NORTHERN CALIFORNIA (BAY AREA) -
MARIN COUNTY– A long-established full line pharmacy and medical supply store located in an exclusive, upscale Marin County community. This store serves a trading area of more than 12,000 people with the average family income exceeding $110,000 annually. There is NO independent competition in the immediate area, only one CVS Pharmacy. The nearest pharmacies (primarily chains and supermarket pharmacies) are located in other villages more than two miles away. FYE 12/31/18 showed reported sales of $4.0MM, 75%+ Rx sales, full store margins of 25%, high volume, very profitable home health department which is an all cash, no Medicare business model. The store is currently filling 50,000++ Rxs annually,20% cash, the balance traditional Managed Care plans. It is open from 9-6 M-F, 10-5 Saturday, closed nights, Sundays and holidays. 52 hours weekly. The store occupies a 6,000 sq. ft. space which includes 600 sq. ft. of storage. Proposed new lease available from the landlord, asking base rent of $8,500.00 per month. The required payroll includes 1 FT Phcst, 1 PT Phcst, 2 FT techs, 2 FT clerks, driver/stockperson. 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, to purchase a long-established store in a pleasant, upscale suburban environment in the Bay Area, very close to San Francisco. This store has ample opportunity to grow, explore new niches and specialty opportunities, under new and motivated management. This is a great town and the store is well located, has an excellent reputation for customer service, is the only local area source for home health supplies.
If interested in this listing, please contact Steve Wagner.