LISTING: NY-7

WESTCHESTER COUNTY

A well-established apothecary pharmacy located inside a busy, highly popular supermarket in this upscale, northern Westchester community.  This store serves a trading area of more than 10,000 people. with an average family income exceeding $120,000 annually, twice that of the NY State average. There is limited competition in the town, only one other independent and two chains, all three competitors being located on the opposite side of the community. Current financials indicate annual volume of $1.2MM for FYE 12/31/19 at 20% gross margins, 98% Rx sales. The store is currently filling 16,000++ Rxs annually, 24% cash, the balance traditional Managed Care plans. It is open from 9-7 M-F, 9-6 Saturday, 9-3 Sundays. 65 hours weekly. It occupies a 300 sq. ft. space inside an independently owned supermarket. Landlord will provide a new, long lease for a new owner with a starting base rent of $2,000.00 per month. The required payroll includes 1 FT Phcst, 1 PT Phcst, 1 PT clerk. Current owner is absentee. Current staff, PT pharmacist and clerk, 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 an easy to operate (at a relatively low cost of operation) apothecary pharmacy located in a very upscale suburban environment. Sales decline in recent years is due primarily to the lack of stable professional/managerial staff,  as the business is well located and inside the most popular and busiest supermarket in the area. This store needs a hands-on, motivated owner to communicate with patients and local prescribers in order to be brought back to prior volume levels (33% higher revenues just three years ago).

 If interested in this listing, please contact Jack Collins.

NortheastBH