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Pharmacy With A Great Customer Base For Sale

Edmonton, Alberta, Canada
Asking Price:
$500K - $1M (CAD) Furniture / Fixtures included
Sales Revenue:
$500K - $1M (CAD)
Cash Flow:
$100K - $250K (CAD)

An exciting opportunity to acquire a high-quality pharmacy which has strong ties with City of Edmonton’s downtown inner-city community. The company is a well-known and a respected leader in the industry and provides much need support to the patients it serves.

The founders have worked hard to maintain clean books, licenses and contracts. The pharmacy has a very positive reputation among physicians, government agencies and patients alike.

This company was purchased by the existing ownership in 2016. Throughout the years it has gained a solid reputation of providing exceptional service, which in turn has created customer loyalty and retention.

The company has a strong market share and has consistently increased its prescription fill rate over the past three years. The company has a long-term lease in place which the landlord will transfer to the new buyer.

This opportunity would be perfect for an energetic and driven individual or another company looking to gain market share.

Property Information

Real Estate:

Lease

Lease Terms:

Lease in place until Oct 2023 at $18.00 sq. ft. plus Common Costs
Nov. 2023 to Nov 2026 rent will be $19.00 sq. ft. plus Common Costs

Lease Rent:
$18 (CAD) per sq ft per annum
Location:

Located in a popular strip mall in the inner city of Edmonton

Premises Details:

Works out of 700 sq. ft. which provides ample room for the day to day business operations.
The company does not provide Aids to Daily living

Size in square feet:
700

Business Operation

Expansion Potential:

Ample room for expansion, the landlord will provide additional space if required
The space next door is zoned for a medical practice which can have direct access into the pharmacy

Competition / Market:

There are currently 6 other pharmacies located in the market area

Reasons for selling:

Owner want to spend more time with his other business ventures

Trading hours:

Monday - Friday 8:30 AM to 5:00 PM
Saturday - Sunday 8:30 AM to 1:00 PM

Employees:
Owner plus 1 full time technician
Years established:
2016

Other Information

Support & training:

The owner will stay on for a specific period of time to ensure a smooth transition and the ongoing success of the company

Furniture / Fixtures value:
$30,000 (CAD) - included in the asking price
Relocatable:
This business can be relocated.

Contact Silver Star Investments Inc.

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