LISTING: PA-2

NORTHERN PENNSYLVANIA

A long-established (65 years in this location, 32 under current ownership) full line pharmacy located in a pleasant, mid-sized town in northern Pennsylvania.  Located just 40 miles south of Erie, PA, 90 miles north of Pittsburgh, this store serves a middle-class trading area of more than 14,000 people, has limited independent competition, in the local market, mostly large chains that do not provide the services that the consumers in this market require.  FYE 12/31/17 showed reported sales of $3.67MM. Interim financials for 2018 indicate a $3.55MM run rate for 2018. 90%++ Rx sales, full store margins of 20%++. The store is currently filling 50,000++ Rxs annually, 6% cash, the balance traditional Managed Care plans. This includes 400++Rxs/month for local ALF residents, packaged in blister packages. It is open from 9-6 M-F (9-5 Wed), 9-3 Saturday closed Sundays and holidays.50 hours weekly. It occupies a 3,200 sq. ft. space which includes1,000 sq. ft. of storage. Business owner owns the building, will offer a new, long lease with a starting base rent of $1,400 per month. Possible real estate acquisition for a qualified buyer. The required payroll includes 1 FT Phcst, 1 PT Phcst, 3 FT techs, 2 FT clerks, driver. 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, to purchase a long-established store in a pleasant, middle-class small-town environment. This store has ample opportunity to grow, explore new niches and specialty opportunities, under new and motivated management. This is a great town with good demographics (see attached demographic information). The store is well-located, has an excellent reputation for personalized customer service.

If interested in this listing, please contact Jack Collins.

NortheastBH