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Pharmacies For Sale in New York

For additional information, please write to Herb Tartak.

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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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Last modified:
July 29, 2010

All financial information about pharmacies listed and buyer's qualifications are representations of the principals, and are not guaranteed in any way by Buy-Sell A Pharmacy.com. Buyers and Sellers are urged to perform all necessary due diligence through whatever means they are most comfortable with prior to entering into a transaction to buy or sell any pharmacy listed on this website.
 
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