Established Pharmacy Franchise for Sale - Own Health and Wealth!
Business Description
This pharmacy is a leading supplier in the local community and is dedicated to improving health outcomes through innovative and high-quality medications. Founded in 2000, the company has grown to become a trusted name, renowned for its commitment to speedy delivery and customer care. The pharmacy currently has concrete contracts in place to maintain supply and inventory.
Market Presence:
With a robust distribution network, it has a significant presence throughout the whole city. It has established strategic collaborations with healthcare provider and wholesalers to ensure widespread availability of its products.
Operating Hours - M-F 9:30-5:00. Closed on weekends.
Recently renovated 2100 sq ft
No Methadone
No Compounding
Month over month increases:
-Rx revenue will cross over $800,000 by calendar year end
-POS sales will also cross over $800,000 by calendar year end
-Rx count over 11,000/year
-Professional allowances (McKesson/Drug Trading) currently $75,000 annually
*Above based upon current trends of initial return to work, which only partially began in July but is now ramping up as of September (Moneris now requires 3 days/week as an example).
Last 12 months:
-Rx $774,000
-Front shop $740,000
-Allowances $75,000
Total revenue past 12 months: $1,589,000
*All financials reported are CAD
*IMPORTANT NOTE TO ALL BUYERS: To own a pharmacy in Canada, you must be a licensed pharmacist or have a partner who is a licensed pharmacist but they must be 51%/majority owner.
Market Presence:
With a robust distribution network, it has a significant presence throughout the whole city. It has established strategic collaborations with healthcare provider and wholesalers to ensure widespread availability of its products.
Operating Hours - M-F 9:30-5:00. Closed on weekends.
Recently renovated 2100 sq ft
No Methadone
No Compounding
Month over month increases:
-Rx revenue will cross over $800,000 by calendar year end
-POS sales will also cross over $800,000 by calendar year end
-Rx count over 11,000/year
-Professional allowances (McKesson/Drug Trading) currently $75,000 annually
*Above based upon current trends of initial return to work, which only partially began in July but is now ramping up as of September (Moneris now requires 3 days/week as an example).
Last 12 months:
-Rx $774,000
-Front shop $740,000
-Allowances $75,000
Total revenue past 12 months: $1,589,000
*All financials reported are CAD
*IMPORTANT NOTE TO ALL BUYERS: To own a pharmacy in Canada, you must be a licensed pharmacist or have a partner who is a licensed pharmacist but they must be 51%/majority owner.
About the Business
- Years in Operation
- 12
- Employees
- 7
- Franchise
- This business is an established franchise
- Facilities & Assets
- Full Staff with multiple full-time pharmacies and full-time technicians, Inventory, Customer Relationship System, and Marketing Included with Business.
Rental Space is part of a larger building with many amenities, including other well-known franchise restaurants, banks, and fitness center. - Market Outlook / Competition
- The pharmacy services the local community with nearly no competition near-by. It's location near public transit make it appealing to most customers for ease of pick-up after medical appointments.
- Opportunities for Growth
- The location of the pharmacy makes it a prime starting point to begin establishing elsewhere in the city. Opportunities have been investigated and shown much promise for the correct amount of capital.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 2,100
- Lease Expiration
- 12/31/2029
About the Sale
- Seller Motivation
- Moving on to new career
- Transition Support
- Owner will stay on for 3 months to train.
- Financing Options
- Debt and/or Cash
Listing Info
- ID
- 2257646
- Listing Views
- 9259
Listing ID: 2257646 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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