FAIRFIELD COUNTY -
A long-established full line pharmacy and gift shop located in one of Fairfield’s County’s most upscale and affluent communities. This store serves a trading area of more than 10,000 people with the average family income exceeding $200,000 annually. There is NO competition in the immediate area, the nearest pharmacies (primarily chains and supermarket pharmacies) are located in other villages more than five miles away. FYE 12/31/18 showed reported sales of $3.76MM, stable trends over the past three years.. 87%+ Rx sales, full store margins of 24%. The store is currently filling 41,000++ Rxs annually, 4% cash, the balance traditional Managed Care plans. It is open from 8-6 M-F, 8-5 Saturday, 9:30-1:00 Sunday. 62 hours weekly. It occupies a 2,500 sq. ft. space which includes 600 sq. ft. of storage. Current rent is $8,900.00 monthly including taxes and CAM. There are two five-year options remaining on the lease commencing 1/1/2020. The required payroll includes 1 FT Phcst, 1 PT Phcst, 1 FT tech, 1 PT tech, front store manager, 1 FT clerk. 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 and highly profitable pharmacy in a pleasant, upscale suburban environment. This store has ample opportunity to grow, explore new niches and specialty opportunities, under new and motivated management. The current owner is NOT a pharmacist. This is a great town and the store is well located, has an excellent reputation for customer service, no local competition whatsoever.
If interested in this listing, please contact Jack Collins.