These business opportunities don't come along very often - be sure to be ready to make an offer! A fantastic pharmacy for sale in Newcastle operating off a stable base with the potential for further development and improvement. The numbers look great and there remains opportunity for refinement! A shopping centre destination without the usually high lease, this business is turning over $4.1 million with low operating expenses. Located on a major thoroughfare road, which is also a major route for a bus service, this pharmacy is exposed to high traffic - and the numbers presented indicate this.
This is an established and highly successful practice with a history spanning over forty years, generating fees of c.$3.9 million accounting and c.$1.1 million financial planning. The two major owners are committed to a smooth transition, remaining in the business for a minimum two- and four-years post-sale, while a 24% financial planning equity holder will retain their stake and continue long term. The practice has built a strong reputation on deep client relationships, timely work, proactive tax planning and integrated financial planning, with consistent growth driven by referrals. Profitability is strong at 42% before major owners' remuneration, and WIP and debtors are very well managed, with lock-up days of just 23. The client base is diverse and longstanding, with no material concentration risk the top 20 accounting client groups represent just 13% of gross fees. The team is experienced, maintains direct client relationships, and is engaged and thriving in a positive culture.