South Central Alaska - A long-established (41 years in this location, 15 under current ownership) full line pharmacy located in a unique small town in South Central Alaska. 175 miles southeast of Anchorage, 2300 miles northwest of Seattle, on a beautiful stretch of the Alaskan coastline, this store serves an affluent trading area ($100K median family income) of more than 2,000 people, has no competition whatsoever. It is the oldest existing pharmacy in the state, opened in 1908. FYE 12/31/15 showed reported sales of $1.25MM, stable trends over the past three years. 70% Rx sales. Cards, gifts, electronics, all contribute to full store margins of 34%. The store is currently filling 10,000++ Rxs annually, 25% cash, 10% Medicaid, the balance traditional Managed Care plans. It is open from 9:30-6 Monday through Saturday, closed nights, Sundays and holidays. 50 hours weekly. It occupies a 2,500 sq. ft. space which includes 250 sq. ft. of storage. There is a new lease available for a new owner. Current base rent is $3,500.00 monthly which includes some warehouse space as well. The required payroll includes 1 FT Pharmacist (the current owner), 1 PT Pharmacist (a relief pharmacist brought in to cover vacations – the owner took ten weeks off last year), 1 FT tech, 2 FT clerks. All existing local 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. If you are ready for a dramatic change in life style, love the outdoors (great hunting, fishing and hiking just 15 minutes out of town), want to practice pharmacy under your own terms, this is a great opportunity. This long-established store provides a very comfortable living for its current owner and his family, can continue to do so for a new owner, and service any debt incurred in the transaction. This is a unique store in a unique part of the world, as a buyer can see when researching the area. No competition and none to come, this solidly-established business just might be for you.
If interested in this listing, please email Steve Wagner.