Listing ID: 77014
Great opportunity to invest and operate well established retail pharmacy located in the area of Victorville/Hesperia/Apple Valley, San Bernardino County, far away from the “heat zone”. Established in 2011, located next to busy Urgent Care Center. Five referring MDs keep this pharmacy busy with 215-300 prescription a day. At the present time, there is one PharmD/PIC, six techs and one driver. All major insurances are accepted. Medicare/Medi-Cal/Cigna, Express Scripts, CVS/Caremark, OptumRX and many others. PSAO is HealthMart. Opportunities for servicing patients requiring controlled meds. Liberty Software. The pharmacy is about 1,100 sf. Good lease with renew options. Over $100K was spent on tenant improvements. Inventory is not included in price. Save time and headache opening new Retail Pharmacy and applying for all insurances. 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. Wholesaler is McKesson. 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: $685,500
- Cash Flow: $265,456
- Gross Revenue: $2,886,560
- EBITDA: $265,456
- FF&E: $100,000
- Inventory: $150,000
- Inventory Included: N/A
- Established: 2011
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,100
- Lot Size:N/A
- Total Number of Employees:7
- Furniture, Fixtures and Equipment:N/A
Seller will train
The business was founded in 2011, making the business 11 years old.
The transaction doesn't include inventory valued at $150,000*, which ins't included in the requested price.
The business has 7 employees and resides in a building with approx. square footage of 1,100 sq ft.
The property is leased by the company for $3,200 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons people decide to sell companies. Nevertheless, the real reason vs the one they say to you may be 2 absolutely different things. As an example, they may say "I have too many other commitments" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these might simply be reasons to try to conceal the reality of changing demographics, increased competition, current reduction in earnings, or an array of other factors. This is why it is very important that you not depend completely on a seller's word, however rather, utilize the seller's answer in conjunction with your overall due diligence. This will paint an extra practical picture of the business's current circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your offer. Many operating businesses take out loans so as to cover points such as inventory, payroll, accounts payable, etc. Keep in mind that occasionally this can indicate that revenue margins are too thin. Numerous companies come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future obligations to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that have to be satisfied or may cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area attract new clients? Often times, operating businesses have repeat customers, which develop the core of their daily earnings. Specific elements such as brand-new competition sprouting up around the location, road construction, as well as staff turnover can impact repeat customers as well as adversely affect future revenues. One essential thing to take into consideration is the placement of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Clearly, the more individuals that see the business often, the better the possibility to build a returning client base. A last thought is the basic area demographics. Is the business situated in a largely populated city, or is it located on the edge of town? Exactly how might the regional average house income impact future earnings prospects?