FL-1

COCONUT GROVE, FL - A well-established high-profit pharmacy with extensive high-end front store skin care department, located in the upper-middle class neighborhood of Coconut Grove. In business in the same location and under same ownership for 15 plus years. 5 Miles from downtown Miami, 30 miles from Fort Lauderdale, this store serves a trading area of more than 25,000 people. It is located on the main level of a residential condominium building, in the main shopping area of the town, close to all retail, restaurants and medical services. There are other independent and chain pharmacies in the area, none of which offer the high level of service, quality care, product selection, and reputation of this Pharmacy.FYE 12/31/2022 was $2.47MM, FY 2023 tracking at $2.2MM. Gross margins of 33% overall. Approximately $200K in high-end skin care products, $120K in mostly high-dollar, high-profit compounded dermatology prescriptions. Currently filling 18,000++ Rxs annually, plus 1200 Compounded Cash Rxs. 81% Generics, 19% Brands. 9AM-7PM M-F, 9AM-3PM Saturday, closed Sundays, and Holidays. 56 hours weekly. The store occupies 1400 sq. ft. of main level, high-traffic space. Owner owns building, proposes rent of $5000 per month. Required payroll includes Payroll includes 1 FT RPh, 2 PT Techs, 1 FT Clerk, 1 FT Driver. 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 purchase a well-established, profitable store in a great location that is poised for continued growth. This store is well positioned in the community as a premier health care provider and high-end skin care products retailer. With some reasonable marketing efforts, the store is ready to continue expansion into new, specialty niches under a new owner. This is a highly desirable location and an excellent business and investment opportunity.

 If interested in this listing, please contact Larry Greenfield.