Over 500 Pharmacies Sold



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.


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