Manhattan - A long-established (12 years in this location) full line pharmacy located in a busy and populous Central Harlem location. Located in close proximity to all major highways and subway lines servicing the area, this store serves a middle-class trading area with a population of more than 50,000 people, has limited local independent competition in the immediate area. FYE 12/31/17 showed reported sales of $7.6MM, stable trends over the past three years. 90+% Rx sales, full store margins of 20%. The store is currently filling 50,000++ Rxs annually, 7% cash, the balance traditional Managed Care plans, Medicare Part D, some NYS Medicaid. It is open from 8:30-7:30 Monday - Friday, 10-5 Saturday, closed Sundays and holidays. 62 hours weekly. It occupies a 4,000 sq. ft. space and has an additional 1,500 sq. ft. of storage space. There is a new, long lease available for a new owner. The current base rent is $18,000.00 monthly plus taxes and CAM. The required payroll includes 1 FT Pharmacist, 1 PT Pharmacist, 2 FT techs, front store manager, 4 FT clerks, 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 pharmacy owner to purchase a well-established store in a busy urban environment. It is a full format store with a large front end which provides excellent merchandising opportunities for OTC and general merchandise sales. This store has ample opportunity to grow, explore new niches and specialty opportunities, under new and motivated management. Ideal for a multi-store owner with other interests in the NYC market, fully staffed, no new personnel required to transition the ownership.
If interested in this listing, please email Jack Collins.