Posts tagged Letter of Intent
LISTING: CA-1

METRO SAN DIEGO - A well-established pharmacy, under the same ownership since 2017, in Metro San Diego. Located nine miles from downtown, this store serves a middle-class trading area of more than 30,000 people. There is limited competition in the immediate area, only a CVS and a Kaiser Permanente location. The store is conveniently located to all retail, restaurants, medical and office facilities. Projected Sales for FY 2025 are trending to $4.026MM. Store sales are 98% Rxs, the balance in front-store merchandise. Overall Gross Margin is 17.8%. Currently filling 47K Rxs annually, with strong generic pharmaceutical dispensing rates. The store services many board & care facilities, which accounts for 70% of the business. Store hours are 9AM-5:30PM M-F, closed nights, weekends, and holidays. 42.5 hours weekly. The store occupies 1500 sq. ft. space. The current lease runs until 12/31/2027. The monthly rent is $2,600, not including CAM. Landlord is open to discussing a new, longer lease for a new owner. Required payroll includes 1 PIC, 1 PT RPh, 2 PT clerks, 1 FT Driver. The staff are experienced and knowledgeable about the customers and the local market. This is an opportunity for an experienced pharmacist to purchase a long-established, highly profitable store in a highly desirable and pleasant environment. 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 Steve Wagner.

MD-1

NORTHEAST MARYLAND - A well-established Pharmacy, in the same location for over 20 years, located in Harford County in Eastern Maryland, near the borders of Western Delaware and Southeast Pennsylvania. 45 miles from Baltimore and Wilmington, 70 miles from Philadelphia. Providing a full range of pharmacy and pharmacy-related services, the pharmacy serves a growing trading area of 13,000 people. The Pharmacy is ideally located and staffed to provide a comprehensive offering of healthcare services to broad population bases. There is only one other Pharmacy in the town, a small independent. Sales for FY 2025 are tracking to approximately $2.6MM. Gross margins are approximately 24.9%. Sales are approximately 95% prescriptions, with strong generic Rx dispensing rates. Currently filling 39,000++ prescriptions annually. 96% Insurance, 4% Cash. Generic dispensing averages 88%, Brands average 12%. Store hours are 9AM-6PM M-F, Saturday – 9AM-2PM. Closed nights, Sundays, holidays. 50 hours weekly. The store occupies 7000 sq. ft. space, 6000SF Selling and 1000 SF Storage. The current rent is $6020.36 monthly and expires 9/30/2025. Landlord is open to a new, longer lease for the Buyer of the Pharmacy. Required staffing is 1 FT PIC, 1 PT RPh, 1 PT Pharm Tech, 2 PT Clerks. All existing personnel are experienced and knowledgeable about the local marketplace and the customers. This is an opportunity for an experienced RPh or multi-store owner or group to purchase a well-established, highly profitable pharmacy in a thriving area with an active medical community in a pleasant suburban location. With some reasonable marketing efforts, a new owner can reap the rewards of a highly profitable business within a stable market area. 

 If interested in this listing, please contact Larry Greenfield.