Listing ID: 70199
Retail Pharmacy in Florida with clean licenses and all active contracts. Don’t wait the 12-18 months to establish your own pharmacy and get stuck waiting for insurance contracts. Currently absentee owned, all staff will stay in place, if you choose to keep them.
Annual Rx Count 22629
- Asking Price: $359,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: $99,691
- FF&E: N/A
- Inventory: $82,500
- Inventory Included: N/A
- Established: 2017
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:800
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
The venture was started in 2017, making the business 5 years old.
The deal won't include inventory valued at $82,500*, which ins't included in the suggested price.
The business has 5 employees and is located in a building with estimated square footage of 800 sq ft.
The real estate is leased by the company for $1,000 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons people resolve to sell businesses. Nevertheless, the true reason and the one they say to you may be 2 entirely different things. As an example, they might state "I have a lot of other commitments" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these might just be excuses to try to conceal the reality of transforming demographics, increased competitors, current decrease in profits, or a range of various other reasons. This is why it is extremely vital that you not count totally on a seller's word, however rather, utilize the seller's solution along with your total due diligence. This will paint a much more realistic picture of the business's current situation.
Existing Debts and Future Obligations
If the current entity is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your deal. Lots of businesses finance loans in order to cover things like stock, payroll, accounts payable, and so on. Keep in mind that sometimes this can indicate that profit margins are too thin. Lots of organisations fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future commitments to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with vendors that have to be met or may result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area draw in brand-new clients? Often times, businesses have repeat clients, which create the core of their day-to-day profits. Certain factors such as brand-new competitors sprouting up around the location, road building and construction, as well as personnel turn over can affect repeat consumers and negatively impact future revenues. One important thing to think about is the location of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Clearly, the more people that see the business regularly, the better the chance to develop a returning client base. A last thought is the general area demographics. Is the business located in a largely populated city, or is it situated on the outside border of town? Just how might the neighborhood average house income impact future earnings potential?