Pharmacies For Sale in
Alabama
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Steve Van Velkinburgh.
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AL-1. Central Alabama - A long-established, highly
profitable full line and compounding pharmacy located in
a pleasant mid-sized city in north-central Alabama.
Fifty miles north of Birmingham, 200 miles west of
Atlanta, the store serves a trading area with a
population of more than 75,000 people, is very well
located in close proximity to a large regional medical
center surrounded by professional/medical office
buildings. 2009 reported sales of $2.65MM, 85-90%+ Rx
sales, stable full store margins of 37%++. The store is
currently filling 45,000++ Rxs annually, 20% Medicaid,
13% cash, the balance Managed Care. Currently doing 450
compounds per month ($30,000.00 in monthly sales) and
growing. It is open from 9-6 Monday through Friday. No
nights, Saturday, Sundays or holidays. 45 hours per
week. It occupies a 3,500 sq. ft. space including 500
sq. ft. of storage, has two drive up windows. Long lease
available for a new owner, proposed base rent of $4K per
month, landlord willing to expand facility up to 8,500
sq. ft. if buyer is interested. The payroll includes 2
FT pharmacists, 3 FT techs, 3 PT techs, 2 FT clerks, PT
bookkeeper. All are experienced and knowledgeable about
the customers and the local market. There is owner
financing available for a creditworthy and qualified
buyer with a reasonable equity contribution. This is an
opportunity for an experienced pharmacist to buy into a
very high profit situation in a pleasant suburban
marketplace, one big enough to support this pharmacy and
afford significant growth opportunities. This store can
provide a significant living for a new owner while
paying down debt, will continue to grow with the right
person in charge. There are no doubt specialty
opportunities in this market that can provide
significant additional sales and profits with the proper
marketing efforts, including the current compounding
capabilities, possible expansion opportunity for the
right buyer.
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