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Pharmacies For Sale in Maryland

For additional information, please write to Herb Tartak.

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MD-1. North-Central Maryland - A well-established, two-store operation in north-central Maryland, both stores located in pleasant small towns just six miles apart. 80 miles west of Baltimore, 80 miles south of Harrisburg, PA, close to Hagerstown, MD. The stores serve a local trading area with a population of more than 10,000 people, have limited local competition. The larger store is the only store in the town. The smaller one has one local independent competitor and a number of chain competitors. These stores will report $4.5MM for 2006, sales split approximately 60/40. Full store margins of 18%. 90%++ Rx sales. Both stores growing at approximately 8% annually. The stores are currently filling 62,000 Rxs annually, 11% cash, 15% Medicaid, the balanced Managed Care. The hours are 9-6 M-F, 9-12 Sat, no nites, Sundays or holidays. 48 hours per week in each store. These stores occupy unique spaces, one is a private home converted to retail space.  They are well laid out, very attractive, have ample parking available. The higher volume location is owned by the seller, could be available for acquisition under the right circumstances. The other location is leased, has a current rent of $1,200.00 per month. Both stores are fully staffed with pharmacists, techs and clerks, with the owner working as one of the full time pharmacists, his wife as the bookkeeper. There is financing available for a creditworthy and qualified buyer with a reasonable equity contribution. This is an opportunity for a two man partnership to buy into a growth situation in two pleasant small town marketplaces, continue to grow this business with hands on management. These stores can provide a reasonable living for two partners while paying down debt, will continue to grow with the right person in charge. Limited competition and a changing environment provide much opportunity to expand services to the community, possibly capture certain other opportunities. There are no doubt specialty opportunities in this market (such as compounding) that can provide significant additional sales and profits.

 

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Last modified:
August 26, 2008

All financial information about pharmacies listed and buyer's qualifications are representations of the principals, and are not guaranteed in any way by Buy-Sell A Pharmacy.com. Buyers and Sellers are urged to perform all necessary due diligence through whatever means they are most comfortable with prior to entering into a transaction to buy or sell any pharmacy listed on this website.
 
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