Pharmacies For Sale in Washington

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WA-1. Southwest Washington - A long-established (55 years in the same location) full line pharmacy located in a pleasant suburb of Olympia, the state capital, 60 miles southwest of Seattle, 100 miles north of Portland, OR. The store serves a trading area with a population of more than 25,000 people with limited local competition, 3 chain pharmacies, no other independents. 2007 reported sales of $4.9MM, growing at a rate of 4% annually, will report $5.1MM in 2008. 80%+ Rx sales, 8% DME, 6% card and gift, 6% OTC & GM, contribute to full store margins of 27%++. The store is currently filling 78,000 Rxs annually, 6% cash, 12% medicaid, the balance Managed Care. The store is open from 9-7 M-F, 9-5 Sat, 12-4 Sunday, 62 hours per week. It occupies an 8,000 sq. ft. space including 3000 sq. ft. of storage space. Current lease is at a base rent of $6,500.00 per month, expires in 2012. The store is fully staffed with pharmacists, technicians, a DME manager and all ancillary personnel required to run the business. They are all experienced and knowledgeable about the customers and the local marketplace. There is owner financing available for an experienced, creditworthy and qualified buyer with a reasonable equity contribution. This is an opportunity for an experienced pharmacist to buy into a high volume, multi-faceted pharmacy business that has a lot of room to grow under younger, motivated management. The combination of a solid middle class trading area, the lack of significant competition and the unique mix of sales make this a terrific business opportunity. This store can provide a very 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.

WA-2. North-Central Washington - A long-established, high volume pharmacy and hardware store located in a pleasant small town in north central Washington State, 135 miles northwest of Spokane, 200 miles northeast of Seattle, 80 miles south of the Canadian border, right on the Columbia River. Boating, fishing, skiing, golfing, all the best of outdoor living in the Pacific Northwest. The store serves a trading area with a population of more than 12,000 people with limited local competition, nearest chain is 30 miles away. 2007 reported sales of $3.68MM, growing at a rate of 3% annually, will report $3.9MM in 2008. 80%+ Rx sales, full store margins of 27%++. The store is currently filling 54,000 Rxs annually, 13% cash, 13% Medicaid, the balance Managed Care. It is open from 9-7 M-F, 9-6 Sat, 10-6 Sun, 67 hours per week. It occupies a 15,000 sq. ft. space including 1,000 sq. ft. of storage space. Current base rent of $5,450.00 per month, long lease available for a new owner. The payroll includes complete staff to manage the business (18 people full & part time). 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 an experienced pharmacist/retailer to buy into a well established business in a pleasant small town marketplace, yet one big enough to support this busy pharmacy and hardware store. 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 area is one that provides the best of small town living and the outdoor lifestyle, plus plenty of professional satisfaction for a pharmacist.
 

WA-3.
 

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