MI-2

DETROIT METRO - A fast growing young pharmacy, in business since 2022. Located nine miles from Dearborn, 15 miles from Detroit, this store serves a lower middle-class trading area of more than 62,000 people. There are the usual chains in the immediate area and two independents, none of which offer the level of service and care of this Pharmacy. The store is conveniently located to all medical, retail, restaurant, and other local businesses in the town. Projected Sales for FY 2025 are $3.8MM, up from $3.56MM in FY 2024. Sales are 100% Rxs. Overall Gross Margin is 19%. Currently filling 54K Rxs annually, with high rates of Generic Rx dispensing. Store hours are 9AM-6PM M-F, 10AM-1PM Saturdays. Closed nights, Sundays, holidays. 48 hours weekly. The store occupies 1500 sq. ft. space. Current base rent is $2600 per month, not including CAM and Taxes. Current lease expires 12/2027. Landlord will provide a new, longer lease to the Buyer of the Pharmacy. Required payroll includes 1 PIC, 1 PT RPh, 1 FT PharmTech, 2 PT clerks, 1 PT Driver. The staff are experienced and knowledgeable about the customers and the local market. This is an opportunity for an experienced pharmacist or multi-store owner to purchase a fast growing, highly profitable store in a very desirable and pleasant environment. The pharmacy generates substantial profits, and a new owner will reap the rewards of a well-run store that has a unique niche for service in this marketplace and a great location that has many prescribers in its local area as well as other healthcare resources. 

If interested in this listing, please contact Tom Cook