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Pharmacies For Sale in New
Mexico
For more information, please write to
Glenn Hall.
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NM-1. Northern New Mexico - A
well-established full line pharmacy and gift shop
located in a pleasant small town in New Mexico, close
to the Colorado border. This location is 170 miles
north of Albuquerque, 300 miles south of Denver. The
store serves a trading area with a population of more
than 4,000 people with no local competition
whatsoever. The nearest pharmacy is more than ninety
miles away. 2005 reported sales of $1.25MM, stable
sales rate for the past three years, will report
$1.3MM in 2006. 80%+ Rx sales, full store margins of
30%+. The store is currently filling 30,000 Rxs
annually, 33% cash, 18% Medicaid, the balance Managed
Care. The store services the local prison, fills 300
Rxs per month for the facility. It is open from 9-6
M-F, 9-5 Sat, no nites, Sundays or holidays. 53 hours
per week. It occupies 3,300 sq. ft. space including
550 sq. ft. of storage space. Long lease available at
starting rent of $2,450.00 per month, possible real
estate acquisition opportunity for the right buyer. It
employs a PT pharmacist, 1 FT tech, 3 PT clerks, all
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 young pharmacist to buy into a stable situation
in a pleasant small town marketplace, yet one big
enough to support this business very well. This store
can provide a significant living for a new owner while
paying down debt, can continue to provide high income
with the right person in charge. This is ideal for a
person or family who will enjoy the high quality
outdoor recreational life in this region and the
pleasant and safe small town living environment.
NM-2. Northeastern New Mexico - A
long-established, full line pharmacy located in a
pleasant small town in northern New Mexico, 125 miles
northeast of Santa Fe, 140 miles south of Pueblo, CO.
The store serves a trading area with a population of
more than 2,000 people (county population is 13,000)
with no local competition, the nearest pharmacy being
40 miles away to the north in Raton. 2007 reported
sales of $1.2MM, sales stable over the past three
years. 86%+ Rx sales, full store margins of 24%++.
Currently filling 26,000++ Rxs annually. 10% cash,
limited Medicaid, the balance Managed Care. Serving
local nursing home and prison as well. The store is
open from 8:30-5:30 M-F, no night or weekend hours. 45
hours per week. It occupies a 5,000 sq. ft. space
including 1,500 sq. ft. of storage space. Long lease
available at starting rent of $2,000.00 per month,
possible real estate acquisition opportunity for the
right buyer. The store is currently staffed with a FT
pharmacist (the current owner), 1 PT pharmacist, 1 FT
tech, 2 FT clerks. All are experienced and
knowledgeable about 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
first time buyer to buy into an easy to operate
business in a pleasant small town marketplace. This
store can provide a reasonable living for a new owner
while paying down debt, will start to grow with the
right person in charge. The store's hours need to be
expanded and there are no doubt some specialty
opportunities, such as expanding the DME business and
getting into compounding in this market, that can
provide significant additional sales and profits. This
is a wonderful area to live and work in.
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