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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Northwest Michigan - Long established pharmacy on main street with liquor license. $1.5MM current sales vollume with high gross margins. One of only 4 stores in town. Building is also available. Asking $350K including guaranteed inventory of $200K.

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