Rockland County - A well-established full line pharmacy located in a busy and very populous Rockland County community. The city has a population of more than 25,000 people, is easily accessible from Jersey as well as New York City. Mostly small independents in this local market, limited chain store incursion due to lack of appropriate sites. 12/31/09 reported sales of $3.15MM, will generate $2.95MM in sales as of 12/31/10. 85%+ Rx sales, stable full store margins of 20%++. The store is currently filling 30,000 Rxs annually, 23% Medicaid, 5% cash, the balance Managed Care. No specialty or closed door business of any kind at this time. It is open from 9-8 Monday through Friday, 9-6 Saturday, closed Sundays and holidays. 64 hours weekly. It occupies a 4,000 sq. ft. space which includes 200 sq. ft. of storage. Current occupancy costs are $7,000+ per month including taxes and CAM. Lease runs until 2010. The required payroll includes 1 FT pharmacist, 1 PT pharmacist, 1 FT tech, 2 PT techs, 3 PT clerks. 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 into a well-established business in a very busy suburban marketplace. This store can provide a reasonable living for a new owner while paying down debt, will continue to grow with the right person in charge. It needs motivated, hands on owner management in order to grow. There are no doubt many specialty opportunities (compounding, closed door providing for example) in this market that can provide significant additional sales and profits with the proper marketing efforts.

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