Established Pharmacy Franchise for Sale - Own Health and Wealth!

Toronto, ON
Shelves ready to serve
Asking Price:$1,100,000
Inventory:$500,000
Established Year:2013
Gross Revenue:$1,589,000
EBITDA:$200,000
BUSINESS DESCRIPTION

Step into Success with this Well-Established Pharmacy Today. Don't lose sleep ov

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.


DETAILED INFORMATION
Location
Toronto, ON
Inventory
Included in asking price
Real Estate
Leased
Building SF
2,100
Lease Expiration
31/12/2029
Employees
7
Facilities
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.
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.
Growth & Expansion
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.
Financing
Debt and/or Cash
Support & Training
Owner will stay on for 3 months to train.
Reason for Selling
Moving on to new career
Franchise
This business is an established franchise
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Brian
Lagrange
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Brian Lagrange