Listing ID: 76967
Welcome to beautiful Oakland, Alameda County, East Side of San Francisco Bay! Great opportunity to invest and operate Retail Pharmacy that started operating in 1989. Conveniently located near Oakland’s Chinatown, Cleveland Heights and Lake Merritt, between 580 and 880 Freeways. The Pharmacy is located inside a free standing building, next door to medical office. At the present time, there is one PharmD/PIC operates a pharmacy. All major insurances are accepted. Pharmacy is doing about 60 scripts a day. 2020 Revenue is about 500K and Operating Profit is around 45K. Competitively valued at 225K plus inventory. Medicare/Medi-Cal/Cigna, Express Scripts, CVS/Caremark, OptumRX and many others. Opportunities for servicing patients requiring controlled meds. Pioneer Rx Software. The pharmacy is about 700 sf. Seller is a landlord. A building can be sold as well. Please ask broker if interested. Inventory of about 80K is not included in price. Save time and headache opening new Retail Pharmacy and applying for all insurances. Seller is retiring. PIC may stay if needed for a reasonable amount of time. NO marketing has yet been done. Great opportunity to reach out to local RCFEs, LTCs and Assisted Living Facilities, etc. Excellent lease terms and options. Wholesalers are McKesson and Smartsource. Management Agreement is possible for qualified buyer. Seller is retiring. Open 6 days a week. All licenses and insurance contracts are in good standing.
Call Alex Levitan- Pacific Business Brokers (818)640-8080, and request an NDA.
Financial Statements, Inventory Count, and any additional information will be gladly presented to qualified buyers during due diligence. Proof of funds is required. Seller is motivated. All of the above information per Seller please rely on your own due diligence on market conditions and this industry before making any commitment and decision making.
- Asking Price: $225,000
- Cash Flow: $45,000
- Gross Revenue: $498,650
- EBITDA: $45,000
- FF&E: $25,000
- Inventory: $40,000
- Inventory Included: N/A
- Established: 1989
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:700
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
Seller will train
The venture was started in 1989, making the business 33 years old.
The transaction doesn't include inventory valued at $40,000*, which ins't included in the suggested price.
The business has 1 employees and resides in a building with disclosed square footage of 700 sq ft.
The building is leased by the business for $2,000 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals resolve to sell operating businesses. Nonetheless, the true factor vs the one they tell you may be 2 completely different things. For instance, they might state "I have too many other commitments" or "I am retiring". For lots of sellers, these reasons are valid. But, for some, these might just be justifications to attempt to conceal the reality of transforming demographics, increased competition, current reduction in earnings, or an array of other reasons. This is why it is extremely crucial that you not depend completely on a vendor's word, yet instead, make use of the vendor's answer combined with your total due diligence. This will paint a much more reasonable picture of the business's existing situation.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Many companies take out loans so as to cover things like inventory, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can imply that revenue margins are too small. Numerous companies come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future obligations to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that should be met or may lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area draw in brand-new consumers? Often times, companies have repeat clients, which form the core of their day-to-day earnings. Specific aspects such as brand-new competitors growing up around the location, roadway construction, and staff turn over can influence repeat clients and negatively affect future earnings. One important point to think about is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Certainly, the more people that see the business often, the higher the opportunity to construct a returning consumer base. A final thought is the basic location demographics. Is the business located in a densely populated city, or is it situated on the outside border of town? How might the regional median house earnings effect future revenue prospects?