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Community Pharmacy With Great Growth Potential For Sale

Pretoria, Gauteng, South Africa
Asking Price:
R1,500,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
R1.5M - R3M
Cash Flow:
R60,000

2 year old non-franchised Community Pharmacy based just east of Pretoria is for sale to a pharmacist looking for a more relaxed life, whilst operating a business that can aggressively grow in a fairly captive market with the closest other pharmacy is about 15km's away.

The location of the pharmacy is absolutely fantastic in a retail center with only local Petrol Station, leading Supermarket, postal service company, vet and medical doctor as well. The other advantage is that the pharmacy is located inside extremely busy retail shop and all stock is dispensed (no stock theft) and has extremely safe.

The pharmacy also offer clinic services to the local blue collar working community and is slowly growing in popularity with services like - Blood Pressure tests, Injections and Family Planning services.

A savvy new owner can grow the business tremendously with basic advertising, proper stock levels and the current shop operates without RAM number to be issues shortly, allowing the new owner to claim from medical aids.

This is an opportunity not to be missed, walk in and grow from day 1.The area is has several 3 high end estates in close proximity and with deliveries and the ability to fill prescriptions the business can only grow.

Property Information

Real Estate:

Lease

Lease Terms:

Lease terms can be renegotiated with the landlord. The current total cost, including 2 staff salaries, rent and small items is less than R 30,000-00

Location:

Inside large grocery retail store east of pretoria, with captive audience

Premises Details:

The Pharmacy is well located at the entrance of a successful grocery retail shop and all customer have to walk past it as they enter the store. Safe, closed at night inside the grocery store and also all stock dispensed by staff, so no stock theft

Business Operation

Expansion Potential:

Better stock, current business survives on predominantly non-prescription meds and non-medical aid clients. The RAM number is to be issued imminently which means the new owner will be able to fill prescriptions and massively increase turn over.

Current owner does no advertising and does not even have a few boards. Most local business people fill up at the petrol station where you can easily advertise. There is also a doctor in the complex and another opening close by, that will provide a steady stream of new clients.

Although they do delivers little people within the community know this and this should also be a great opportunity in the area.

Competition / Market:

Closest competitor pharmacy is about 15km away, new developments may bring other competitors in the future but also massive growth. Planned Mega-City within 5kms and 3 high end estates.

Reasons for selling:

Owner wishes to sell due to ill health

Trading hours:

Monday to Saturday 08:30 to 17:30
Sunday 08:30 to 13:00

Landlord would prefer the same owners as grocer, which will increase turn over potential

Employees:
4 (Owner and his wife, Delivery (Bike) Driver and a Assistant (Non-Qualified). Can be negotiated
Years established:
2 years

Other Information

Support & training:

Owner can assist in short hand over, but very simple pharmacy to run

Furniture / Fixtures value:
R5,000,000 - included in the asking price
Inventory / Stock value:
R400,000 - included in the asking price

Contact TiestaGaurd (Pty) Ltd

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