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letter-of-intentMonmouth County - A well-established (13 years in this location under the same ownership) compounding only pharmacy, located in a pleasant upscale suburb in Monmouth County. Located just 30 miles south of Edison, NJ, this store serves the compounding requirements of an affluent trading area of more than 10,000 people within the immediate area. The store does compounding only, does not take any third party plans, an all cash business. FYE 12/31/16 showed reported sales of $257K, steady growth averaging over 10% annually for the past four years. 100% compounded Rxs, 88% gross margins, all cash. The store is currently filling 4,500++ Rxs annually, all cash, no third party pay, non-sterile only broad mix of HRT, topical and veterinary Rxs. It is open from 11-6:30 Monday-Friday, 11:30-3:30 Saturday, closed nights, Sundays and holidays. 42 hours weekly.The store occupies a 500 sq. ft. space which includes 50 sq. ft. of storage. There is a new lease available for a new owner. Current base rent is $550.00 monthly. The store has a PCCA/PK computer system and all necessary/required compounding equipment. The required payroll includes 1 FT Pharmacist (the current owner), either a FT tech or a PT Pharmacist. There is some financing available for a creditworthy and qualified buyer with a reasonable equity contribution. This is an opportunity for a well-trained compounding pharmacist (or owner will train a qualified and interested candidate), possibly a first-time buyer, to purchase a well-established compounding pharmacy located in a pleasant, upscale suburban environment. This store has ample opportunity to grow with increased marketing efforts, occupies a special niche in Monmouth County and is very well located, has a great reputation with local prescribers and can provide a comfortable living in a unique and highly professional practice setting.

If interested in this listing, please email Jack Collins.

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