Southern North Dakota -  A long-established, full line pharmacy located in a pleasant mid-sized city in southern North Dakota, 100 miles east of Bismarck, 325 miles west of the Twin Cities. The pharmacy serves a trading area of more than 20,000 people with limited competition, three other local independents, no major chains in the marketplace. There are three large clinics in town and a new regional medical center is currently under construction. 12/31/09 reported sales of $4.16MM, stable full store margins of 21%++. 95%+ Rx sales. The store is currently filling 70,000 Rxs annually, 15% cash, 5% Medicaid, the balance Managed Care. The pharmacy fills approximately 1,200 Rxs per month for local nursing homes and assisted living facilities. The store is open from 8:30-6 M-F, 8:30-1 Saturday, closed Sundays and holidays. 52 hours weekly. It occupies an 1,800 sq. ft. retail space with additional storage space available. The business owner owns the building as well, will offer a favorable lease with a base rent of $1,500.00 monthly to a new owner. Possible real estate investment opportunity for the right buyer. The required payroll includes 1 FT pharmacist, 1 PT pharmacist, 2 FT techs, 2 FT clerks, PT bookkeeper, driver. All are knowledgeable and experienced as regards the customers and the local market. 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 profitable business in a pleasant mid-sized city, one in which service plays a big role in customer loyalty and growth. 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. There are no doubt specialty opportunities in this market (such as compounding and DME/HME sales) that can provide significant additional sales and profits with the proper marketing efforts.

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