LISTING: PA-2

NORTHERN PENNSYLVANIA

A long-established (65 years in this location, 32 under current ownership) full line pharmacy located in a pleasant, mid-sized town in northern Pennsylvania.  Located just 40 miles south of Erie, PA, 90 miles north of Pittsburgh, this store serves a middle-class trading area of more than 14,000 people, has limited independent competition, in the local market, mostly large chains that do not provide the services that the consumers in this market require.  FYE 12/31/17 showed reported sales of $3.67MM. Interim financials for 2018 indicate a $3.55MM run rate for 2018. 90%++ Rx sales, full store margins of 20%++. The store is currently filling 50,000++ Rxs annually, 6% cash, the balance traditional Managed Care plans. This includes 400++Rxs/month for local ALF residents, packaged in blister packages. It is open from 9-6 M-F (9-5 Wed), 9-3 Saturday closed Sundays and holidays.50 hours weekly. It occupies a 3,200 sq. ft. space which includes1,000 sq. ft. of storage. Business owner owns the building, will offer a new, long lease with a starting base rent of $1,400 per month. Possible real estate acquisition for a qualified buyer. The required payroll includes 1 FT Phcst, 1 PT Phcst, 3 FT techs, 2 FT clerks, driver. All existing personnel are experienced and knowledgeable about the customers and the local market. There is some 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 purchase a long-established store in a pleasant, middle-class small-town environment. This store has ample opportunity to grow, explore new niches and specialty opportunities, under new and motivated management. This is a great town with good demographics (see attached demographic information). The store is well-located, has an excellent reputation for personalized customer service.

If interested in this listing, please contact Jack Collins.

NortheastBH
VA -1

SOUTHEASTERN VIRGINIA

A long-established (18 years, 8 in its current location), full line pharmacy located in a pleasant  suburb in King William County. Located just 40 miles east of Richmond, 140 miles southeast of Washington, DC, this store serves a middle-class trading area of more than 7,500 people, has NO local independent competition, only one other pharmacy, a Rite Aid, located in the town. FYE 12/31/17 showed reported sales of $3.96MM, stable trends over the past three years. Interim 2018 results are trending to $4.3MM in sales for FYE 12/31/18.   90%++ Rx sales, full store margins of 18%++. The store is currently filling 68,000++ Rxs annually, 8% cash, the balance traditional Managed Care plans. It is open from 8:30-6:30 M-F, 8:30-2 Saturday, closed Sundays and holidays.  55 hours weekly. It  occupies a 3,900 sq. ft. space which includes 400 sq. ft. of storage. The building has two tenants in addition to the pharmacy, both healthcare practitioners. The pharmacy owner also owns the building,  would like to sell the property along with the business, or will provide a long term lease for a new owner. The required payroll includes 1 FT Phcst, 1 PT Phcst, 3 FT techs, 3 FT clerks, PT bookkeeper, stockperson.  All existing 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. Purchase of the real estate will have a positive effect on the terms of the financing package. This is an opportunity for a young pharmacist, or a multi-store owner, to purchase a well-established and profitable store in a pleasant, middle class suburban environment. This store has ample opportunity to grow, explore new niches and specialty opportunities, under new and motivated management. This is a great town and the store is well located, has an excellent reputation for customer service, limited local competition. An ideal situation in many respects.

If interested in this listing, please contact Larry Greenfield.

SoutheastBH
LISTING: PA-1

PITTSBURGH

A long-established (more than 100 years in this location, 42 under current ownership) full line pharmacy located in an upscale area of East Pittsburgh.  Located just east of the downtown area, this store serves a trading area of more than 15,000 people, is co-located with the finest stores and restaurants in the city.  There is limited independent competition in the area, mostly large chains that do not provide the services and products that the consumers in this market require. FYE 12/31/17 showed reported sales of $2.64MM, stable trends over the past three years. 85%+ Rx sales, full store margins of 25%. The store is currently filling 24,000++ Rxs annually, 8% cash, the balance traditional Managed Care plans. It is open from 9-7 M-F, 9-5 Saturday, 11-2 Sunday. 62 hours weekly. It occupies a 1,500 sq. ft. space which includes 250 sq. ft. of storage. The current lease runs through 2026, current rent is $5,400 monthly. The required payroll includes 1 FT Phcst, 1 PT Phcst, 1 FT tech, FT cosmetician, 2 FT clerks, driver. All existing personnel are experienced and knowledgeable about the customers and the local market. There is some 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 purchase a long-established store in a pleasant, upscale urban environment. This store has a great reputation in this market for customer service and a product mix that is not found locally in any of its competitors. Close proximity to two major universities and large health care facilities provide ample opportunity to grow, explore new healthcare niches and specialty opportunities to build Rx volume, under new, hands-on, motivated management.

If interested in this listing, please contact Larry Greenfield.

MidwestBH
LISTING: NY-1

MANHATTAN

A well-established  (14 years in this location) full line pharmacy and health food store with a full service juice bar and a large nutritional department,  located in a prime Upper East Side location.   This store serves an upper middle-class trading area of more than 20,000 people, most of whom are within walking distance of the store, has limited local independent competition, primarily large chains, CVS and Duane Reade.  FYE 12/31/17 showed reported sales of $3.47MM, up from $3.05MM in 2016. Owner is projecting $3.6MM for 2018.  25% front end sales (primarily high margin health food and nutritional products), full store margins of 25% gross. 10% of sales are cash. The store is currently filling 18,000++ Rxs annually, 5% cash, the balance traditional Managed Care plans. It is open from 9-7 M-F, 9-4 Saturday, closed Sundays and holidays. 57 hours weekly. It occupies a 3,700 sq. ft. space which includes 300 sq. ft. of storage. There is a long lease in place, current base rent of $31,000 monthly including taxes and CAM. The landlord is open to discussing a revision of the lease with a qualified and experienced buyer. The required payroll includes 1 FT Phcst  (the current owner is a non-pharmacist), 1 PT Phcst, 1 FT tech, front end manager, 2 FT clerks, driver. All existing personnel are experienced and knowledgeable about the customers and the local market. There is some owner financing available for a creditworthy and qualified buyer with a reasonable equity contribution. This is an opportunity for an experienced pharmacist with good marketing skills to purchase a store in a prime Manhattan location. The store is in a prime location, on a highly visible and busy corner, has ample opportunity to grow, explore new niches and specialty opportunities in one of the city’s largest healthcare environments. It needs aggressive external marketing/sales efforts to drive additional prescription volume. The front end is highly profitable, dominates the health food space in this health- oriented neighborhood.

If interested in this listing, please contact Jack Collins.

NortheastBHLetter of Intent
LISTING: NY-2

STATEN ISLAND

A long-established (50 years in this location,10 under current ownership) full line pharmacy located in a busy and densely populated, middle class Staten Island neighborhood. Located just 25 miles west of mid-town Manhattan, 15 miles north of Edison, NJ, this store serves an affluent (median family income of more than $90,000.00 annually) trading area of more than 20,000 people, has only one independent competitor, the rest are large chains, who do not provide the services that the consumers in this market require.  FYE 12/31/17 showed reported sales of $7.34MM, currently on track to report $7.35MM in 2018.  95%++ Rx sales, full store margins of 25%, due to a solid compounding business. The store is currently filling 68,000++ Rxs annually,254% cash, the balance traditional Managed Care plans. Compounding (non-sterile only) 500 Rxs per month on average. It is open from 9-8 M-F, 9-6 Saturday, 9-3 Sunday. 69 hours weekly. It occupies a 3,600 sq. ft. space which includes 1,500 sq. ft. of storage. There is a new lease in place through 2023 that has three additional five-year options. Current base rent is $8,000.00 monthly plus taxes and CAM. The required payroll includes 3 FT Phcsts (1 strictly for compounding), 4 Ft techs + 1 compounding tech, store manager, office manager, PT bookkeeper, 2 PT stock and delivery personnel. There is financing available for a creditworthy and qualified buyer with a reasonable equity contribution. This is an opportunity for an experienced pharmacist to acquire a long-established high volume, profitable independent pharmacy located in one of the most upscale parts of Staten Island. The business is diverse, includes a solid compounding component, and is fully staffed with experienced personnel. There is a long lease in place. Limited local independent competition provides ample opportunity to grow the business with aggressive external marketing and the exploration of additional specialty niches. This is also an ideal situation for a multi-store owner who would like to add an additional location in the five boroughs to his/her existing portfolio of stores.

If interested in this listing, please contact Jack Collins.

NortheastBHLetter of Intent
LISTING: NY-4

LONG ISLAND - SUFFOLK COUNTY

A well-established (more than 30 years in this location, 15 under current ownership) full line pharmacy and gift shop located in a pleasant, upper middle-class Western Suffolk city. The median family income is more than twice that of the average NY State family.  Located less than forty miles from Manhattan, away from the downtown commercial area, this store serves a trading area with a population of more than 20,000 people, has limited local independent competition, mostly large chains and supermarket pharmacies that do not provide the services required by the customers who reside in this area. FYE 12/31/17 reported sales were $2.53MM, up 10% from 2016. Will report 2.6MM++ in 2018 based on interim financial statements. 85%++ Rx sales, full store margins of 20%++, strong front-end sales due to gift department, nutritionals, sundries. The store is currently filling 28,000++ Rxs annually, includes some non-sterile compounding. Rx sales are 10% cash, the balance Managed Care. It is open from 9-8 M-F, 9-5 Saturday, 9-2 Sunday. 68 hours weekly. The store occupies a 3,200 sq. ft. space which includes 400 sq. ft. of storage. There is a new, five-year lease in place, runs to 2023. Landlord is open to extend the lease for a new owner. Current base rent is $7,152 monthly, plus CAM and taxes. The required payroll includes 1 FT Phcst (currently the owner shares these duties with another pharmacist), 1 PT Phcst,1 PT tech, front end manager/clerk, 1 FT clerk, driver.   All existing personnel are experienced and knowledgeable about the customers and the local market. This is an opportunity for a young pharmacist, a first-time buyer, to purchase a well- established and profitable store in a pleasant and conveniently located suburban environment. Limited competition and a population of upscale consumers make this an ideal opportunity for someone who values and understands this type of environment. There are many physicians and clinics in this market as well as a large local community hospital, ample opportunity to expand professional services and capitalize on specialty pharmacy opportunities. The store needs young, hands on, motivated management to market services to the local medical community. There is a large medical building (no pharmacy in it) directly next door to the pharmacy.

If interested in this listing, please contact Tony DeNicola

NortheastBH
LISTING: NJ-1

HUDSON COUNTY

A long-established (over 80 years in this location, 54 years under current ownership) full line pharmacy located in a New Jersey’s second largest city, which is situated at the NJ exit/entry into the Holland Tunnel. This store serves a very mixed middle-class trading area of more than 20,000 people (in the immediate neighborhood), the kind of people who value the services on an independent pharmacy. FYE 12/31/17 showed reported sales of $1.86MM, down from a high of $2.18MM in 2215. Projecting $1.925MM FYE 12/31/18. 95+ Rx sales, full store margins of 22%. This store is currently filling 28,000++ Rxs annually, 4% cash, the balance traditional Managed Care plans. It is open from 9-9 M-F, 9-6 Saturday, 9-2 Sunday. 74 hours weekly. The store occupies a 3,100 sq. ft. space which includes 100 sq. ft. of storage. There is a new, long lease available for a new owner with a starting base rent of $1,500.00 monthly. Store owner owns the building as well. The required payroll includes 1 FT Phcst (the current owner), 1 PT Phcst, 2 FT techs, 2 FT clerks, driver. All existing personnel are experienced and knowledgeable about the customers and the local market.  There is some 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 purchase a long-established store in a busy, urban environment. This store has ample opportunity to grow, explore new niches and specialty opportunities, under new and motivated management. It needs a young and enthusiastic hands on owner to seek out the professional opportunities in this populous market. The store has been a pillar of the local community, on the same corner, for more than 80 years.  

If interested in this listing, please contact Jack Collins.

LISTING: WA-1

WASHINGTON STATE

The only pharmacy on the third largest of the San Juan Islands, 100 miles Northwest of Seattle. The pharmacy was established in 1978, serves a local population of almost 3,000 people. A truly unique place to live, work and practice pharmacy. The current owners have owned the store for the past 22 years and are now ready to retire. The store is located in the center of the village, in close proximity to the local medical clinic as well as other retail establishments. FYE 12/31/15 showed reported sales of $1.77MM, up 8% over 2014, steady growth over the past three years. 90% Rx sales, full store margins of 26%. The store is currently filling 30,800++ Rxs annually, 13% cash, the balance a broad mix of traditional Managed Care plans. Rx volume includes some LTX/ALF business, a local hospice and a small amount of compounded Rxs as well. It is open from 9-6 Monday to Friday, closed nights and weekends. 45 hours weekly. It a 2,200 sq. ft. space which includes storage and offices. There is a new lease available for a new owner at a starting base rent of $2,300.00 monthly. Possible real estate investment opportunity for a qualified buyer. The required payroll includes 1 FT Pharmacist (the current owner), 2 FT techs, 2 PT clerks. All existing personnel are experienced and knowledgeable about the customers and the local market. There is some financing available for a creditworthy and qualified buyer with a reasonable equity contribution. This is an opportunity for a pharmacist who is ready to change his/her life to purchase a long-established and profitable store in a truly unique environment. Raise your family (or just live and work) in a pleasant and safe environment in one of the most beautiful parts of the Pacific Northwest. Enjoy a professional environment, the respect of your clients and your fellow healthcare professionals.

If interested in this listing, please contact Steve Wagner.

WesternBH
LISTING: NJ-2

BURLINGTON COUNTY

A long-established (35 years in this location under current ownership) full line pharmacy located in a pleasant middle class suburb in Burlington County. Located just 28 miles south of Trenton, 27 miles east of Philadelphia, 55 miles southwest of Edison, NJ, this store serves a trading area of more than 8,000 people, has no local independent competition in the Township, only one large chain, CVS, which does not provide the services that the consumers in this market require. FYE 6/30/17 showed reported sales of $2.05MM, down slightly from prior year, $1.66MM for FYE 6/30/18. 85%++ Rx sales, full store margins of 23%. The store is currently filling 20,000++ Rxs annually, >1% cash, the balance traditional Managed Care plans. It is open from 9:30-8 Monday - Friday, 9:30-3 Saturday, closed Sundays and holidays. 58 hours weekly. It occupies a 3,100 sq. ft. space which includes 600 sq. ft. of storage. There is a long lease in place that is assumable by a new owner. Current base rent is $2,500.00 monthly. A very well organized and well merchandised store. The required payroll includes 1 FT Pharmacist (the current owner, who is the PIC), 1 PT Pharmacist, 1 FT tech, 4 PT techs, PT bookkeeper. All existing personnel are experienced and knowledgeable about the customers and the local market. There is some 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 purchase a long-established store in a pleasant suburban environment. This store has ample opportunity to grow, explore new niches and specialty opportunities, under new and motivated management. It can provide a comfortable living for an owner-operator while servicing any debt incurred in the transaction. This is a great town and the store is well located, has an excellent reputation for customer service.

If interested in this listing, please contact Jack Collins.

LISTING: IL-1

CHICAGOLAND

A well-established and rapidly growing closed door/LTC pharmacy located in the southwest Chicagoland market. Currently servicing around 650 patients (beds), the pharmacy provides high quality pharmacy services to a broad mix of patients. The business’ reputation for excellent service and patient care has enabled it to deliver significant growth in its fourth year of operation. FYE 12/31/17 showed reported sales of $2MM, projected revenues for 12/31/18 are $3MM based on significant addition of new clients late last year. 32% gross margins. The business is currently servicing 633 beds, a mix of ALFs, Senior Living Communities and Group Homes, approximately 7,500 Rxs monthly with a broad mix of payers and contracts with all major insurances. It is open from 8:00AM to 5:00PM Monday through Friday, no nights or weekends, 45 hours weekly. Minimal out of hours service requirements. It occupies a 2,000 sq. ft. space which includes 350 sq. ft. of storage. There is a new lease available for a new owner. Current base rent is $3,500.00 monthly plus taxes and CAM. The required payroll includes 1 FT Pharmacist, 1 PT Pharmacist, 3 FT techs, 1 FT clerk, FT bookkeeper/billing clerk, driver, courier service. All existing personnel are experienced and knowledgeable about the customers and the local market. There is some financing available for a creditworthy and qualified buyer with a reasonable equity contribution. This is an opportunity for an experienced pharmacist who wants to expand into LTC providing to purchase a rapidly growing and profitable turn-key, closed door Pharmacy. It is fully staffed and fully equipped, positioned to continue to grow, under new and motivated management. The local market has a population of over 600,000 people and provides significant additional growth opportunities based on its demographics. Convenient location enables the business to serve all of the Chicagoland market.

If interested in this listing, please contact Larry Greenfield.

Upper MidwestBH