Listing ID: 83979
Retail Pharmacy in South Orange County for sale. Located in a medical building, this store has been in business for three and a half years. The store does a mix of retail prescriptions and non-sterile compounding of pain and dermatology creams. The store has also been doing a lot of high profit Covid shots lately and has a couple of exclusive contracts with clinics for these shots. The owner is willing to stay on as a consultant and/or pharmacist which will insure a smooth transition to the buyer.
This well run pharmacy did $1, 400,000 in sales in 2021. Script count is 375 a week and approximately 10 of these scripts are high profit margin compounds. The store does about 30% delivery. The majority of the delivery started during the pandemic and most customers just decided to keep going with delivery for convenience.
This is a great opportunity for a pharmacist who wants to own their own business. All insurance contracts are in place and you can grow the business.
- Asking Price: $375,000
- Cash Flow: $155,000
- Gross Revenue: $1,372,941
- EBITDA: N/A
- FF&E: N/A
- Inventory: $125,000
- Inventory Included: N/A
- Established: 2018
- 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
Nicely Built out Retail Pharmacy in a small medical building
Seller will provide training to help the buyer take over providing a smooth transition while learning the business and its operating activities, gaining and understanding of the customers and vendor partners, and building a working relationship with the employees.
Seller wants to spend more time with family and is looking for qualified buyer
No independent pharmacies in the immediate area, and only a couple of chain stores.
Big Potential for a new buyer who knows how to market a retail pharmacy and grow the existing compounding business
The business was established in 2018, making the business 4 years old.
The deal shall not include inventory valued at $125,000*, which ins't included in the requested price.
The company 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 $3,600 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals decide to sell companies. Nonetheless, the genuine factor vs the one they tell you might be 2 absolutely different things. For instance, they may state "I have a lot of various commitments" or "I am retiring". For lots of sellers, these factors stand. However, for some, these might simply be excuses to attempt to hide the reality of changing demographics, increased competition, current decrease in earnings, or a range of various other factors. This is why it is extremely essential that you not rely entirely on a vendor's word, yet instead, use the vendor's solution in conjunction with your overall due diligence. This will paint 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 need to consider this when valuating/preparing your offer. Many operating businesses finance loans with the purpose of covering items like stock, payroll, accounts payable, etc. Keep in mind that in some cases this can mean that earnings margins are too small. Numerous companies fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to think about. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with vendors that must be satisfied or may cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location bring in brand-new consumers? Many times, businesses have repeat consumers, which create the core of their daily revenues. Particular variables such as brand-new competitors growing up around the area, roadway construction, as well as employee turn over can affect repeat consumers and negatively affect future profits. One essential thing to think about is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Certainly, the more individuals that see the business on a regular basis, the better the possibility to build a returning consumer base. A final thought is the basic area demographics. Is the business situated in a densely inhabited city, or is it located on the edge of town? Exactly how might the neighborhood median family income effect future income potential?