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Pharmacies For Sale in New York
For additional information, please write to
Herb Tartak.
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web site, you must have a current, fully executed nondisclosure
agreement on file with us.
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NY-7. Forest Hills - A well-established full line pharmacy
with a growing HME business located in a densely populated part of
Queens. This store serves a trading area with a population of more than
25,000 people within walking distance of the store, has limited local
independent competition, none on the main avenue at all. 2009 sales of
$2.3MM, strong gross margins (25%), 95% Rx sales, solid net profits
after all expenses. Lottery, Western Union, other traffic building
programs in place. The store is currently filling 26,000 Rxs annually,
40% Medicaid, 2% cash, the balance Managed Care. All traditional retail
Rxs, compounding, no closed door accounts. It is open from 9-7 Monday
through Friday, currently closed on Saturday, open from 9-5 Sunday. 57
hours per week. It occupies a 2,100 sq. ft. space plus 3,000 sq. ft. of
storage. There is a new ten year lease available for a new owner.
Current base rent of $10,000.00 per month. The payroll includes 1 FT
pharmacist, 1 PT pharmacist, 1 FT tech, 2 FT clerks. All are experienced
and knowledgeable about the customers and the local market, which is
predominantly Russian. There is some 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 profitable
business that has plenty of room to grow with hands on management and
ownership. This busy location, coupled with the lack of much independent
competition and no specialty business of any kind provides an
opportunity to grow the business rapidly and increase earnings
substantially.
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