Pharmacies For Sale in Texas

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TX-2. West Texas - A long-established (52 years in same location), full line pharmacy located in a pleasant small town in West Texas, 100 miles west of Midland-Odessa, 200 miles east of El Paso, close to the New Mexico border. The store serves a trading area with a population of more than 15,000 people with limited local competition, one independent and Wal Mart. 2006 report sales of $1.98MM, stable sales rate at this moment, will report $2MM in 2007. 80% Rx, 20% OTC, full store margins of 24%++. Currently filling 28,000 Rxs annually, 13% cash, 10% Medicaid, the balance Managed Care. The store is open from 8-6:30 M-F, 9-12 Sat, no nites, Sundays or holidays. 55 hours per week. It occupies a 6,000 sq. ft. space including 1,500 sq. ft. of storage space. The building the store occupies is included in the purchase price. The store is staffed with 1 FT pharmacist (current owner), 1 PT pharmacist, 1 FT tech, 2 FT clerks. 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 reasonable equity contribution. This is an opportunity for a young pharmacist, first-time buyer, to buy into a growth situation in a pleasant small town marketplace. 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. The large front end adds to gross margins and needs to be managed well. There are no doubt specialty opportunities in this market (such as compounding) that can provide significant additional sales and profits.

TX-3. Central Texas - A long-established, (over 100 years old, 30 years under the current ownership) full line pharmacy located in a pleasant mid-sized community in Central Texas. Just 50 miles south of Abilene, 200 miles west of Dallas, the store serves a trading area with a population of more than 13,000 people with very limited local competition (one small independent), no chains within 30 miles of this location. Seller recently acquired his largest local competitor. 2008 reported sales of $1.7MM, will report $2MM in 2009, on track for $2.3MM in 2010, based on growth from recent acquisition. 97%+ Rx sales, stable full store margins of 20%++. The store is currently filling 39,000+ Rxs annually, 40% Medicaid, 12% cash, the balance Managed Care. Currently filling 50 compounded Rxs monthly and 110 per week for patients residing in local nursing homes. The store is open from 8-6 M-F, 8-1 Sat, no nights, Sundays or holidays. 55 hours per week. It occupies a 3,000 sq. ft. space including 250 sq. ft. of storage. There is a long lease available and the current base rent is $600.00 monthly. The staffing includes 1 FT pharmacist (the current owner), 2 PT techs, 2 FT clerks, 2 PT clerks. There is owner financing available for a creditworthy and qualified buyer with a 50% equity contribution. This is an opportunity for a first-time buyer to buy into a well-established business located in a pleasant small town environment. This store can provide a very comfortable 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 that can be capitalized upon to provide additional sales and profits with the proper marketing efforts.

West Texas - A well-established apothecary pharmacy and home healthcare business located in a small town in West Texas, close to the NM border. The only independent within a 25 mile radius, this pharmacy also serves a portion of southeast New Mexico in a trading area that totals almost 10,000 residents. 2005 reported sales of $3.15MM, first six months of 2006 are up 10%, should do $3.5MM in 2006. 90%+ Rx sales, 23% gross margin due to strong home healthcare business, sales and rentals. Low operating costs make this store extremely profitable. Currently filling more than 60,000 Rxs annually, 10% cash, 11% Medicaid, the balance Managed Care. The store is a Medicare Part B provider as well. The store is open from 9-6 M-F, 9-3 Sat, no nites, Sundays or holidays. 51 hours per week. It occupies a 900 sq. ft. space plus two large storerooms, adjacent to a physician's office. Long lease available or possible real estate acquisition. The store is currently staffed by 2 PT pharmacists, 3 FT techs, a DME manager, 2 FT clerks, a bookkeeper and the owner, who is the full time supervising pharmacist. All techs are certified. There is financing available for a creditworthy and qualified buyer with a reasonable equity contribution. This is an opportunity for a young pharmacist, a first-time buyer, to buy into a growth situation, build a service business in this pleasant, small town trading area with no independent competition whatsoever. This store can provide a substantial 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.

West Central Texas - Apothecary shop located between Dallas - Forth Worth and Abilene. Short hours, open only 49 hours per week. No nights or Sundays. Current volume well over $2MM, up 25% over the previous year, good margins, gross and net, filling over 41,000 Rxs annually. Free standing building, owned by current owner of pharmacy. $500 plus inventory, some financing available for a qualified buyer.

Southwest Texas - A highly profitable high volume apothecary shop in a small town just 120 miles from San Antonio, 80 miles from Laredo. Store does over $3.1MM in sales, open only 5 days, very limited competition, solid DME business (Medicare provider) as well as heavy Rx, 235 per day. $400K down payment required to cover inventory, balance can be financed for a qualified buyer.
 

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