Over 500 Pharmacies Sold



in-contractDutchess 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.


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