LISTING: CT-1
NEW HAVEN COUNTY - A fast-growing young pharmacy, in close proximity to downtown New Haven. This Pharmacy has delivery service and the complete range of Pharmacy and Pharmacy-related offerings. Eighty miles from NYC, 40 miles from Hartford. This Pharmacy has developed strong relationships with local prescribers and the patient community. It is well positioned in the community to continue growing the traditional Retail Pharmacy business as well as the Pharmacy-related products and services. There are three independent, and two chain pharmacies located in the area. FYE 12/31/2024 showed sales of $3.4MM at 13% GP. Sales for FY 2025 are tracking to a comparable number. Prescriptions are 99++% of the store’s business. Currently filling 15,000++ Rxs annually, 4% cash, 56% Medicaid, 9% Medicare Part D, the balance in traditional Managed Care plans. Store hours are 9AM-6PM M-F. Closed weekends and Holidays. 45 Hours weekly. The store occupies approximately 2000 sq. ft. of space. Current base rent is $2433.08 per month, not including CAM. Landlord is open to a new, long lease for the Buyer of the Pharmacy. The required payroll includes 1 FT RPh, 1 PT tech, 1 PT Clerk, 1 PT driver. All existing personnel are experienced and knowledgeable about the customers and the local market. This is an opportunity for an experienced Pharmacist, perhaps a multi-store owner, to add a well-positioned, fast-growing pharmacy to their portfolio. The Pharmacy has an excellent reputation for customer service, limited competition, and strong, mutually beneficial relationships with local prescribers. With some reasonable marketing efforts, and added Pharmacy related services, it will continue to grow and generate strong profits.
If interested in this listing, please contact Jack Collins