A long-established (more than 100 years in this location, 8 under current ownership) full line pharmacy located in a pleasant upscale suburb in northern Sussex County. Located 60 miles northwest of mid-town Manhattan, 75 miles north of Edison, NJ, this store serves an upper middle-class trading area of more than 2,500 people, has no independent competition, only one chain store and a supermarket with a pharmacy in it. Neither of these pharmacies can provide the services that the consumers in this market require. FYE 12/31/18 showed reported sales of $4.9MM, on track to deliver $5MM for FYE 12/31/19 despite current industry pressure on reimbursements in New Jersey. 90% Rx sales, full store margins of 22%. The store is currently filling 59,000++ Rxs annually, 1% cash, the balance traditional Managed Care plans. It is open from 9-8 M-F, 9-4 Saturday, 9-2 Sunday. 67 hours weekly. It occupies an 1,100 sq. ft. space and has ample additional storage space. There is a new lease available for a new owner with a starting base rent of $4,000.00 per month. The required payroll includes 1 FT Phcst, 1 PT Phcst, 3 FT techs, 3 FT clerks, driver, 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, or a multi-store owner with other Jersey businesses, to purchase a long-established store in a pleasant, upscale 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.
If interested in this listing, please contact Jack Collins.