Pharmacies For Sale in Florida

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FL-1. Miami - A long-established independent pharmacy located in an upscale area of Miami, just south of Coral Gables. The store serves a trading area with a population of more than 15,000 people with limited independent competition, only large chains in close proximity. 2007 reported sales of $2.05MM, stable since 2005. 90%+ Rx sales, full store margins of 30%++. The store is currently filling 20,000 Rxs annually, 28% cash, NO Medicaid, 12% Compounded Rxs (also all cash), the balance traditional Managed Care plans. It is open from 10-6 M-F, 10-1 Sat, no nites, Sundays or holidays. 43 hours per week. It occupies a 1,500 sq. ft. facility in a strip center, has three years left on existing lease plus two five year options to renew. Current base rent of $3,900.00 per month plus CAM and taxes of $1,050.00 monthly. The store is staffed by 1 FT pharmacist (current owner), 2 FT techs, 1 FT clerk. All are experienced and knowledgeable about the customers and the local market. There is financing available for a creditworthy and qualified buyer with a reasonable equity contribution. This is an opportunity for a pharmacist who wants to build a compounding practice to own their own business and get a jump start on a great opportunity. This store can provide a reasonable 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, in addition to the compounding business (which is growing rapidly and adds significant profits to the business), which can be taken advantage of by an aggressive new owner.

FL-3. Panhandle Region - Two well-established full line pharmacies located in clinic/professional settings in this pleasant, middle class Florida city. The stores are only three miles apart, serve entirely different physician and patient populations. Limited independent competition in both locations, close to major hospitals as well. 2007 reported sales of $8.1MM, stable after a loss of 10% due to Medicare Part D. Full store margins of 19%, 98% Rx sales. Currently filling over 110,000 Rxs annually, 11% cash, 7% Medicaid, the balance Managed Care. The stores are open from 9-6 M-F, 9-12 Sat, no nites, Sundays or holidays. 48 hours per week. Both locations are slightly more than 1,000 sq. ft. of retail space, well located in first class buildings/areas. Long leases in place in both locations (2015 and 2020 expiration dates). Total rent load well under 1% of current sales. Both stores are fully staffed with pharmacists and technicians, all necessary personnel to manage these businesses. Owner works minimal hours as a pharmacist in both stores. There is financing available for a creditworthy and qualified buyer with a reasonable equity contribution. These stores can be purchased individually if a buyer so desires. This is an opportunity for an experienced pharmacist to buy into a growth situation in a pleasant Florida marketplace, one big enough to support these high volume clinic pharmacies. This business can provide a significant living for a new owner or two partners while paying down debt, will continue to grow with the right person in charge. There are no doubt specialty opportunities in this market (such as compounding), as yet unexplored by the current owner, that can provide significant additional sales and profits.

FL-5. Miami - A long-established full line pharmacy located in the heart of Little Havana, Miami's premier Hispanic marketplace. The store serves a heavily populated trading area with pharmacy and convenience services, is prominently located on the main shopping street in this area. 2005 reported sales of $1.8MM (excluding money orders and utility bill collections), has grown by $100K (8% growth rate) annually for three years in a row. 90% Rx sales, 10% OTC, big money order and utility bill payments which bring much traffic. 21%+ gross profit. Will fill 26,000+ Rxs in 2005, 7% cash, 37% Medicaid, the balance Managed Care, including some Medicare Part D. The store is open from 9-6 M-F, 8:30-3:00 Sat., no nites, Sundays or holidays. 51 hours per week. It occupies 1,500 sq. ft. space plus office and storage space. There is ample parking in the area, and the store is well located on a major local artery, has a current rent of $3,156.00 per month. There is a new lease available for a new owner. The store is staffed with a PT pharmacist, 1 full time tech and 1 full time sales clerk. There is financing available for a creditworthy and qualified buyer with a reasonable equity contribution. This is an opportunity for a young pharmacist, a first-time buyer, to buy into a growth situation, build a service business in this densely populated trading area. This store can provide a reasonable living for a new owner while paying down debt, will continue to grow rapidly with the right person in charge. There are specialty opportunities in this market (such as compounding) and certain long-term care/closed door business currently available that can provide significant additional sales and profits.

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