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