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.

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