Listing ID: 83293
This pharmacy has been a name the community can trust and has come to love for almost 80 years! The pharmacy prides itself in providing the personal attention every customer deserves today. The pharmacy delivers over 90% of filled prescriptions to its loyal customers. It is well recognized for its beautiful gift shop with a wide variety of items for every occasion. There are multiple, well-established services provided by this pharmacy including immunizations, free home delivery, free curbside pickup, durable medical equipment, long-term care services, and MUCH MORE!
- Asking Price: $2,300,000
- Cash Flow: $500,006
- Gross Revenue: $4,096,253
- EBITDA: N/A
- FF&E: $56,295
- Inventory: $337,238
- Inventory Included: N/A
- Established: 1945
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:5,000
- Lot Size:N/A
- Total Number of Employees:8
- Furniture, Fixtures and Equipment:N/A
This is a 5,000 square foot pharmacy located within a commercial business building. The pharmacy provides a beautiful gift shop that has become a neighborhood favorite. They offer an extensive variety of medical equipment and supplies, diabetic shoe fittings, as well as, diabetic inserts. This is a very well maintained, up-to-date facility.
This pharmacy has been a compliance client of R.J. Hedges & Associates since 2012. They are a Board of Certification (BOC) accredited facility. The staff has received extensive training and is specialized in supporting patients with Type 1, Type 2, and Gestational Diabetes.
This pharmacy really takes the time to know each patient. The pharmacy offers comprehensive medication review through an assessment of all of a patient’s medications. The goal is to optimize therapeutic regimens, improve medication compliance, and enhance therapeutic outcomes of the medications.
We are recommending the buyer move the pharmacy to a new location or absorb it into an existing pharmacy. The building rent and parking are too excessive for the pharmacy to be viable.
The business was established in 1945, making the business 77 years old.
The sale shall not include inventory valued at $337,238*, which ins't included in the requested price.
The business has 8 employees and resides in a building with approx. square footage of 5,000 sq ft.
The real estate is leased by the company for $10,350 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons individuals decide to sell operating businesses. Nevertheless, the genuine factor vs the one they tell you might be 2 totally different things. As an example, they may say "I have a lot of other commitments" or "I am retiring". For many sellers, these reasons are valid. But, for some, these may simply be reasons to try to conceal the reality of transforming demographics, increased competition, current decrease in earnings, or a range of other reasons. This is why it is really crucial that you not depend entirely on a seller's word, yet instead, use the seller's solution in conjunction with your total due diligence. This will repaint an extra realistic image of the business's present situation.
Existing Debts and Future Obligations
If the current company is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your offer. Many companies take out loans so as to cover points such as inventory, payroll, accounts payable, etc. Keep in mind that occasionally this can suggest that profit margins are too tight. Many businesses fall under a revolving door of taking loans as a way to pay back other loans. In addition to 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 need to be met or may cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location bring in brand-new consumers? Often times, operating businesses have repeat consumers, which develop the core of their day-to-day profits. Particular elements such as brand-new competitors sprouting up around the location, roadway building and construction, and employee turnover can affect repeat consumers and also adversely impact future profits. One vital point to take into consideration is the area of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Clearly, the more people that see the business regularly, the better the opportunity to construct a returning client base. A final thought is the basic area demographics. Is the business situated in a largely inhabited city, or is it situated on the edge of town? Exactly how might the regional average house earnings effect future earnings prospects?