Growing Pharmacy in Desirable Location! (17705)

RetailFor Sale in NM

Listing ID: Growing Pharmacy in Desirable Location! (17705) | Broker Listing ID: BLP657920

Financial & Assets Details

Revenues: $239,189

Cash Flow: $909,421

FF&E: $30,000

Inventory: $60,000

Inventory Inc. in Price: Yes

Square Feet: 1,300+/-

About the Business

Year Established: 2005

Employees: 3 nonunion.

Seller Financing: Yes

Business Description

Great opportunity for growth! Owner/Pharmacist will sell this profitable pharmacy and will consider part-time employment! Situated in the Greater Albuquerque area of New Mexico, the company offers pharmacy products, prescription drugs, and OTC medications among other medicinal supplies, typical drug store items, and gifts. An additional source of revenue comes from customers in need of compounded and veterinary medications, which are specialty markets the company has started capitalizing on for growth. Further involvement in the community could easily result in more sales. Boasting many high online ratings, Total Prescription Revenues for 2020 reached $909,421 alongside Seller Discretionary Earnings of $239,189 and Adjusted EBITDA’s of $200,268 plus additional revenue and profits from the front end. 2021 prescription revenue added another $100K to $1,087,274 meeting projections. The established site had 15,000 prescriptions filled in 2021. The prime retail location totaling 1,300 square feet has a transferable lease, renewed annually it’s in excellent condition and commercially zoned. Assisted by a hands-on team of two to three nonunion employees agreeing to stay post-sale, business is ready for a standard owner transitioning period. Benefitted by a strong elder population in its surrounding region to focus on and a niche reputation, the marketing efforts focus on targeting repeating business through local publications and digital methods. The seller is open to creative proposals for this pharmacy and possible part-time employment as well. Great opportunity! Wonderful living area!