Listing ID: 70238
Community Pharmacy with strong patient base. Has clean licenses with all contracts active and in good standing.
Pharmacy is turn key and ready for new ownership to take over and have immediate positive cash flow.
Location is currently owner operated. Owners will rent space to new owner for $1500/mo.
- Asking Price: $599,000
- Cash Flow: $324,000
- Gross Revenue: N/A
- EBITDA: $159,285
- FF&E: N/A
- Inventory: $158,849
- Inventory Included: N/A
- Established: 2007
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:1,800
- Lot Size:N/A
- Total Number of Employees:8
- Furniture, Fixtures and Equipment:N/A
The company was started in 2007, making the business 15 years old.
The sale won't include inventory valued at $158,849*, which ins't included in the requested price.
The company has 8 employees and is situated in a building with approx. square footage of 1,800 sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals resolve to sell operating businesses. Nonetheless, the genuine reason and the one they say to you may be 2 absolutely different things. As an example, they may say "I have way too many other obligations" or "I am retiring". For lots of sellers, these factors stand. But, for some, these may just be justifications to try to hide the reality of altering demographics, increased competition, recent reduction in profits, or a variety of various other reasons. This is why it is very essential that you not depend totally on a vendor's word, yet instead, utilize the seller's solution combined with your general due diligence. This will paint a much more sensible picture of the business's existing situation.
Existing Debts and Future Obligations
If the current business is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous businesses borrow money in order to cover points such as inventory, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can indicate that earnings margins are too thin. Lots of businesses fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also be future obligations to think about. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that have to be fulfilled or might lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area draw in new clients? Most times, operating businesses have repeat consumers, which develop the core of their everyday earnings. Specific elements such as new competition sprouting up around the area, road building, and personnel turnover can impact repeat consumers and adversely affect future incomes. One essential thing to take into consideration is the location of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Certainly, the more individuals that see the business on a regular basis, the better the possibility to build a returning client base. A final idea is the general location demographics. Is the business located in a densely populated city, or is it located on the outskirts of town? Just how might the local average family income effect future revenue potential?