WESTCHESTER COUNTY -
WESTCHESTER COUNTY - A long-established full-line pharmacy and surgical store located in a populous, upscale Westchester community. Located just 25 miles from the Tappan Zee Bridge, 35 Miles from the GW Bridge, this store serves a trading area of more than 15,000 people There is NO independent competition in the immediate area, only large chains that do not meet the service needs of the local population. The store has a large and growing surgical supply business which is ALL CASH, no insurance billings. FYE 12/31/18 showed reported sales of $4.393MM, growing at a rate of 3% annually, on track to generate $4.5MM in 2019. Gross margins of more than 28% due to large ($850,000.00) multi-faceted, high margin, all cash surgical department sales. 5% other non-Rx sales, the balance ($3.5MM) Rx sales, which include $135K in compounding sales. The store is currently filling 38,000++ Rxs annually, 10% cash, the balance traditional Managed Care plans. Filling approximately 1,000 compounded Rxs annually as part of this mix, some cash, some third party billed. It is open from 9-7 M-F, 9-5 Saturday, closed nights, Sundays and holidays. 58 hours weekly.
The store occupies a 3,500 sq. ft. space which includes 500 sq. ft. of storage, inside a large, fully occupied medical office building. Current rent is $16, 000.00 monthly including taxes and CAM and electricity. The required payroll includes 2 FT Phcsts, 3 FT techs, 2 FT clerks, PT bookkeeper, driver/stockperson. All existing personnel are experienced and knowledgeable about the customers and the local market. There is financing available for a creditworthy and qualified buyer with a reasonable equity contribution. This is an opportunity for an experienced pharmacist to purchase a long-established, highly profitable 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. The surgical department is highly profitable, has limited competition for this niche anywhere in the local area. 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.