Listing ID: 83273

Business Overview

This pharmacy is the definition of a staple within the community. Everyone knows and loves this pharmacy due to the friendly and caring staff, and an owner that is active not only in the day to day at the business, but also in the surrounding area. They offer COVID vaccines to all ages and are leading their area with the amount of vaccines given. This pharmacy continues to grow each month not only in script count, but also in profit. This pharmacy has a CLIA Wavier, adding an extremely profitable and rare service to the business.

Financial

  • Asking Price: $1,300,000
  • Cash Flow: $190,000
  • Gross Revenue: $3,159,222
  • EBITDA: N/A
  • FF&E: $24,763
  • Inventory: $174,165
  • Inventory Included: Yes
  • Established: 2006

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:N/A
  • Building Square Footage:3,000
  • Lot Size:N/A
  • Total Number of Employees:7
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This pharmacy is a 3,000 square foot facility located in a quiet, family-oriented neighborhood. There is ample, freshly paved parking available for customers. The pharmacy is open Monday through Friday from 9:00 am to 6:00 pm and Saturdays from 9:00 am to 2:00 pm and is closed on Sunday.

Is Support & Training Included:

With the owner/pharmacist's desire to stay at the pharmacy, all training and support needed will be provided to the new owners pace and comfort.

Purpose For Selling:

Retirement

Pros and Cons:

Ample, paved parking area for customers, located within a close proximity to three healthcare practices.

Opportunities and Growth:

Multiple, well-established revenue streams, updated processes and equipment, profitable and solid financials. Newly obtained CLIA waiver bringing in a lot of growth for this remote pharmacy. Turn-key opportunity!!!

Additional Info

The business was established in 2006, making the business 16 years old.
The sale will include inventory valued at $174,165, which is included in the requested price.

The business has 7 employees and is situated in a building with estimated square footage of 3,000 sq ft.

Why is the Current Owner Selling The Business?

There are all kinds of reasons why people choose to sell businesses. Nevertheless, the genuine reason vs the one they say to you may be 2 entirely different things. For instance, they might state "I have way too many other responsibilities" or "I am retiring". For numerous sellers, these reasons stand. However, for some, these might simply be reasons to attempt to hide the reality of transforming demographics, increased competitors, current reduction in earnings, or a range of other reasons. This is why it is very crucial that you not count entirely on a vendor's word, but rather, utilize the seller's solution in conjunction with your overall due diligence. This will repaint an extra sensible image of the business's current scenario.

Existing Debts and Future Obligations

If the existing business is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Many companies borrow money in order to cover things such as stock, payroll, accounts payable, etc. Keep in mind that in some cases this can indicate that revenue margins are too thin. Lots of businesses fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future commitments to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that must be fulfilled or might lead to penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the location draw in new clients? Many times, operating businesses have repeat clients, which create the core of their day-to-day earnings. Certain aspects such as new competitors growing up around the location, roadway construction, and employee turnover can affect repeat clients and adversely influence future incomes. One vital thing to consider is the location of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Clearly, the more individuals that see the business often, the higher the chance to develop a returning customer base. A final idea is the general area demographics. Is the business situated in a densely inhabited city, or is it situated on the outskirts of town? How might the regional typical family income effect future earnings potential?