Northwest Michigan - A well-established full line pharmacy located in Benzie County, in northwestern Michigan. Located 25 miles west of Traverse City, 7 miles north of Benzonia, this store serves a trading area of more than 5,000 people in this rural County. There is NO local competition in the immediate area, nearest pharmacy is 7 miles away, nearest chains are 25 miles away in Traverse City. FYE 12/31/22 showed reported sales of $3.23MM, up 5% from 2021. Over 25% increase in sales since 2020. Full store margins of 16%. Currently filling 33,000++ Rxs annually, 17% cash, the balance traditional Managed Care plans. Store hours are - 9-7 M-F, 9-3 Saturday, Closed Sundays, and holidays. 56 hours weekly. The store occupies a 3,200 sq. ft. space which includes 500 sq. ft. of storage. The current rent is $3,300.00 monthly including taxes and CAM. There is a new, long lease available for a new owner. The required payroll includes 1 FT Phcst (current owner is absentee, new owner would fill this position), 1 PT Phcst, 1 FT tech, 2 FT clerks. 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 store in a pleasant, rural community. This store has ample opportunity to grow, explore new niches and specialty opportunities, under new and motivated hands-on management. Currently it is absentee owned. This is a nice town, and the store is well located, and has an excellent reputation for customer service.
If interested in this listing, please contact Tom Cook