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Pharmacies For Sale in New York
For additional information, please write to
Herb Tartak.
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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. 2007 reported sales of $2.54MM, growing
at a rate of 8% annually, will report $2.7MM in 2008. 95%+ Rx sales,
full store margins of 20%++. 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. There are no doubt specialty
opportunities in this market (such as compounding) that can provide
significant additional sales and profits.
NY-5. Manhattan - A well-established, fast growing apothecary
pharmacy located in a rapidly gentrifying neighborhood in Manhattan.
Open only three years, this store is in one of the hottest parts of
downtown Manhattan, many large national retailers in the area, limited
pharmacy competition. 2007 reported sales of $1.5MM, double what they
were in 2006, will report $3.4MM in 2008 based on sales through July of
this year. 90%+ Rx sales, full store margins of 18%++. The store is
currently filling 25,000 Rxs annually, 15% cash, 35% Medicaid, the
balance Managed Care. Average Rx price is over $100.00. Some compounding
being done (10 or so per month), plenty of opportunity to grow this
segment with some marketing efforts. It is open from 8:30-8:00 M-F, 10-6
Sat, no nites, Sundays or holidays. 63 hours per week. It occupies a 500
sq. ft. space including 30 sq. ft. of storage space. Current rent of $5,200
monthly, 7 years left on existing lease. The store has an Opus computer
system, features Mustela baby products, Solgar vitamins and other high
end exclusive product lines. It is staffed with 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 some owner financing available for a creditworthy and qualified
buyer to buy into a very strong growth situation in an upscale and
rapidly gentrifying marketplace in Manhattan. 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.
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