LISTING: NJ-1
WESTERN NEW JERSEY - A well-established pharmacy, in business since 2012 under the same ownership, in Western New Jersey. Located seven miles from Morristown, 40 miles from downtown Manhattan, this store serves an upper middle-class trading area of more than 10,000 people. There is limited competition in the immediate area, the closest pharmacy is a chain one mile away. The store is conveniently located to all medical, retail, restaurant, and other local businesses in the town. Projected Sales for FY 2025 are trending to $3.8MM. Sales are 83% Rxs, the balance in high profit wellness and O-T-C products. Overall Gross Margin is 19%. Currently filling 34K Rxs annually, with strong generic pharmaceutical dispensing rates. Store hours are 9AM-7PM M-F, 9AM-3PM Saturday, 9AM-1PM Sunday. 9AM-1PM Major Holidays Closed nights, Easter Sunday, and Christmas Day 60 hours weekly. The store occupies 2400 sq. ft. space, 1600SF Pharmacy and 800SF Storage. The owner owns the building, and proposes monthly base rent of $5500, not including CAM and Taxes. There are also two income producing tenants. 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.
If interested in this listing, please contact Jack Collins