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Central Coast Region - A long-established (27 years) full line, full service pharmacy located in a lovely small town on the California coast. Located halfway between San Francisco and Los Angeles, 30 miles northwest of San Luis Obispo, this store serves a trading area with a population of 7,500 people, only one other local independent competitor, no chains at all in this marketplace. 12/31/09 reported sales of $1.55MM, stable full store margins of 27%, 80% Rx sales. The store is currently filling 25,000 Rxs annually, 11% cash, less than 1% Medi-Cal, the balance Managed Care. It is open from 9-5 M-F, 10-4 Sat and Sun (no pharmacy hours on Sunday). 52 hours weekly. It occupies a 2,000 sq. ft. retail space plus 500 sq. ft. of storage. Current lease expires in 2013. Base rent is $4,633.00 monthly including taxes and insurance. The required payroll includes 1 FT pharmacist (a new owner), 1 PT pharmacist, 1 FT tech, 2 FT clerks, PT bookkeeper, driver. Current staff are all knowledgeable about the customers and the local marketplace. There is financing available for a creditworthy and qualified buyer with a reasonable equity contribution. This is an opportunity for a young pharmacist with limited capital to purchase a well established pharmacy located in a very pleasant small town marketplace that has plenty of room to grow with hands on owner management. There are no doubt specialty opportunities in this marketplace, such as compounding and HME, that could help grow the business, along with longer hours and a more aggressive marketing approach.
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Central California - A long-established (46 years), full line pharmacy located in a very scenic part of Central California, at the base of scenic Sequoia National Park. 70 miles southeast of Fresno, 100 miles northeast of Bakersfield, this business serves a trading area with a permanent population of 2,500 people and a large and active tourist/visitor population who come to this area for the great outdoor sports activities, hiking, fishing and hunting. There is no competition whatsoever within 20 miles of this location. 12/31/10 reported sales of $1.45MM, stable full store margins of 22%++. 90% Rx sales, high margin front end business of private label merchandise, souvenirs and tourist items. The store is currently filling 24,000 Rxs annually, 10% cash, less than 2% Medi-Cal, the balance Managed Care. It is open from 9-6 Monday-Friday, no nights or weekend hours whatsoever. 45 hours per week. It occupies a 2,000 sq. ft. retail space including 225 sq. ft of storage. The current base rent is $1,550.00 monthly, lease runs through 6/13, landlord willing to discuss longer lease with a new owner. The payroll includes one full time tech and one full time clerk. The owner serves as the full time pharmacist. There is financing available for a creditworthy and qualified buyer with a reasonable equity contribution. This is an opportunity for a young pharmacist to own his or her own business and relocate to one of California's most scenic and pleasant small towns. This business can provide a reasonable living for a new owner who wants to work limited hours and enjoy a wonderful lifestyle in a pleasant environment, experiencing the positive aspects of small town life.
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Hollywood - A well-established full line pharmacy located in a very busy and populous area of West Hollywood. This store serves a trading area of more than 25,00 people within close proximity/walking distance. There is limited chain competition in the area, mostly small independents. The location is centered between what is known as "Little Armenia" to the south and "Thai Town" to the north, close to the large Kaiser Permanante facility on Sunset Blvd. 12/31/11 sales of $1.67MM, full store margins of 30%++. 98%++ Rx sales. The store is currently filling 22,000++ Rxs annually, 10% cash, 30% Medi-Cal, the balance traditional Managed Care plans. It is open from 10-6 M-F, no weekends, nights or holiday hours. 40 hours weekly, a true one shift operation. It occupies a 2,300 sq. ft. space including storage in a small shopping center. The current base rent is $90K annually including CAM charges. The landlord is open to negotiating a new lease with a new owner. The required payroll includes 1 FT pharmacist, 1 FT tech, 1 FT clerk and a part-time driver. All current personnel are knowledgeable about the customer and the local market. There is some 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 perhaps, to own his or her own business, earn a reasonable living and a good return on investment in this easy to manage store. The current owner is absentee. This store needs hands on ownership and some reasonable marketing efforts, attention to specialty segments, in order to grow the business. The buyer can earn a nice living while paying down debt and working to grow the business.
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Eastern California - A long-established (42 years in this location) full line pharmacy and general merchandise store located in a small town in eastern CA. 200 miles northeast of Los Angeles, 200 miles west of Las Vegas, 170 miles from Bakersfield, this store serves a trading area of more than 4,000 people, is the only pharmacy within 60 miles, no competition whatsoever, chain or independent. This popular tourist destination is at the base of the tallest mountain peak in the contiguous United States. Climbers from all over the world visit this community and its premier ski resorts, plus great hunting and fishing, hiking, fabulous Sierra mountain scenery. The area has the most film history of any city in the U.S. and is a frequent location for commercial and theatrical film production, more than 200 days per year. The store is a unique business, provides pharmacy services and a full line of general and seasonal merchandise to the local marketplace. 12/31/09 reported sales of $2.3MM, stable full store margins of 21%++, steady growth trends for the past three years, will report $2.45MM in 2010. 85% Rx sales. The store is currently filling 23,000 Rxs annually, 20% cash, 7% MediCal, the balance managed care. No closed door, specialty or compounding whatsoever. The pharmacy is open from 10-6 five days only, 40 hours per week. Retail hours are 9-9 Monday through Saturday, 9-5 on Sunday. It occupies a 4,000 sq. ft. retail space plus 1,000 sq. ft. of storage. There is a long lease available, starting base rent of $3,000.00 per month, possible real estate investment for an interested party. The store owner owns the building as well. The payroll includes 1 FT pharmacist (the current owner), 3 FT clerks, 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 young pharmacist to purchase a long-established and very profitable business in a pleasant small town with no competition whatsoever. This store can provide a substantial living for a new owner while paying down debt. The opportunity to purchase the real estate as well is an added attraction.
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Los Angeles - A long-established (18 years) specialty pharmacy located in the heart of Los Angeles. This store is one of Los Angeles' premier specialty pharmacies serving HIV-positive patients, has a long-standing reputation of providing the highest level of patient care and customer service in the area. Despite the competition for this customer segment, the store continues to grow year on year and earns very significant profits for its owner. FYE 7/31/11 reported sales of $7.456MM, up 1.5% from the prior year. Strong growth in the current fiscal year indicate that the business will report $8MM in the FYE 7/31/12. Gross margins of 31%, consistently reported. $1MM++ net profits after all expenses and payroll costs. The store is currently filling 30,000++ Rxs annually, all high value HIV medications and other products required by this patient sector. It is open from 8-6 Monday - Friday, no weekend, night or holiday hours. 50 hours weekly. It occupies a 2,700 sq. ft. space that includes 1,000 sq. ft. of office and storeroom space. Current base rent is $11,000.00 monthly. Two years left on existing lease plus two five year options to renew. The payroll includes 2 FT pharmacists (one of whom is the current owner), 2 FT techs, 2 FT clerks, FT bookkeeper, driver. All personnel are experienced and knowledgeable about the customers and the local market. Asking price is $3.5MM plus inventory. There is bank financing available for a creditworthy and qualified buyer with a minimum $500K equity contribution. This is an opportunity for an experienced operator to buy a highly profitable and well-established specialty pharmacy. This store has an unbroken twelve year track record of growth in sales and profits, has delivered 7 figure net profit for its owner for the past three years with no apparent reduction in profits, steadily increasing sales. For an owner currently involved in the HIV market this business will add to your marketshare and purchasing power or, for a first time buy who has the capital and experience, will provide a significant living and return on investment while paying down debt. If interested in this listing, please This e-mail address is being protected from spambots. You need JavaScript enabled to view it . |
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Southwest Florida - A long-established (41 years in this location) full lline pharmacy located in one of Southwest Florida's most pleasant and upscale resort/retirement communities. 100 miles west of Miami, 180 miles south of Tampa, this business serves a population of more than 15,000 residents whose average family income is 55% higher than US census averages. There are NO other independents in this captive market, only large chains and supermarket pharmacies which do not provide the level of service required by local residents. 5/31/10 reported sales of $2.4MM, will report $2.2MM for fiscal year ending 5/31/11. Stable full store margins of 35%++. 95%++ Rx sales. The store is currently filling 27,000 Rxs annually, strictly traditional retail, no closed door or specialty business of any kind. It is open from 9-6 Monday - Friday, 9-2 Saturday, no Sundays, nights or holidays. 50 hours weekly. It occupies a 2,800 sq. ft. retail space plus 200 sq. ft. of storage. Current lease has a base rent of $5,137.50 + taxes and CAM. It expires in 2012. Landlord open to negotiating a new, long lease with a new tenant/owner. The required payroll includes 1 FT pharmacist (the current owner), 1 PT pharmacist, 1 FT tech, 1 PT tech, 1 FT clerk, PT bookkeeper. There is financing available for a creditworthy and qualified buyer with a reasonable equity contribution. This is an opportunity for a pharmacist who wishes to enjoy the relaxed South Florida lifestyle to purchase an easy-to-operate independent pharmacy located in a solid, upscale market with no independent competition. This store needs new, motivated ownership, someone who can market and provide specialty services (such as compounding) to this community and seek out Assisted Living and other closed door opportunities.
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Palm Beach County - A long-established (50 years in this location), full line independent pharmacy located in an affluent suburb of Palm Beach. 12 miles north of Palm Beach Airport, 65 miles north of Ft. Lauderdale, this business serves an upscale trading area with a population of more than 12,000 people, is the only independent in the local marketplace. The store provides a level of personal service that cannot be matched by local chain competition and which is required by the local residents. 12/31/10 reported sales of $1.6MM, stable full store margins of 22%++. 95%++ Rx sales. The store is currently filling 25,000 Rxs annually, 50% cash, very limited Medicaid (less than 1%), the balance a broad mix of Managed Care payers. It is open from 9-7 Monday - Friday, 9-1 Saturday, no Sundays or holidays. 54 hours weekly. It occupies a 2,500 sq. ft. retail space plus small storage area. New, long lease available at starting base rent of $4,500.00 monthly. Good parking, easy access from the street, highly visible location. The payroll includes 1 PT pharmacist, 1 FT tech, 2 PT clerks. The current owner and his wife serve jointly as the full time pharmacist. There is financing available for a creditworthy and qualified buyer with a reasonable equity contribution. This is an opportunity for a young pharmacist to purchase a long established and profitable business and grow it by entering into new, specialty areas and increasing local area marketing efforts. The business will provide a reasonable salary for a new owner after debt service from day one, does not require any large investments other than the down payment for the acquisition.
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Southern Idaho - A long-established full line pharmacy and gift shop located in one of the most beautiful mountain settings in Southern Idaho. The local trading area includes 3,000 year-round residents, which grows to approximately 7,500 in the summer months. With year-round outdoor recreation options being plentiful, hunting, fishing, golf, skiing, boating and no competition within 30 miles, this business provides pharmacy services and much more to a captive audience, enjoys a great reputation with prescribers, patients and customers. 12/31/10 reported sales of $1.866MM, stable full store margins of 29%+. 70% Rx sales, the balance a mix of high margin sundries, gifts, jewelry, and traditional OTC and HBC products. The store is currently filling 28,000 Rxs annually, 10% cash, 5% Medicaid, the balance Managed Care plans. The store serves local ALF sites, the county jail and the local hospital as well. It is open from 9-6 Monday - Saturday, 10-4 Sunday (pharmacy department is closed on Sunday), 54 pharmacy hours, 60 hours total per week. It occupies a 6,000 sq. ft. retail space plus 1,200 sq. ft. of storage and office, including kitchen. Long lease available from building owner (who also owns the pharmacy), $2,000.00 base monthly rent, possible real estate investment opportunity for the right buyer. The required payroll includes 1 FT pharmacist (the current owner), 1 PT pharmacist, 2 FT techs, 5 FT clerks, PT bookkeeper. The current staff is long-tenured and very familiar with the customers, the prescribers and local market conditions and needs. There is seller financing available for a creditworthy and qualified buyer with a reasonable equity contribution. This is an opportunity for a pharmacist who enjoys small town living and the great outdoors to relocate to one of the most beautiful areas in the Northwest, and acquire a well-established and profitable business and earn a nice living while paying down debt.
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Central Illinois - A long-established full line store located in a pleasant small town in central Illinois. 75 miles southwest of Peoria, 45 miles west of Springfield, this store serves a trading area of 10,000 people, has no local independent competition whatsoever. Wal-Mart is the only chain in the area. 12/31/11 sales of $2.95MM, stable trends over the past three years, full store margins of 21%++. 95%++ Rx sales. The store is currently filling 65,000++ Rxs annually. Approximately 10,000 Rxs annually are for local closed door facilities. It is open from 9-6 Monday - Friday, 9-1 Saturday, no Sunday or holiday hours. 49 hours weekly. The business occupies a free standing building with 1,500 sq. ft. of selling space. Current monthly rent is $500.00. New, long lease available for a new owner. Projected payroll for a new owner, based on current level of Rx and sales activity, includes 1 FT pharmacist, 1 PT pharmacist, 2 FT techs, 2 FT clerks. There is possible bank financing available for a qualified and creditworthy buyer with a reasonable equity contribution. This is an opportunity for a young pharmacist, a first-time buyer, to purchase an established business that has reasonable growth potential. Absentee/corporate ownership, coupled with a recent change in strategic direction by its new owners, make this a good opportunity for a hands on, motivated owner. There are no doubt some specialty niches to explore and marketing efforts to be pursued that can grow this business and provide a comfortable living for a pharmacist and his family in this pleasant, small town environment. If interested in this listing, please This e-mail address is being protected from spambots. You need JavaScript enabled to view it . |
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Southwestern Illlinois - A long-established (29 years), full line independent pharmacy located in a mid-sized city in west-central IL. 50 miles west of Peoria, 40 miles south of Davenport, IA, this store serves a trading area with a population of 35,000 people, has limited competition, only one other independent in the town, the other competitors are all large chains that do not offer service. 1/31/11 reported sales of $3.65MM, on track to finish current fiscal year at $3.7MM, stable full store margins of 26%++. 95%++ Rx sales. The store is currently filling 72,000 Rxs annually, 8% cash, 16% medicaid, the balance Managed Care. It is open from 9-7 Monday & Friday, 9-6 Tuesday, Wednesday, Thursday, 9-5 Saturday, closed Sundays. 55 hours per week. It occupies a 2,000 sq. ft. retail space plus 430 sq. ft. of storage space. Long lease in place, base rent of $1,300.00 monthly, option to renew through 2020. The payroll includes 1 FT pharmacist (the current owner), 1 PT pharmacist, 4 FT techs, PT bookkeeper (owner's spouse). All are knowledgeable about the customers and the local marketplace. There is financing available for a creditworthy and qualified buyer with a reasonable equity contribution. This is an opportunity for a young pharmacist to buy a long established business that needs new management and a more aggressive marketing effort in order to grow the business to the next level. There are no doubt additional specialty opportunities in this marketplace (such as compounding) that can be explored and developed. The business will be able to provide a significant living for a new owner while paying down debt, as long as current levels of service are maintained.
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Northwestern Illinois - A long-established (35 years), full line independent pharmacy located in a pleasant small town in northwestern Illinois. 60 miles west of Rockford, 65 miles northeast of Davenport, IA, this store serves a local market of 2,000++ people, has no local competition whatsoever. The nearest independent is 10 miles away in the next town, along with a Pamida supermarket pharmacy, no chains within 30 miles of this location. 12/31/10 reported sales of $1.9MM, stable full store margins of 21%++. 90% Rx sales. The store is currently filling 35,000 Rxs annually, all traditional retail Rxs, no specialty or closed door of any kind. 4% cash, 13% Medicaid, the balance Managed Care. It is open from 8:30-5:30 Monday - Saturday, no nights, Sundays or holidays. 54 hours weekly. It occupies a 3,700 sq. ft. main floor space which includes 450 sq. ft. of storage, plus full basement. New long lease available at starting base rent of $2,000.00 monthly, possible real estate investment opportunity for a qualified buyer. The payroll includes 1 FT pharmacist (the current owner), 1 vacation relief pharmacist, 4 PT techs (one of whom is the owner's wife, two of whom are certified), 2 PT clerks. All are experienced and knowledgeable about the customers and the local marketplace. There is financing available for a creditworthy and qualified buyer with a reasonable equity contribution. This is an opportunity for a young pharmacist to buy a long established and stable independent pharmacy in a pleasant small town market, one with no competition at all in the local market. There are no doubt some specialty opportunities that can be pursued by a new owner, who will earn a reasonable living while paying down debt.
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Central Kansas - A long-established (80 years), highly profitable, full line pharmacy located in a pleasant small town in central Kansas, 160 miles NW of Wichita, 240 miles west of Kansas City. The store serves a trading area with a population of more than 10,000 people, has only one local independent competitor, no chains at all in the immediate area. 7/31/09 reported sales of $2.9MM, 95%+ Rx sales, stable full store margins of 28%++. The store is currently filling 59,000 Rxs annually, 7% Medicaid, 14% cash, the balance Managed Care. 30% of current Rx volume done with local ALFs and nursing homes. It is open from 9-6 Monday through Friday, 9-1 Saturday, no nights, Sundays or holidays. 50 hours per week. It occupies a 3,000 sq. ft. space which includes storage. Long lease available at reasonable rent (store owner owns the building), possible real estate investment for a qualified buyer. The payroll includes 1 FT pharmacist, 1 PT pharmacist, 2 FT techs, 2 FT clerks, PT bookkeeper, driver. All are experienced and knowledgeable about the customers and the local market. There is some owner financing available for a creditworthy and qualified buyer with a reasonable equity contribution. This is an opportunity for a young pharmacist to buy into a very high profit situation in a pleasant small town marketplace, yet one big enough to support this highly profitable pharmacy. This store can provide a significant living for a new owner while paying down debt, can 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.
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SouthShore Area - A long-established (48 years in this location, over 134 years in this town), full line pharmacy in a very pleasant, upscale suburb of Boston. 35 miles south of Boston, 55 miles east of Providence, RI, this store serves a trading area of more than 15,000 people, has no local independent competition whatsoever, only large chains and supermarket pharmacies which do not provide the level of personal service that the residents of this marketplace require. The store has been in the same family since 1937, was initially established in 1877. 12/31/11 estimated sales of $3.1MM after $3.3MM in 2010, stable full store margins of 21%, 95% Rx sales. The store is currently filling 46,200 Rxs annually, 36% of these for local closed door facilities, nursing homes, group homes, etc. 5% cash, 3% Medicaid, the balance Managed Care. It is open from 9-7 Monday - Friday, 9-5 Saturday, closed Sundays, 55 hours per week. It occupies a 2,700 sq. ft. retail space plus 900 sq. ft. of basement storage. There is a long lease available at starting base rent of $4,000.00 per month, possible real estate investment opportunity for the right party. The required payroll includes 1 FT pharmacist, 1 PT pharmacist, 2 FT techs, 2 FT clerks, driver. There is some financing available for a creditworthy and qualified buyer with a reasonable equity contribution. This is an opportunity for an experienced pharmacist to buy a long established pharmacy located in a very pleasant community, one with a great reputation for customer service. New management can undoubtedly grow the business by exploring other specialty niches such as compounding that are no doubt available in this market. A new owner can earn a very substantial living while paying down debt. If interested in this email, please This e-mail address is being protected from spambots. You need JavaScript enabled to view it . |
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Northeastern Michigan - A well-established (20 years), apothecary pharmacy located in a pleasant mid-sized city in northeastern Michigan. Located 250 miles north of Detroit, on Lake Huron, this business serves a trading area with a population of more than 15,000 people, has limited independent competition and a few large chains in the local market. 3/31/11 reported sales of $2.1MM, stable full store margins of 22%++. Stable sales rate, will report similar volume for the current fiscal year. 98%++ Rx sales. The store is currently filling 33,000 Rxs annually, 11% cash, 5% medicaid, small amount of compounded Rxs (10 per month) and LTC Rxs (90 per month) included in these numbers. It is open from 9:30 - 6 Monday - Friday, 9:30 - 1 Saturday, closed nights, Sundays, and holidays. 46 hours weekly. It occupies a 1,500 sq. ft. space which includes 480 sq. ft. of storage and office area. Five years left on existing lease, base rent of $1,447 per month, landlord open to a new, long lease for a new owner. The payroll includes 1 PT pharmacist, 1 FT tech, 2 FT clerks. It is anticipated that a new owner would serve as the FT pharmacist. There is financing available for a creditworthy and qualified buyer with a reasonable equity contribution. This is an opportunity for a young pharmacist to purchase a well-established business that has plenty of room to grow. It needs motviated management, some reasonably aggressive marketing activities and an attempt to penetrate one or more specialty niches, such as compounding.
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Central Michigan - A long-established and profitable full line pharmacy located in a shopping center next to a grocery store, with a separate entrance plus an entrance to the grocery store from inside the pharmacy. The location is in a town of 1,200 people located in Shiawassee County, in the Owosso metro area with a population of 73,000, 20 miles northeast of Lansing. No local competition whatsoever, nearest pharmacy is 7 miles away. Reported sales of $2.9MM in 2007, of $2.7MM in 2008, $2.8MM in 2009 for the year ending 6/30/09, $2.4MM for the year ending 6/30/10. 93%+ Rx sales, stable full store margins of 20%+. The store is currently filling 44,000 Rxs annually, 10% cash, 5% Medicaid, the balance Managed Care. It is open from 9am to 7pm Monday through Friday, 9 to 6 on Saturday, closed Sunday, 58 hours weekly. It occupies a 5,000 sq. ft. space including 400 sq. ft. of storage. Four years left on existing lease plus 2 five year options. Current rent of $3,723.00 per month. An additional 2500 sq. ft. space is available for expansion with room for a drive-up window. The payroll includes 1 FT pharmacist, 1 PT pharmacist (the current owner - 20 hours weekly), 4 FT techs, 2 FT cashiers, 2 PT cashiers. All are experienced and knowledgeable about the customers and the local market. There is some owner financing available for a creditworthy and qualified buyer with a 50% equity contribution. This is an opportunity for an experienced pharmacist to buy into a profitable situation in a pleasant rural marketplace, yet relatively close to larger metro areas. 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 (such as compounding) in this market that can provide significant additional sales and profits with the proper marketing efforts.
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Eastern Michigan - A long established (70 years in the same location) full line pharmacy located in an upscale suburb of Detroit, 35 miles north of the city along Lake St. Clair. The only independent in this upper income marketplace (median family income is 40% higher than MI median), a town with a population of almost 10,000 people. The store is located on a highly visible corner in the downtown area, close to the lake front. It occupies a 1,600 sq. ft. space which can be leased on favorable terms or the building can be purchased from the current owner, who is also the owner of the pharmacy. Current sales are just short of $2MM annually, 18%++ gross profit, strong net after all expenses due to low operating overhead. The store is currently filling 29,000 prescriptions per year, 6% cash, limited to no Medicaid, the balance traditional managed care. It is open from 9 to 6 Monday, Wednesday and Saturday, 9-8 Tuesday, Thursday and Friday, closed Sundays and all holidays. 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 a growth situation in a pleasant small town marketplace. This store can provide a reasonable living for an enthusiastic and motivated owner while paying down debt, will commence to grow with the right person in charge. There are no doubt specialty opportunities in this market (such as compounding, certain closed door opportunities) that can provide significant additional sales and profits.
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Central Michigan - A long-established (in this location for 112 years), profitable full line pharmacy located on the main street of a pleasant small town located on Lake Michigan. The town has a population of 2,700 people and the county in which it sits has a population of 27,000. Sales of $2.0 MM in 2009. 83%+ Rx sales, stable full store margins of 22%++. The store is currently filling 23,200 Rxs annually, 10% cash, 5% Medicaid, the balance Managed Care. It is open from 8-6 Monday through Friday, 9-5 Saturday, closed Sundays. It occupies a 1600 sq. ft. space plus 200 sq. ft. of storage on main floor and 1600 sq. ft. in basement. Building is owned by pharmacy owner who will lease it for $3,000 per month and provide a long term lease. The payroll includes one FT pharmacist (the current owner), 1 PT pharmacist, 1 FT tech, 3 FT clerks and 1 PT clerk. All are experienced and knowledgeable about the customers and the local market. There is some owner financing available for a creditworthy and qualified buyer with a 50% equity contribution. This is an excellent opportunity for a pharmacist to buy into a profitable situation in a small town. This store can provide a nice 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 additional sales and profits with the proper marketing efforts.
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Central Michigan - A long-established pharmacy, 21 years in this location, a profitable full line pharmacy located on busy street in a small town in Central Michigan, located just 9 miles from the county seat in this county of 85,000 people. The village has a population of over 1,000 people. There is no competition whatsoever in the local marketplace. The store did $2.3MM in FY-2010 ending 3/31/2010. 96% Rx sales, will report $2.4MM in the current fiscal year, has stable, full store margins of 21%++. The store is filling 40,100 Rxs annually. It is open from 9-6 Monday through Friday, 9-2 Saturday, closed Sunday, 50 hours weekly. It occupies a 4,400 sq. ft. space plus 120 sq. ft. storage on main floor. The building is owned by the pharmacy owner who is willing to lease it to a new owner for $3,500 per month on a long term lease. The payroll includes 1 FT pharmacist (the current owner), 2 FT techs, 2 FT clerks. All are experienced and knowledgeable about the customers and the local market. There is some owner financing available for a creditworthy and qualified buyer with a 50% equity contribution. This is an excellent opportunity for a young pharmacist to buy into a profitable situation in a very pleasant small town. This store can provide a nice 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 additional sales and profits with the proper marketing efforts.
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Western Michigan - A long-established (30 years in this location) full line pharmacy located in Muskegon county, in a small town 20 miles east of Muskegon. This store serves a trading area of 2,500 people, has no local competition whatsoever, the nearest pharmacy being more than ten miles away. Reported sales as of 12/31/10 were $1.76MM, gross profit of 22%++. The store is currently filling 32,000 Rxs annually. It is open from 9am - 7pm Monday through Friday, 9am - 3pm on Saturday, closed Sundays and all holidays. 56 hours weekly. It occupies a 5,000 sq. ft. free standing building, has ample customer parking on site. The pharmacy owner owns the building as well, will provide a long term lease at reasonable rent or sell the property if a buyer wishes to acquire it. This is an opportunity for a young pharmacist to purchase a well established and profitable business in a pleasant suburban marketplace. There is the opportunity to earn a reasonable living while paying down debt. There are no doubt specialty opportunities in this market that can be explored and developed by a new, motivated owner with some marketing skills.
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Southern North Dakota - A long-established, full line pharmacy located in a pleasant mid-sized city in southern North Dakota, 100 miles east of Bismarck, 325 miles west of the Twin Cities. The pharmacy serves a trading area of more than 20,000 people with limited competition, three other local independents, no major chains in the marketplace. There are three large clinics in town and a new regional medical center is currently under construction. 12/31/09 reported sales of $4.16MM, stable full store margins of 21%++. 95%+ Rx sales. The store is currently filling 70,000 Rxs annually, 15% cash, 5% Medicaid, the balance Managed Care. The pharmacy fills approximately 1,200 Rxs per month for local nursing homes and assisted living facilities. The store is open from 8:30-6 M-F, 8:30-1 Saturday, closed Sundays and holidays. 52 hours weekly. It occupies an 1,800 sq. ft. retail space with additional storage space available. The business owner owns the building as well, will offer a favorable lease with a base rent of $1,500.00 monthly to a new owner. Possible real estate investment opportunity for the right buyer. The required payroll includes 1 FT pharmacist, 1 PT pharmacist, 2 FT techs, 2 FT clerks, PT bookkeeper, driver. All are knowledgeable and experienced as regards 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 young pharmacist to buy into a profitable business in a pleasant mid-sized city, one in which service plays a big role in customer loyalty and growth. 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 and DME/HME sales) that can provide significant additional sales and profits with the proper marketing efforts.
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Central Nebraska - A long-established (77 years of consistent family ownership), full line pharmacy and gift shop located in a mid-sized town in central Nebraska. 220 miles west of Omaha, 325 miles east of Denver, this business serves a local marketplace of some 15,000 people (it is located in the county seat of Dawson County), has limited local competition for pharmacy services (one small independent and a WalMart are the only other pharmacies within 35 miles) and offers a product mix of fine gifts, sundries and general merchandise not found anywhere else in this market. 9/30/10 reported sales of $5.4MM, stable full store margins of 25%++. 80% Rx sales, including a separate closed door pharmacy business, large high margin front end business in gifts, cards and other sundry items. The store is currently filling 85,000 retail Rxs annually, plus an additional 13,000 for closed door facilities, SNFs, ALFs, group homes, county jail. 75% generic dispensing. Retail business stable, closed door business (separate license, inventory, etc.) is growing nicely, the only local provider. It is open from 8-7 Monday - Friday, 8-5 Saturday, closed Sundays. 64 hours weekly. It occupies a 12,000 sq. ft. retail space plus an additional 6,000 sq. ft. of storage and offices. Business owner owns the building, will provide a long term lease at reasonable market rates or will sell the building to a purchaser of the business. The payroll includes the complete staff necessary to manage this business. The staff is long-tenured and highly experienced, knows the customers and the local market well. There is financing available for a creditworthy and qualified buyer with a reasonable equity contribution. This is an opportunity for an experienced operator to acquire a long-established, highly regarded retail business, one that has great margins, provides many exclusive products and services to this middle class Midwestern marketplace and will provide a substantial living for a new owner while paying down the debt.
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Middlesex County - A long-established (100 years in this location), full line pharmacy located in a mid-sized Middlesex County city. 25 miles south of Jersey City, just ten miles from Edison, this business serves a solid middle class trading area with 10,000 residents in it. There are two chain stores (both Rite Aids) and three other independents in the market. 12/31/11 sales of $780K, stable full store margins of 22%++. 95%++ Rx sales. The store is currently filling 10,000 Rxs annually, 5.5% cash, 6.5% Medicaid, the balance Managed Care. It is open from 9-7:30 Monday - Friday, 9-2:00 Saturday, closed Sundays and holidays. 57 hours weekly. It occupies a 2,000 sq. ft. retail space plus 2,000 sq. ft. of storage. New long lease available at starting base rent of $2,000.00 monthly. Possible real estate investment for the right buyer, as store owner owns the building as well. Payroll includes one full time clerk. The current owner works all the hours as the full time pharmacist. There is financing available for a creditworthy and qualified buyer with a reasonable equity contribution. This is an opportunity for a young pharmacist, first time buyer, to purchase a long established pharmacy in a nice market that needs new, energetic and enthusiastic management to grow into a much more substantial business. The convenient location and long-standing reputation of this store will enable a new owner to grow the business by marketing services to the community, possibly entering some specialty niche. If interested in this listing, please This e-mail address is being protected from spambots. You need JavaScript enabled to view it . |
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