Listing ID: 70182
Long standing retail pharmacy located in a small strip mall 45-60mins from the heart of Philadelphia.
Clean contracts and licenses with great earnings.
Loyal customer base with further growth opportunities.
Annual Script Volume: 23,114
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- Asking Price: $495,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: $156,000
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1975
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,000
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
The company was established in 1975, making the business 47 years old.
The business has 5 employees and resides in a building with estimated square footage of 1,000 sq ft.
The property is leased by the business for $0.00
Why is the Current Owner Selling The Business?
There are all types of reasons people decide to sell operating businesses. However, the genuine factor vs the one they say to you may be 2 completely different things. As an example, they may state "I have too many various obligations" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these may just be reasons to try to conceal the reality of changing demographics, increased competition, current decrease in earnings, or a variety of various other reasons. This is why it is very crucial that you not depend completely on a seller's word, yet instead, make use of the seller's solution together with your overall due diligence. This will repaint a more realistic picture of the business's existing scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous operating businesses borrow money with the purpose of covering items like stock, payroll, accounts payable, etc. Keep in mind that sometimes this can mean that earnings margins are too thin. Lots of organisations fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future obligations to think about. 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 satisfied or might result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location bring in new customers? Often times, companies have repeat clients, which develop the core of their day-to-day revenues. Specific variables such as new competitors growing up around the location, roadway building, and also staff turn over can impact repeat consumers and also negatively impact future revenues. One vital point to think about is the location of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Obviously, the more people that see the business on a regular basis, the higher the opportunity 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 located on the outskirts of town? Just how might the regional median house earnings influence future income prospects?