* Included in Asking Price
Year 2020 (numbers rounded)
Profit & Loss
Total Income: $1,630,000 (OTC approx. $15,000)
Gross Profit: $406,000
Net Income: $106,000
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.)
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
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.)
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.|
Seller Reference #TXBW31821
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