Posts tagged In Contract
NJ-3

NEW JERSEY - SOUTH - A well-established high-volume pharmacy (Over 20 years in business in the same location, 5 years under current ownership) located in Burlington County in Southern New Jersey. Located 10 Miles from Philadelphia, 30 miles from Trenton, 50 miles from New Brunswick. This store serves a middle-class trading area of more than 50,000 people, is located on the main shopping street of the town, close to all retail, restaurants, and medical services. There are no other independent pharmacies in the town, the only chain in town is a CVS located 1.5 miles away. FYE 12/31/2023 was $4.91MM, up from $4.58MM in FY 2022. Gross margins of 22% overall. 6% OTC sales. The store has strong front-end sections, cards, OTCs, DME. Currently filling 62,400++ Rxs annually. 3% cash, the balance in traditional Managed Care plans. 9AM-9PM M-F, 9AM-5PM Saturday, 9AM-1PM Sunday, closed Thanksgiving and Christmas. 72 hours weekly. The store occupies 4000 sq. ft. of space, 3,000 SF pharmacy and 1000 SF storage. The current monthly rent is $8,650.00 per month including CAM and Taxes. Lease runs until 10/31/2024, with two 5-year options. Landlords are open to discussing a new lease for a new owner. Required payroll includes Payroll includes 2 FT Phcst, 1 PT Phcst, 2 FT Tech, 1 PT Tech, 2 FT clerks, 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. 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 Jack Collins.

OH-1

A young and fast-growing new Pharmacy, in business 2 ½ years, located in a northeastern suburb of Cincinnati, in Butler County. Situated twenty-five miles NE of Cincinnati, 15 miles West of Mason, 40 miles South of Dayton, this store serves a middle-class trading area of more than 350,000 people. The store is in a well-trafficked strip center, conveniently accessible to all shopping, restaurants, and schools of the area. TriHealth Bethesda Butler Hospital and the Gateway Springs Health Campus are one mile away. Competition is the usual chains and a small number of independents; the closest stores are more than one mile away. FYE 12/31/2023 reported $1.743MM in sales, up from $629K in FY 2022. Reported Gross Margins of 22.5%. Business is 98% Rx, 2% OTC. Currently filling 15,500++ Rxs annually, 7% cash, 93% Insurance. Brands are 20%, Generics, 80%. Store hours are 9:30AM-5:30PM M-F, 10AM-2PM Saturday, Closed Sundays, and Holidays. 44 hours weekly. The store occupies 1356 sq. ft. space. The current lease runs until May 31, 2024, and has a three-year option that extends to 5/31/2027. The current rent is $1,356.00 per month. The Landlords are open to a new, long-term lease for the Buyer of the Pharmacy. Required payroll includes 1 FT RPh/PIC, 1PT RPh, 1PT Pharm Tech. All existing personnel are experienced and knowledgeable about the customers and the local market. This is an opportunity for a first-time Buyer, an experienced pharmacist, to purchase a fast-growing and profitable store in a great location in Butler County. This store is well positioned to continue its strong growth by building positive relationships with the patients and local health providers. It is ready for continued expansion into specialty niches under a new owner. Motivated Seller has reduced price, will listen to all reasonable offers.

If interested in this listing, please contact Tom Cook

LISTING: CA-2

VENTURA COUNTY - A well-established (20 years in this location) pharmacy located in central Ventura County. 40 Miles from downtown Los Angeles, this store serves an affluent trading area of more than 100,000 people. Located nearby all local medical facilities and prescribers. The store has strong compounding and specialty healthcare components unique in this marketplace. It continues to grow steadily and earns very high profits. Current sales are $3.084MM, on track to generate $3.2MM++ for FY 2024. Steady growth over the past three years. Gross margins of 27.5% and strong profits due to the compounding practice and specialty immunization programs unique to this pharmacy within the local trading area. Very low operating costs. The store is currently filling 42,000 Rxs annually, 2,300 of which are compounds, all paid in cash, the balance paid by traditional managed care plans. The store is open from 9-6 M-F, closed nights, weekends and holidays. 45 hours weekly. It occupies 900 sq. ft. space which includes 100 sq. ft. of storage. The current lease expires in 2027, monthly rent of $3,075.00. Landlord is open to discussing a new, longer lease for a new owner. The required payroll includes 1 FT Pharmacist (The current owner serves in this position), two full-time techs,1 full time clerk. The staff is experienced and knowledgeable about the customers and the local market. There is financing available for a creditworthy and qualified buyer with a reasonable equity contribution. This is an opportunity for an experienced pharmacist to purchase a long-established, highly profitable store in a pleasant, suburban environment. This store generates substantial profits after servicing any debt incurred in the transaction. A new owner will reap the rewards of a well-run store that has a unique niche in this marketplace and a great location, surrounded by many prescribers and other healthcare resources.

If interested in this listing, please contact Steve Wagner.