Listing ID: 76061
Your opportunity to add additional insurance carriers to increase income Pharmacy with 3 employees and over 10 years in operation, this is a stable, established, business. Contact Us Today and Get Access to This Great Opportunity. Due to COVID-related health issues, the owner cannot run this store anymore. The owner is ready to sell and wants a quick sale. Accepts most insurance including Medicaid, Medicare, Cvs Caremark, and ESI. Pharmacy average about 75 prescriptions per day.Pharmacy located in high end, high foot traffic area.Pharmacy Gross Revenue 2,500,000 annually with 100,000 net income. Rent $8,000 per Month. The landlord is ready to give a new lease.
The asking price is $495.00 No seller financing however the seller is fair and reasonable. We need an NDA signed by the principal, the Buyer’s bio, and proof of funds before we can send all information.
- Asking Price: $495,000
- Cash Flow: $100,000
- Gross Revenue: $2,500,000
- EBITDA: N/A
- FF&E: $100,000
- Inventory: $150,000
- Inventory Included: N/A
- Established: 2010
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:3,000
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
The company was established in 2010, making the business 12 years old.
The sale shall not include inventory valued at $150,000*, which ins't included in the asking price.
The business has 3 employees and resides in a building with approx. square footage of 3,000 sq ft.
The real estate is leased by the company for $8,000 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why people decide to sell companies. Nevertheless, the genuine factor and the one they say to you may be 2 completely different things. For instance, they may state "I have a lot of other responsibilities" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these might simply be justifications to try to conceal the reality of changing demographics, increased competition, recent reduction in incomes, or an array of other reasons. This is why it is really vital that you not depend completely on a vendor's word, but instead, utilize the vendor's answer combined with your overall due diligence. This will repaint a more reasonable picture of the business's present scenario.
Existing Debts and Future Obligations
If the current company is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your deal. Numerous businesses borrow money with the purpose of covering things such as inventory, payroll, accounts payable, and so on. Remember that sometimes this can suggest that revenue margins are too tight. Numerous companies fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future commitments to consider. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that have to be met or may cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location bring in new clients? Many times, companies have repeat clients, which create the core of their daily earnings. Certain factors such as brand-new competition sprouting up around the area, roadway construction, and personnel turnover can affect repeat customers as well as negatively affect future earnings. One vital point to take into consideration is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more people that see the business regularly, the greater the opportunity to build a returning customer base. A final idea is the basic area demographics. Is the business placed in a densely populated city, or is it located on the edge of town? Just how might the local median home earnings impact future income potential?