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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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