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.