Over 500 Pharmacies Sold



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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