Listing ID: 83283
Since 2012, the owners of this pharmacy located in the Wilmington, DE area have prioritized providing top-notch care and service to their community. This is a very well-established, well-respected independent pharmacy with a strong community presence. The owners pride themselves in treating their customers like people, no just a number. They offer several successful avenues of revenue, such as immunizations, including the COVID 19 vaccine, DME, free delivery, blister packaging, and more!
- Asking Price: $550,000
- Cash Flow: $275,686
- Gross Revenue: $1,579,575
- EBITDA: N/A
- FF&E: $8,593
- Inventory: $57,300
- Inventory Included: Yes
- Established: 2012
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,400
- Lot Size:N/A
- Total Number of Employees:8
- Furniture, Fixtures and Equipment:N/A
Well-maintained, large leased space within a busy area with ample parking right in front of the building.
Located in a busy, easily accessible area in Wilmington.
This is a great turn-key opportunity. There are numerous ways to increase the Medication Adherence Program and add services to work with assisted living facilities in the area. Well-established with solid financials. Walk right in and make it your own!
The business was established in 2012, making the business 10 years old.
The sale shall include inventory valued at $57,300, which is included in the suggested price.
The company has 8 employees and resides in a building with estimated square footage of 2,400 sq ft.
The building is leased by the company for $3,292 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals choose to sell businesses. Nonetheless, the genuine reason and the one they say to you might be 2 totally different things. As an example, they might claim "I have a lot of other responsibilities" or "I am retiring". For many sellers, these reasons stand. However, for some, these may simply be reasons to attempt to hide the reality of transforming demographics, increased competition, recent reduction in revenues, or a variety of various other factors. This is why it is really vital that you not count completely on a seller's word, but rather, utilize the vendor's answer combined with your overall due diligence. This will repaint a much more realistic picture of the business's present circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Numerous businesses finance loans with the purpose of covering items such as stock, payroll, accounts payable, etc. Bear in mind that sometimes this can suggest that revenue margins are too tight. Lots of organisations fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future obligations to consider. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that should be satisfied or may result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area draw in brand-new consumers? Most times, businesses have repeat consumers, which create the core of their everyday profits. Particular aspects such as brand-new competitors sprouting up around the location, road building, as well as staff turnover can affect repeat customers and also adversely impact future revenues. One crucial thing to take into consideration is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more individuals that see the business regularly, the greater the chance to construct a returning client base. A last thought is the general location demographics. Is the business placed in a largely populated city, or is it situated on the outside border of town? Just how might the regional typical household income effect future revenue potential?