Posts in Southeast
NC-1

NORTH CAROLINA

A long-established (47 years under the same ownership) full line pharmacy located in a pleasant mid-sized city in Edgecombe County.  Located 70 miles east of Raleigh, 240 miles northeast of Charlotte, 130 miles south of Richmond, VA, this store serves a trading area of more than 15,000 people, has only one independent competitor and two large chains, neither of whom provide the services that the consumers in this market require. FYE 12/31/18 showed reported sales of $4.35MM, reflecting consolidation of two stores (one of which was downtown) in late 2017.  95% Rx sales, full store margins of 18%. The store is currently filling 85,000++ Rxs annually,15% cash, the balance traditional Managed Care plans. In addition to a traditional retail prescription business, the pharmacy services local nursing homes, assisted living sites and independent living facilities, providing special packaging where required. This business amounts to approximately 10,000 prescriptions annually. The store is open from 9-5:30 M-F, 9-1 Saturday, closed Sundays and holidays.46 hours weekly. It occupies a 2,000 sq. ft. space which includes 200 sq. ft. of storage. It occupies a free-standing building with ample on-site parking and a drive up window. There is a new lease available for a new owner with a starting base rent of $4,000.00 monthly.  Possible real estate investment for a credit-worthy buyer with a reasonable equity contribution. The required payroll includes 1 FT Phcst, 1 PT Phcst, 3 FT techs, 2 FT clerks, FT driver. All existing personnel are experienced and knowledgeable about the customers and the local market. There is some financing available for a creditworthy and qualified buyer with a reasonable equity contribution. This is an opportunity for a young pharmacist, a first-time buyer (or a multi-store owner who wishes to add a store to an existing network of pharmacies), to purchase a long-established store in a pleasant, semi-rural environment with easy access to major population centers and the Carolina coastal areas. This store has ample opportunity to grow, explore new niches and specialty opportunities, under new and motivated management. The recent consolidation of the current owner’s two pharmacies, which is now fully completed, has created a single, high-volume business, operating very efficiently under one roof with limited hours of operation. This is a pleasant small town, with excellent living conditions, and the store is well located, has an long-standing reputation in the community for customer service

If interested in this listing, please contact Larry Greenfield.

SoutheastBHLetter of Intent