LISTING: PA-2
METRO PITTSBURGH - A well-established pharmacy, in business for forty years and under the same ownership since 2016, in Allegheny County. Located fifteen miles from Pittsburgh, this store serves a middle-class trading area of more than 16,000 people. There is limited competition in the immediate area, the closest pharmacy is another independent, and no other Pharmacies within three miles after that. The Rite-Aid in the town recently closed, and the closest chain outlet is a Giant Eagle over three miles away. The store is conveniently located to all medical, retail, restaurant, and other local businesses in the town. Projected Sales for FY 2025 $2.7MM, prior to closing of the Rite-Aid. New business from the Rite-Aid closure will increase sales substantially. Sales are 99% Rxs, the balance in O-T-C products. Overall Gross Margin is 19%. Currently filling 23K Rxs annually, will increase significantly with closure of Rite-Aid. Generics are 87%, Brands 13%. Store hours are 10AM-6PM M-F. Closed nights, weekends, holidays. 40 hours weekly. The store occupies 10000 sq. ft. space, 5000SF Pharmacy and 5000SF Storage. The Sellers owns the building, will offer new lease to buyer of the Pharmacy. Possible Real Estate Investment for new owner 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 long-established, highly profitable store in a very desirable and pleasant environment with a potential Real Estate investment. 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. The recent closure of the Rite-Aid is starting to show a significant increase in Rxs dispensed and sales.
If interested in this listing, please contact Jack Collins