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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Pharmacy Courier Service
(Services, Transportation)
Union County, New Jeresy
Listing ID: TRNS106

Listing DetailsGross Revenue: $ 518,757
Cash Flow: $ 188,105
FFE: $ 85,000 (Included in Price)
Reason for Sale:

Owners involvement in a non-competing alternative company.


Training & Support:

 

Training and owner support, the owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.

 


OperationsYear Established: 2015
Employees: 6
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 5000
Monthly Rent: $ 2,516
Square Footage: 1500
Facilities:

This non-retail facility which consist of approximately 1,500 square feet consists of two offices in a commercial rental space. The business is in a commercial rental facility located in Northern New Jersey, Union County, which consists of numerous highly populated communities with continued demand for this service.


SummaryBusiness Description:

Highly profitable independent pharmacy transportation courier company available to purchase with a gross income of $518,757.56 and a net yearly income of $188,105. This highly successful company is located in Union county and coordinates deliveries for multiple pharmacies. For privacy purposes, this delivery service has its own labels with the name of the particular pharmacy. Pharmacy Courier Service and medical delivery service companies, deliver medications six to seven days weekly to its customers, and has the ability to service additional medical institutions. Their medical couriers understand the sensitive nature and importance of patients’ critical medication deliveries, and the steps that are necessary to fulfill the requirements in the pharmaceutical industry. When it comes to dependable, on-time pharmaceutical medical courier service this company has a stellar reputation with its professional service. They are prepared to supply solutions with special orders to meet their customers pharmaceutical medical needs. For the vast majority of prescriptions, they’re out the same day,” and If necessary, the company will place additional efforts for a special delivery. Online pharmacies do not have the resources to compete with retailer pharmacies regarding convenience and price. The brick-and-mortar locations enable customers to engage patients in ways impossible for non-retailers who only exist in cyberspace. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. This non-retail facility which consist of approximately 1,500 square feet consists of two offices in a commercial rental space. The business is in a commercial rental facility located in Northern New Jersey, Union County, which consists of numerous highly populated communities with continued demand for this service. Regarding employees and payroll, this successful transportation company consist of six full and part time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis and a weekly base salary, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $14,170. The business transaction will offer an assignable commercial lease which expires 2022-01-01, plus additional options available, with a monthly rent of $2,516, cost per square foot is estimated at $20.12 and rent security of approximately $5,000. The business assets has an estimated value of approximately $85,000 which is based on the original replacement buildout cost, tangible & nontangible, equipment, licensing, in addition to the multiple of the existing net yearly income. This transaction consists of a fully equipped commercial transportation company which includes, web site, required licenses, web site, social media venues, six vehicles, displays, shelving, POS accounting system, tables, computers, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The 2018 yearly gross reported income represented by the seller / owner is $518,757 and the business has a yearly net income of approximately $188,105 based on an onsite owner operator and prior to any debt service. The 2019 company’s gross income is expected to be similar with some increase to the previous year.


Competition:

Regarding competition, to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this company as a competitor. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.


Potential Growth:

Regarding growth and expansion, this business opportunity can be further expanded with the new operator by improving the existing marketing plan and local advertising. Additionally, the company has a limited poor non-optimized web site and if adjusted can further develop the business yearly gross sales. Based on the continued demand for this service, this industry expects to experience a huge increase in sales due to the need for this personal service.


Financing/Terms:

Possible seller/bank financing may be available to a qualified buyer.