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Pharmacies For Sale in Illinois
For additional information, please write to
Larry Greenfield.
In order to receive additional information about pharmacies on our
web site, you must have a current, fully executed nondisclosure
agreement on file with us.
Click here to download the agreement.
Thank you.
IL-1. Western
Illinois/bordering Iowa - Owners interested in
immediate sale!! All reasonable offers considered. A well-established
(35 years) full line pharmacy located in a pleasant community in Western Illinois,
175 miles west of Chicago, 150 miles north of Springfield, 20 miles east
of Davenport, IA. The store serves a trading area of 5,000 people with
no local competition whatsoever. Moline, IL is the closest metropolitan
area. 2007 reported sales of $1.77MM, stable sales rate, limited by the
size of the local market. Will report $1.85MM in 2008. 90%+ Rx sales,
full store margins of 19%++. Currently filling 30,000 Rxs annually, 5%
cash, the balance Managed Care. The
store is open from 9-6 M-F, 9-12 Sat, closed for lunch every weekday. 43
hours per week. It occupies a 1,200 sq. ft. space plus full basement for
storage. The real estate that the business occupies is included in the
asking price. The
store is currently staffed with a 1 FT pharmacist (co-owner), 3 PT techs, 1 PT 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 first time buyer to buy into an established situation in a pleasant
small town marketplace. 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 (such as compounding) that can provide significant additional
sales and profits. The lifestyle, from both a personal and a
professional standpoint, is high quality.
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