Listing ID: 70245
Community Retail Pharmacy on the Columbia River. Long Standing pharmacy in a gorgeous area. Owner occupied building, available for lease or purchase. Building has space to add compounding. This service has been requested by many current patients, as it is not something offered anywhere in the area currently.
Great opportunity for new owner to continue a legacy.
- Asking Price: $249,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: $146,000
- Inventory Included: N/A
- Established: 1977
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:3,600
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
The venture was started in 1977, making the business 45 years old.
The deal won't include inventory valued at $146,000*, which ins't included in the suggested price.
The company has 3 employees and is located in a building with approx. square footage of 3,600 sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons people resolve to sell companies. Nevertheless, the real factor vs the one they say to you may be 2 absolutely different things. For instance, they may say "I have too many various responsibilities" or "I am retiring". For many sellers, these factors are valid. However, for some, these might simply be justifications to try to conceal the reality of changing demographics, increased competitors, recent reduction in incomes, or a variety of other reasons. This is why it is really crucial that you not rely absolutely on a seller's word, however instead, make use of the seller's response together with your general due diligence. This will repaint a much more practical image of the business's current situation.
Existing Debts and Future Obligations
If the current company is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your deal. Many companies borrow money in order to cover points like supplies, payroll, accounts payable, and so on. Keep in mind that sometimes this can suggest that profit margins are too tight. Numerous businesses fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to 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 vendors that should be met or might lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area draw in brand-new clients? Often times, operating businesses have repeat consumers, which develop the core of their everyday revenues. Certain aspects such as brand-new competitors growing up around the location, road building and construction, as well as employee turnover can impact repeat consumers and negatively affect future earnings. One crucial thing to think about is the location of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Certainly, the more people that see the business on a regular basis, the higher the opportunity to construct a returning consumer base. A last thought is the basic location demographics. Is the business situated in a densely inhabited city, or is it located on the outside border of town? How might the neighborhood median household income impact future earnings potential?