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.

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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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