Strip Pharmacy Inner Western Suburbs of Melbourne
This is a deceptively very profitable business, and this is how the owner has enjoyed it for the last 20 years.
With sales above $3m and a low GP showing only 25.8% the pharmacy competes well on price and maintains loyal customers. A new lease at 4% of sales combined with the removal of RATTS and bulk sales still sees this business providing an adjusted net profit of over $300k after all costs.
Ideally suited to Vietnamese or Chinese buys in the Agents opinion. A partnership would be ideal to share the cost and hours!
The pharmacy has serviced the same three local nursing homes for the last 20 years and a related home has just commenced supplies from the pharmacy so this new home of 60 beds is not represented in the profits as yet. The business keeps improving!
Asking Price:
Goodwill: $1,500,000
Stock: $300,000
Fittings: $100,000
Total: $1,900,000
Contact John King at john.king@pharmacysales.com.au or on 0418 383 664.
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747747
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SOLD
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$1,900,000
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