Burlington County - A well-established (11 years in this location) full line pharmacy located in a pleasant, middle class suburb in Burlington County. Located 50 miles south of Edison, NJ, 75 Miles from NYC, 30 Miles from Philadelphia, this store serves a trading area of more than 7,500 people, has limited independent competition, only large chains, who do not provide the services that the consumers in this market require. FYE 7/31/16 showed reported sales of $1.42MM. 95%++ Rx sales, full store margins of 27%. Interim financials through 4/30 indicate $1.275MM for FYE 7/31/17. The store is currently filling 16,000++ Rxs annually, 50% cash, the balance traditional Managed Care plans. 10% compounded Rxs, 80% of which are veterinary, all compounded Rxs are cash, no third party billings. The store is open from 9-6 Monday - Thursday, 9-4 Friday, closed Saturdays, Sundays and all holidays, only 43 hours weekly. It occupies a 3,000 sq. ft. space which also has 3,000 sq. ft. of storage. It is a free-standing building with ample parking (formerly a bank). The seller owns the building, would like to sell it along with the business. The required payroll includes 1 FT Pharmacist (the current owner), 1 FT tech. 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, preferably with some compounding experience, to purchase a well-established store in a pleasant, middle class suburban environment. This store has ample opportunity to grow, explore new niches and specialty opportunities, under new and motivated management. This is an excellent trading area with limited independent competition, needs a service oriented, personalized pharmacy that can provide the services the marketplace requires.
If interested in this listing, please email Jack Collins.