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.

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STATEN ISLAND NY - A well-established, full-service, high-volume pharmacy, located in Staten Island. Offering the complete range of Pharmacy and Pharmacy-related services. Located near the North Campus of Staten Island Hospital and the NYU Langone Medical Pediatric Urology Associates facilities, the 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 P&L Statement showed sales of $13.3MM at 12.2% GP. Sales for FY 2025 are projecting to $9.5MM at 20% GP%, based on 2/28/2025 P&L Statement. Sellers have focused on moving toward stronger profitability and increased operating margins on a go-forward basis. Rx Sales are 99++% of the store’s business. Currently filling 60,000++ Rxs annually, 2% cash, 5% Medicaid, the balance traditional Managed Care plans. Store Hours are 8AM-7PM M-F, 9AM-4PM Saturday, 9AM-2PM Sunday. 67 Hours weekly. Closed on Thanksgiving Day, Christmas Day, and New Year’s Day. The store occupies 3,900 sq. ft. space, 1900SFPharmacy, 2000SF Storage. Current base rent is $ 8747.92, taxes $1781.52 and CAM $1651.48 monthly. Sellers own the building and are open to a new, long lease for the Buyer of the Pharmacy. The required payroll includes 2 FT RPh, 1 PT RPh, 1 FT PharmTech, 2 PT techs, 1 FT clerk, 1 PT Clerk, 2 PT driver/stockpersons. All existing personnel are experienced and knowledgeable about the customers and the local market. This is an opportunity for an experienced Pharmacist, a multi-store owner, to add a well-positioned, high-volume 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

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