Listing ID: 77006
Great opportunity to invest in newly established [opened in 2017, S Corp] Retail Pharmacy located inside a shopping center in Eastvale, Riverside County, Inland Empire. Most of major insurances are accepted, such as Medical, Express Scripts, OptumRX, Anthem, Caremark/CVS and many others. Averages 50 scripts a day. DEA accredited. No marketing is done, great opportunity to contact local retirement homes, Medical offices, Boarding Cares, RCFEs, Hospices, Home Health Care Agencies, etc. Inventory is around 20K is extra (negotiable).Wholesalers are McKesson and TopRx. Software is Pioneer RX. The pharmacy is about 1,200 sf. Over 50K was spent on Tenant Improvement. Current PIC may stay if needed. Save time and headache opening new Pharmacy and applying for all insurances. Excellent lease terms and options. Open 6 days a week. Motivated seller. Good Lease. Projected Annual Gross is around 525K, Cash Flow is 85K. Only independent pharmacy in the city. Family Medicine/Urgent Care, Dental Clinic is in the same shopping center. 2 large medical buildings near by. Growing community of over 10,000 homes will be built within next few years. We are looking for licensed PharmD’s. Management agreement is possible for qualified buyer.
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: $175,000
- Cash Flow: $85,325
- Gross Revenue: $569,635
- EBITDA: $85,325
- FF&E: $75,000
- Inventory: $60,525
- Inventory Included: N/A
- Established: 2017
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,200
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
Seller will train
The venture was established in 2017, making the business 5 years old.
The sale shall not include inventory valued at $60,525*, which ins't included in the requested price.
The business has 1 employees and is located in a building with estimated square footage of 1,200 sq ft.
The property is leased by the company for $4,800 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people resolve to sell businesses. However, the true reason and the one they tell you may be 2 entirely different things. As an example, they might state "I have a lot of other obligations" or "I am retiring". For lots of sellers, these reasons are valid. But, for some, these might just be reasons to attempt to hide the reality of altering demographics, increased competition, recent decrease in revenues, or a range of other reasons. This is why it is extremely important that you not rely completely on a seller's word, yet instead, make use of the seller's response together with your overall due diligence. This will repaint a much more reasonable image of the business's existing situation.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Many companies finance loans so as to cover things such as supplies, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can suggest that profit margins are too tight. Numerous companies come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to consider. There might 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 fulfilled or may cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area attract brand-new consumers? Most times, companies have repeat clients, which form the core of their day-to-day earnings. Specific aspects such as new competitors sprouting up around the area, road construction, as well as staff turn over can affect repeat customers and also adversely affect future profits. One crucial thing to think about is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Obviously, the more people that see the business regularly, the greater the opportunity to construct a returning consumer base. A final idea is the general location demographics. Is the business placed in a densely inhabited city, or is it situated on the outside border of town? How might the local average household income influence future income potential?