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Listings

NY-2

Brooklyn - A newly-established full line pharmacy located in one of North Brooklyn’s rapidly gentrifying residential neighborhoods. Brand new construction, built by one of the best store builders in the City (review photo file accompanying this profile). This store is well located, close to all major transportation arteries, subway, bus and highway, on the ground floor of a new condo building. There is no competition, chain or independent, within six blocks of this location. FYE 12/31/15 (first full year in business) shows reported sales of $850K @ 40% gross margins. Current run rate is $100K per month and growing. Sales mix is currently 50% Rx sales, 50% OTC. The store is currently filling 500++ Rxs monthly, 8% cash, the balance traditional Managed Care plans. The pharmacy department is open from 8-8 Monday - Friday, 9-7 Saturday, closed Sundays. Front end is open on Sunday as well, from 10-6. 70 hours weekly for the pharmacy. The store occupies a 4,500 sq. ft. space which includes 500 sq. ft. of storage. There is a 15 year lease in place. Current base rent is $12,713 monthly plus condo charges of $1,200 monthly. The current payroll includes 1 FT Pharmacist, 1 PT Pharmacist, 2 FT cashiers, 2 FT stock people, two assistant managers. There is some financing available for a creditworthy and qualified buyer with a reasonable equity contribution. This is an opportunity for an experienced pharmacy retailer to take over a well-positioned store that is located in one of downtown Brooklyn’s rapidly changing neighborhoods. This store has a long way to go to reach its maximum potential, both in front store sales and Rx providing. It needs an owner/management team that can maximize the beautiful and well-merchandised store front and provide health care marketing expertise to develop its potential to the fullest. Current owners have other interests and are not devoting the time, energy and capital required to make this happen.

If interested in this listing, please email Tony De Nicola.

NY-3

Dutchess County - A well-established (11 years in this location) full line pharmacy located in a pleasant small town in northern Dutchess County. Located just 90 miles north of New York City, this store serves a trading area of more than 3,000 people, has NO local competition whatsoever. The nearest independent is in Connecticut, more than five miles away across the state line. No chains within ten miles of the downtown area. FYE 12/31/16 showed reported sales of $1.7MM, stable trends over the past three years. 85%++ Rx sales, full store margins of 27%. The store is currently filling 23,000++ Rxs annually, 1% cash, the balance traditional Managed Care plans. It is open from 9-6 Monday - Frdiay, 9-4 Saturday (pharmacy – 52 hours weekly), front store open 9-6 Saturday, 9-5 Sunday as well. The store occupies a 5,000 sq. ft. space which includes 500 sq. ft. of storage. There is a new lease available for a new owner. Current base rent is $5,750.00 monthly including taxes and CAM. The required payroll includes 1 FT Pharmacist (currently an employee, as the store is absentee-owned) 1 PT Pharmacist, 1 FT Tech, Store Manager, 2 FT clerks. 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 well-established store in a pleasant, small town environment. This store has ample opportunity to grow, explore new niches and specialty opportunities, under new, hands on and motivated management. This is a great town and the store is well located, has an excellent reputation for customer service.

If interested in this listing, please email Tony De Nicola.

NY-4

in-contractBrooklyn - A newly established independent pharmacy (opened in 2015) located in a middle-class Brooklyn neighborhood, at the northern end of Sunset Park. The store is right across the street from a major hospital complex, close to all major highways and transportation hubs. A brand new buildout, well-merchandised with limited competition in the neighborhood, one other independent and a Duane Reade store. The current rate of sales is over $100,000.00 per month and growing, 90% Rx sales, full store margins of 20%. Strong growth pattern since opening, could do $1.5MM in the second full year. The store filled 13,000 Rxs in 2016, current Rx fill rate (1,500 per month) indicates at least 18,000 Scrips for 2017. It is open from 9-7 Monday - Friday, 10-3 Saturday, closed Sundays and holidays. 55 hours weekly. The store occupies a 1,200 sq. ft. space and has 1,200 sq. ft. of basement storage as well. It is subleasing from the adjoining tenant. Lease runs through 2024, current base rent is $3,500.00 monthly plus tenant’s share of taxes and CAM, plus utilities. The required payroll includes 1 FT Pharmacist (the current owner is absentee, SP is an employee pharmacist), 1 PT Pharmacist, 2 PT clerks. 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 brand new store in a well-established and growing Brooklyn neighborhood. This store has ample opportunity to grow, explore new niches and specialty opportunities, under new and motivated hands on management. This is an excellent area and an excellent location. The cost of entry is the same or less than that of opening a new store and the business is already generating well over $1MM in sales. If you were contemplating a start-up of some kind, this is a far better opportunity.

If interested in this listing, please email Jack Collins.

NY-5

Brooklyn - A well-established (15 years under current ownership) full line pharmacy located in central Brooklyn (Borough Park/Sunset Park area). Located one block from the local subway stop, with easy access by car from the BQE and all major highways, this store serves a traditional middle class Brooklyn neighborhood with a population of over 20,000 residents. The store’s clientele is heavily weighted towards Russian-speaking people. There are no chains whatsoever in the trading area and limited local independent competition. FYE 12/31/16 showed reported sales of $2.2MM after adjustments. The store has delivered steady growth over the past three years, 90%++ Rx sales, full store margins of 26%++. The store is currently filling 30,000++ Rxs annually, 5% cash, the balance traditional Managed Care plans. It is open from 9-7 Monday - Thursday, 9-4 Friday, 10-4 Sunday. Closed Saturdays. 53 hours weekly. The store occupies a 1,250 sq. ft. space and has a full basement as well. Current rent, including real estate taxes, is $4,900 monthly. The required payroll includes 1 FT Pharmacist, 1 PT Pharmacist, 2 PT techs, 2 FT clerks (the current owners are not pharmacists). All existing personnel are fluent in Russian (which is very important in this store). They 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 well-established store in a pleasant, middle class Brooklyn, neighborhood. This store has ample opportunity to grow, explore new niches and specialty opportunities, under new and motivated management that is willing to get out and seek new business. A pharmacist/hands on owner can earn a comfortable living while satisfying any debt incurred in the transaction.

If interested in this listing, please email Jack Collins.

NY-6

in-contractBrooklyn - A well-established (14 years in this location, original owner still working the store) full line pharmacy located in a densely populated north-central Brooklyn neighborhood. Located on the main shopping street in this part of the borough, directly across the street from the subway stop, the store serves a trading area of more than 20,000 people, has only one independent competitor and one chain store in the immediate area. Outstanding service reputation with local prescribers, clinics and patients, very well kept and well managed store. FYE 12/31/16 showed reported sales of $11.5MM, up 35% over 2015. 95%++ Rx sales, full store margins of 15%. The store is currently filling 135,000++ Rxs annually, 4% cash, 8% Medicaid, the balance traditional Managed Care plans, including managed Medicaid, some 340B (a provider to three local 340B clinics) as well. The store is open from 9:00-7:30 Monday - Friday, 9-4 Saturday, closed Sundays and holidays. 60 hours weekly. It  occupies a 3,000 sq. ft. space which includes1,000 sq. ft. of storage. There is a new, long lease available for a new owner with a starting base rent of $7,500.00 monthly plus taxes. The required payroll includes 2FT Pharmacists (one of whom is the current owner), 4 FT techs, 2 FT clerks, 2 PT clerks, 2 FT drivers. 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 operator to purchase a well-established, high volume, high profit store in a busy and continually gentrifying part of Brooklyn. This store has grown significantly in recent years, has positive referral relationships with local clinics and other health care providers, and has limited competition. It earns significant net profits, can easily service any debt incurred in the transaction and still provide a high return, whether for an absentee owner with other stores or a hands-on operator who wants to dig in and earn big money in a fast-paced work environment.

If interested in this listing, please email Jack Collins.

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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.