- Lot Size:N/A
- Total Number of Employees:13
- Furniture, Fixtures and Equipment:N/A
The venture was started in 2019, making the business 3 years old.
The deal doesn't include inventory valued at $350,000*, which ins't included in the listing price.
The business has 13 employees and is located in a building with estimated square footage of 2,300 sq ft.
The building is leased by the company for $5,200 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals resolve to sell operating businesses. Nevertheless, the real reason vs the one they say to you might be 2 totally different things. As an example, they may say "I have way too many various commitments" or "I am retiring". For many sellers, these reasons are valid. But, for some, these might just be reasons to try to conceal the reality of altering demographics, increased competitors, recent reduction in revenues, or an array of other factors. This is why it is very vital that you not rely totally on a vendor's word, however instead, use the vendor's response combined with your overall due diligence. This will paint a more practical image of the business's present situation.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your offer. Many businesses borrow money with the purpose of covering things such as stock, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can indicate that earnings margins are too tight. Lots of organisations come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future obligations to consider. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that must be met or may result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location bring in new customers? Many times, companies have repeat clients, which create the core of their daily revenues. Particular elements such as brand-new competition sprouting up around the location, roadway construction, and also personnel turnover can affect repeat customers and also negatively impact future profits. One vital point to consider is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Clearly, the more individuals that see the business often, the better the opportunity to construct a returning consumer base. A last thought is the basic location demographics. Is the business situated in a densely populated city, or is it situated on the outside border of town? Exactly how might the neighborhood average house income influence future revenue prospects?