MI-1

Saginaw Township - A well-established pharmacy, in Saginaw Township. Located six miles from downtown, this store serves a middle-class trading area of more than 12,000 people. There is limited competition in the immediate area, the closest pharmacies are one chain and a small independent over two miles away. The store is close to all prescribers, shopping, restaurants, and schools. Accrued Sales for FY 2024 are approximately $1.92MM, comparable to FY 2023. Sales are 98% Rxs, the balance in front-store merchandise. Overall Gross Margin is 21.6%. Currently filling 33K Rxs annually, with strong generic pharmaceutical dispensing rates. Store hours are 9AM-7PM M-F, 9AM-3PM Saturday, closed nights, Sundays, and holidays. 56 hours weekly. Current base rent is $3572.00 monthly. The seller owns the real estate of the pharmacy and the adjacent property and is open to selling both to the Buyer of the Pharmacy. Required payroll includes 1 PIC, 1 PT RPh, 1 PT PharmTech, 2 PT clerks. 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 Tom Cook

MidwestGuest User