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Pharmacies For Sale in New Jersey
For additional information, please write to
Jim
Beatty.
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web site, you must have a current, fully executed nondisclosure
agreement on file with us.
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Thank you.
NJ-2. Union County - A long-established full line pharmacy
located in a populous middle class town in Union County. Less than 20
miles from the Lincoln and Holland Tunnels, easily accessible from all
major NJ Highways, this store serves a population of 20,000 people
within the local trading area. No local independent competition, only
three large chains. The store will report $2.25-$2.3MM in 2009 based on
owner's estimates. Recent closing of large gift and collectible business
contributed to a decline in volume and expenses vs. 2008, currently 95%
Rx business, gross margins of 20%++. It is currently filling 23,700 Rxs
annually, 15% PAAD, 6% cash, the balanced Managed Care &
Medicare/Medicaid. All traditional
retail scripts, no compounding, no specialty of any kind. The store is
open from 9:30-8 Mon-Fri, 9:30-6 Sat, 9:30-2 Sunday, 66 hours per week.
It occupies an 1,875 sq. ft. space plus large storage. Currently a
month-to-month tenant, current rent of $5,400.00 per month, landlord
willing to provide new lease for a new owner. The payroll includes 1 FT
pharmacist (one of the current owners), 1 PT pharmacist, 1 FT tech, 2 FT
clerks, PT bookkeeper. All are experienced and knowledgeable about the
customers and the local market. There is owner financing available for a
creditworthy and qualified buyer with a reasonable equity contribution.
This is an opportunity for a first time buyer who is energetic and
bright to manage a service oriented pharmacy in an area with no local
independent competition. This store can provide a reasonable living for
a new owner while paying down debt, can be put on a growth track with
the right person in charge. There are no doubt many specialty
opportunities in this market that can provide significant additional
sales and profits with the proper marketing efforts.
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