Over 500 Pharmacies Sold



 - A well-established and rapidly growing independent pharmacy located in the densely populated, middle-class North Brooklyn neighborhood of Sunset Park.  Close to all major highways, easily accessible from Long Island and New Jersey, this store serves a trading area of more than 100,000 people. FYE 12/31/16 showed reported sales of $2.6MM, up from $1.6MM just two years ago. 90+ Rx sales, full store margins of 20%. The store is currently filling 32,000++ Rxs annually, 4% cash, 10% Medicaid, the balance traditional Managed Care plans. It is open from 9:30-6:30 Monday - Friday, 10-5 Saturday, closed nights, Sundays and holidays. 52 hours weekly.  The store occupies a 1,000 sq. ft. space plus has shared basement storage space of approximately 500 sq. ft. Current base rent is $2,800.00 monthly plus taxes. Lease expires in 2019, has a five-year option to renew. The required payroll includes 1 FT Pharmacist (the current owner is absentee, not a pharmacist), 1 PT Pharmacist, 1 FT tech, 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 busy urban neighborhood. This store has ample opportunity to grow, explore new niches and specialty opportunities under new, hands on, motivated management. There are two major hospitals, NYU and Maimonides, in close proximity to the store. 

If interested in this listing, please email Jack Collins.


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