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Asking Price$500,000
Revenue$1,630,000 EstablishedUndisclosed
Cash FlowUndisclosed EmployeesUndisclosed
FF&E$35,000* FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Year 2020 (numbers rounded)

Profit & Loss
Total Income:   $1,630,000 (OTC approx. $15,000)
CofGS:               $1,224,000
Gross Profit:          $406,000
Expenses:             $300,000
Net Income:          $106,000

Balance Sheet
Cash:    $657,000 (Stays with the Seller but presented to show the store has made money.)
Liabilities: $190,000 (Loan to Seller and stays with the Seller.)
Equity:      $467,000

This pharmacy owner has been very strict in the management of prescriptions and does not fill scripts with low/no profit, or high DIR Fees. There is lots of growth potential for a buyer with a different business model.

Yearly Scripts: 26,333
New: 11,778
Refill: 14,555
Cash: 60% of scripts
3rd Party: 40% of scripts
Generics: 89% of scripts
Brand: 11% of scripts
Avg. Retail: $57.37
Veterinary compounding of approximately 1,200+ per year.
Similar number for people script compounding.

Insurance Contracts: all

Inventory: $150,000 (Can be reduced before closing.)
Equipment: $35,000

Rent: $650/mo
Lease: month to month (Property owner wants the pharmacy to stay.)
Sq Ft: 1,200
Standalone building with a drive through window.

Employees: 4 including Pharmacist/Seller
Seller is willing to work through a transition period and then part time thereafter if needed. Wife is a Tech and Store Manager. She will work through a transition period and then will retire.

No legal or audit issues.
No scripts from doctor groups.
Only licensed in Texas.
Not in the HEAT Zone

Located in a small town near Houston. Growth area where property values are increasing. Median Home Value $450,000.
Nearest Competition: Approximately 15 miles away.
Sale Reason:Ready to spend more time fishing.
Ad #126265
Seller Reference #TXBW31821
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The Project Corp
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