Pharmacies For Sale in New York

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NY-1. Westchester County - A well-established and growing clinic/apothecary pharmacy located in a small medical building in Westchester's largest city. 25 miles north of New York City, easily accessible from North Jersey as well via the Tappan Zee Bridge. This store serves a trading area with a population of more than 50,000 people with limited independent competition, is located in a small medical building just north of the City. 2008 reported sales of $2.42MM, growing at a rate of 8% annually, will report $2.57MM in 2009. 95%+ Rx sales, full store margins of 24%++. The store is currently filling 35,000 Rxs annually, 2% cash, 1% Medicaid, the balance Managed Care. It is open from 9-7 M-F, 9-3 Sat, no nites, Sundays or holidays. 56 hours per week. It occupies a 2,000 sq. ft. space including 175 sq. ft. of storage space. The current lease has ten years left on it, current rent of $6,500.00 per month. The store is staffed by 1 FT pharmacist (the current owner), 1 PT pharmacist, 1 FT tech, 1 FT clerk. 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 to buy into a growth situation in a pleasant suburban marketplace. This pharmacy is easy to operate and can provide a significant living for a new owner while paying down debt, will continue to grow with the right person in charge. The current owner is absentee, cannot devote the time and effort required to build this business to its true potential. There are no doubt specialty opportunities in this market (such as compounding) that can provide significant additional sales and profits. 

NY-2. Rochester Suburbs - A well-established, highly profitable two store group located in the greater Rochester metropolitan area, 25 miles from downtown Rochester, 300 miles north of New York City. These stores are located only six miles apart, serve a trading area with a combined population of more than 30,000 people with limited independent competition. The main store has a strong and growing veterinary compounding business in addition to substantial traditional compounding activities. 2009 reported sales of $7.52MM, will report $7.6MM++ in 2010. 95%+ Rx sales, stable full store margins of 30%++ due to highly profitable compounding business and strong generic sales, some group home and special packaging business as well, a solid mix of profitable Rx business. Currently filling 122,000 Rxs annually, 5% cash, 12% Medicaid, 4,000++ veterinary compounds which are cash only @ 92% GM - $48.50/Rx, the balance Managed Care which includes 2,500 human compounds at 86% GM - $77.00/Rx. The stores are open from 10-6 Monday through Friday, 10-1 or 2-5 Saturdays, no nights, Sundays or holiday hours, 43 hours per week. One store occupies a 1,200 sq. ft. space including storage, the other a 4,000 sq. ft. space including a 1,000 sq. ft. fully equipped compounding lab. Total rent for the two locations is currently $65K annually (.9% of gross sales), long leases are available for a new owner. The stores use a Tech Rx/NDC computer system. The larger store has an SP200 Robot and a fully equipped compounding lab with clean room. The payroll includes a complete staff to manage both businesses, pharmacists, technicians, clerks, drivers. The current owner serves as the FT pharmacist in one location and his spouse/owner is the troubleshooter/general manager. All personnel are experienced and knowledgeable about the customers and the local market. There is financing available for a creditworthy and qualified buyer with a significant equity contribution. This is an excellent opportunity for an experienced owner to buy into a very high profit situation in a busy suburban marketplace. This business has the ability to grow significantly with off premises marketing activity, can service the debt and still provide an excellent ROI on invested capital after all operating expenses are paid. Their well established and highly profitable compounding activities can be grown significantly with some aggressive marketing efforts.

NY-5. Putnam County - A long-established (43 years in this location), full line pharmacy located in an upscale Putnam County suburb. Just 60 miles from the New York City border, this store serves a trading area with a population of more than 15,000 people with no local independent competition, only large chains and supermarket pharmacies that do not offer the services the residents of this market require. 4/30/09 reported sales of $3.3MM, will generate $3.5MM in sales as of 4/30/10. 85%+ Rx sales, stable full store margins of 18%++. The store is currently filling 36,000 Rxs annually, 4% Medicaid, 5% cash, the balance Managed Care. All traditional retail Rxs, no specialty, no compounding, no closed door accounts. It is open from 9-8 Monday through Friday, 9-5 Saturday, closed all Sundays or holidays. 63 hours per week. It occupies 3,600 sq. ft. space plus 1,000 sq. ft. of storage. Five years left on existing lease, current rent of $5,000.00 per month, free standing building with its own parking located on the busiest street in the community, right to purchase the property at the end of the least term once value is established. The current staffing includes 1 FT pharmacist, 1 PT pharmacist, 2 FT techs, 2 FT clerks. All are experienced and knowledgeable about the customers and the local market. There is some owner financing 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 very upscale suburban marketplace, one in which service plays a big role for a new owner while paying down debt, will continue to grow 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.

NY-6. Manhattan East Side - A well-established (3 years in this location), rapidly growing, high volume, apothecary pharmacy located in a densely populated part of Upper Manhattan. This stores serves a trading area with a population of more than 25,000 people within walking distance of the store, has limited local competition. 2009 sales of $4MM, currently running at a $5.5MM annual rate. 100%+ Rx sales, stable full store margins of 14%++. The store is currently filling 40,000 Rxs annually, 83% Medicaid, 2% cash, the balance Managed Care. All traditional retail Rxs, no compounding, no closed door accounts. Local clinics provide high value specialty Rxs as well as traditional ones. It is open from 9-6 Monday through Friday, 10-3 Saturday, closed all Sundays or holidays. 51 hours per week. It occupies a 400 sq. ft. space plus 400 sq. ft. of storage. Six years left on existing lease, current rent of $2,500.00 per month, ten year renewal option. The required staffing includes 1 FT pharmacist, 1 FT tech, 1 FT clerk. Current staff are experienced and knowledgeable about the customers and the local market. There is some owner financing available for a creditworthy and qualified buyer with a reasonable equity contribution. This is an opportunity for an experienced multi-store operator or a first time buyer to buy into a highly profitable business that is continuing to grow very rapidly since it was opened three years ago. The unique location and low operating costs make it a real money maker. This store can provide a significant living for a new owner while paying down debt, will continue to grow with the right person in charge.

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