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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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Last modified:
August 26, 2008

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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