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MI-1

in-contractWestern Michigan - A well-established (seven years in this location) full line pharmacy and PCAB accredited non-sterile compounding pharmacy located in Western Michigan, in a pleasant middle class suburb of Kalamazoo. This store serves a local trading area of more than 2,000 people, has only one, hospital-owned independent competitor, no chains at all in the local market. Its excellent location and first class facility enable it to serve consumers from both the Kalamazoo and Paw Paw markets. FYE 12/31/16 showed reported sales of $3.44MM, strong growth over the past three years. Current rate of sale, based on Q-1 2017 results, indicates it will report $3.6MM++ for 2017. 95%++ Rx sales, full store margins of 20%. The store is currently filling 40,000++ Rxs annually, which includes 1,200 compounded Rxs. The store also services a local hospice, filling approximately 3,000 Rxs annually for those patients. It is open from 8-6 Monday-Friday, 9-1 Saturday, closed Sundays and holidays. 54 hours weekly. The store occupies a custom built free standing building with ample customer and employee parking. The store owner owns the building, will entertain the sale of the real estate to a qualified buyer who can obtain his own financing. The required payroll includes 1 FT Pharmacist (the current owner), 1 PT Pharmacist, 3 FT techs, 1 FT clerk, PT bookkeeper, driver/stockperson. All existing 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. This is an opportunity for an experienced pharmacist to purchase a well-established store in a pleasant, upscale suburban environment. This store has ample opportunity to continue to grow and explore new niches and specialty opportunities. It generates the kind of revenue and profits that also make it an ideal opportunity for a multi-store owner to add to his/her portfolio.

If interested in this listing, please email Tom Cook.

MI-2

South-Central Michigan - A long-established (43 years in this location, 23 under current ownership) full line pharmacy located in a pleasant middle-class suburb in Ingham County. Located just 20 miles east of Lansing, 75 miles west of Detroit, this store serves a trading area of more than 5,000 people, has no local independent competition, only one supermarket pharmacy that does not provide the services that the consumers in this market require. FYE 12/31/16 showed reported sales of $2.93MM, stable trends over the past three years. 95% Rx sales, full store margins of 20%. The store is currently filling 37,500++ Rxs annually, 4% cash, the balance traditional Managed Care plans. It is open from 9-6:30 Monday - Friday, 9-3 Saturday, closed Sundays and holidays. 53 hours weekly. The store occupies a 3,500 sq. ft. space which includes 500 sq. ft. of storage. There is a new, long lease available for a new owner with a starting base rent of $2,000.00 per month. The required payroll includes 1 FT Pharmacist, 1 PT Pharmacist, 1 FT tech, 2 FT clerks, driver/stockperson, PT bookkeeper. All existing 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. This is an opportunity for a young pharmacist, a first-time buyer, to purchase a long-established store in a pleasant suburban environment. This store has ample opportunity to grow, explore new niches and specialty opportunities, under new and motivated management. It is currently owned by an absentee owner, needs hands on management to grow the business. This is a lovely town and the store is well located, has an excellent reputation for customer service.

If interested in this listing, please email Tom Cook.

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All financial information about pharmacies listed and buyer's qualifications are representations of the principals, and are not guaranteed in any way by Buy-Sell A Pharmacy.com. Buyers and Sellers are urged to perform all necessary due diligence through whatever means they are most comfortable with prior to entering into a transaction to buy or sell any pharmacy listed on this web site.