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LA County - A long-established (18 years) apothecary pharmacy and DME business located in a large, fully occupied medical building (40 physicians) inside a hospital campus. Just 25 miles south of downtown Los Angeles, this pharmacy serves a trading area with a population of more than 100,000 people, is located on the campus of a large regional division of Los Angeles General Hospital. 5/31/12 sales of $7.22MM, stable trends over the past three years, full store margins of 25%++, 85%++ Rx sales. DME rentals and sales are 5% of gross sales, Medicare Part B provider. The store is currently filling 54,000++ Rxs annually, 4% cash, 5% medi-Cal, the balance traditional Managed Care plans. It is open from 8:30-6 Monday - Friday, 9-2 Saturday no Sunday or holiday hours. 52 hours weekly. It occupies a 2,200 sq. ft. space which includes 350 sq. ft. of storage. The current lease runs through 2015 and there is a five year option to renew as well. Current monthly rent, including all CAM charges and taxes, is $10K. The required payroll includes 2 FT pharmacists, 3 FT techs, 3 FT clerks, FT bookkeeper, driver/stockperson. All personnel are experienced and knowedgeable about the customers and the local market. There is 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 in an excellent location. This store delivers very high profits to its owner, who is retiring. He has continued to manage the business successfully but has not explored or exploited possible specialty niches or done any serious marketing of any kind. This is an ideal opportunity for an aggressive multi-store owner who wants to continue to grow his network of pharmacies, as it can support a full staff of people and provide strong returns at the same time, while paying down any debt incurred in the transaction. 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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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. 12/31/11 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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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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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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West Texas - A long-established (55 years in same location), full line pharmacy located in a pleasant small town in West Texas, 100 miles west of Midland-Odessa, 200 miles east of El Paso, close to the New Mexico border. The store serves a trading area with a population of more than 15,000 people with limited local competition, only one other independent and a WalMart. 2011 reported sales of $1.72MM, modest sales growth over the past three years. 80% Rx, 20% OTC. The store is currently filling 26,000 Rxs annually, 13% cash, 10% Medicaid, the balance Managed Care. It is open from 8-6:30 Monday - Friday, 9-12 Saturday, no nights, Sundays or holidays. 55 hours per week. It occupies a 6,000 sq. ft. space including 1,500 sq. ft. of storage space. The building the store occupies is included in the purchase price. The current staffing includes: 1 FT pharmacist (the current owner), 1 PT pharmacist, 1 FT tech, 2 FT clerks. All are experienced and knowledgeable about the customers and the local market. The owner is retiring, and is highly motivated, will provide an excellent price/value, including all assets and the real property, for a qualified buyer. There is some owner financing available. This is an opportunity for a young pharmacist, first-time buyer, possibly with limited capital to invest, to buy into a growth situation in a pleasant small town marketplace. 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. The large front end adds to gross margins and needs to be managed well. There are no doubt specialty opportunities in this market (such as compounding) that can provide significant additional sales and profits. 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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Central Texas (Hill Country) - A long-established (38 years), full-line retail independent pharmacy, the only pharmacy in the county, with a telepharmacy component operating under the same roof that serves remote health clinics in the area. The nearest independent competitor is 30 miles away and is owned by the same owner as this business. This second location could be incorporated into the package for an interested and aggressive buyer. The nearest chain pharmacy is 53 miles away. The business enjoys an excellent reputation throughout the county, population 4,700. Sales for the combined retail and telepharmacy entity are $3.6MM for FYE 7/31/12 (the second store does an additional $1MM in annual sales). Recent trends indicate steady growth, much additional opportunity in the rural health clinic provider business. Full store margins of 21%. These two businesses are currently filling 63,000++ Rxs annually in the two units, 55,000 at retail, 8,000++ in the telepharmacy division, 15% cash, 7% Medicaid, the balance Managed Care. They are open from 8-6 M-F, 8:30 - 6 Saturday, no Sunday or holiday hours. 60 hours weekly. They collectively occupy a 5,000 sq. ft. space in a shopping center which is owned by the pharmacy owner. A new, long-term lease is available at a starting base rent of $4,000.00 per month. There is a possible real estate acquisition opportunity as well. The required payroll includes 2 FT pharmacists, 3 FT techs, 2 FT clerks, PT bookkeeper, driver/stockperson. The current staff members are all experienced and knowledgeable about the customers and the local market. The owner is highly motivated and will be flexible with his terms for a serious buyer. There may be some financing available for a creditworthy and qualified buyer with a reasonable equity contribution. This is an opportunity for an experienced operator to buy a profitable and well established business in a marketplace that has absolutely no competition. This business, both components, can be easily managed by one competent individual. The current owners are ready for retirement, have not explored or exploited other specialty niches except for the rural health clinic business and have not done any serious marketing. There is a second remote location for the telepharmacy piece that is getting ready to come on line. The lack of any competition makes this an ideal opportunity for an aggressive multi-store owner who wants to continue to grow his network of pharmacies. 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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Central Texas - A long-established, (over 100 years old, 30 years under the current ownership) full line pharmacy located in a pleasant mid-sized community in Central Texas. Just 50 miles south of Abilene, 200 miles west of Dallas, the store serves a trading area with a population of more than 13,000 people with very limited local competition (one small independent), no chains within 30 miles of this location. Seller recently acquired his largest local competitor. 2008 reported sales of $1.7MM, will report $2MM in 2009, on track for $2.3MM in 2010, based on growth from recent acquisition. 97%+ Rx sales, stable full store margins of 20%++. The store is currently filling 39,000+ Rxs annually, 40% Medicaid, 12% cash, the balance Managed Care. Currently filling 50 compounded Rxs monthly and 110 per week for patients residing in local nursing homes. The store is open from 8-6 M-F, 8-1 Sat, no nights, Sundays or holidays. 55 hours per week. It occupies a 3,000 sq. ft. space including 250 sq. ft. of storage. There is a long lease available and the current base rent is $600.00 monthly. The staffing includes 1 FT pharmacist (the current owner), 2 PT techs, 2 FT clerks, 2 PT clerks. There is owner financing available for a creditworthy and qualified buyer with a 50% equity contribution. This is an opportunity for a first-time buyer to buy into a well-established business located in a pleasant small town environment. This store can provide a very comfortable 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 be capitalized upon to provide additional sales and profits with the proper marketing efforts.
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