Listing ID: 75038
Incredible opportunity to purchase a turn-key Pharmaceutical Wholesale Business based in Arizona. The sellers endured the lengthy process of getting their facility, software, processes and procedures, and employee handbooks approved in order to receive an Arizona Wholesaler- Full Service license from the State Board of Pharmacy. This process can take up to a year and requires a significant investment in time and resources. The sale comes with the Software to manage the scanning, storage, and sale of pharmaceuticals which has been approved by the Board of Pharmacy. Great location on a Major North-South Artery in the East Valley and has the security, HVAC, and humidity equipment required to operate. Established relationships with 4 manufacturers including the maker of Narcan, are already set up and ready for a new owner to create orders. Most pharmaceuticals are sold by 3 huge wholesalers with only a handful of independent wholesalers granted licenses to operate this type of business. Due to reciprocal relationships, the business can also sell to pharmacies in CT, HI, KY, MN, MO, NH, PA, TX, SD. Unfortunately, this business was set up and ready to go in early 2020 and then COVID hit and it never launched. Now all the infrastructure is set up for a qualified owner to take it and run with it. In order to be a qualified buyer, a individual will have to be either a licensed Pharmacy Tech or a Licensed Pharmacist. This is a turn-key opportunity with an approved facility in a great location, qualified software, etc. etc.. The manufacturer relationships, the business brand, website and everything is already set up. SERIOUS AND QUALIFIED CASH BUYERS ONLY PLEASE. All inquiring parties will be required to complete a confidentiality agreement before receiving more information.
- Asking Price: $119,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: $60,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2018
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:3,150
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
2 week training period
The business was founded in 2018, making the business 4 years old.
The real estate is leased by the business for $4,149 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals resolve to sell operating businesses. Nevertheless, the genuine factor vs the one they say to you might be 2 entirely different things. For instance, they might say "I have way too many other responsibilities" or "I am retiring". For many sellers, these factors stand. But, for some, these might just be justifications to try to conceal the reality of changing demographics, increased competition, current decrease in profits, or an array of various other factors. This is why it is really vital that you not depend completely on a vendor's word, however instead, make use of the vendor's response together with your general due diligence. This will paint a 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 need to consider this when valuating/preparing your offer. Lots of businesses borrow money in order to cover things like inventory, payroll, accounts payable, so on and so forth. Remember that occasionally 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 other loans. Along with debts, there may also be future obligations 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 should be met or might result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area bring in brand-new consumers? Most times, operating businesses have repeat consumers, which develop the core of their everyday profits. Specific factors such as brand-new competition sprouting up around the location, roadway building and construction, as well as personnel turnover can influence repeat clients and also negatively influence future incomes. One important thing to take into consideration is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Certainly, the more individuals that see the business on a regular basis, the better the chance to build a returning consumer base. A final idea is the basic location demographics. Is the business situated in a densely populated city, or is it situated on the outside border of town? How might the local average household income impact future income prospects?