South Carolina - A long-established (36 years in this location under the same ownership) compounding pharmacy specializing in hormone replacement therapy. Located 25 miles northwest of Charleston, SC, 100 miles southeast of Columbia, this store serves a trading area that stretches throughout the state, by virtue of its long-standing professional reputation and professional service to the prescribers and patients that require its unique compounding services. Eleven month interim financials indicate that FYE 12/31/16 will show reported sales of $630K, up 5% over the previous year. 98%++ Rx sales, full store margins of 86%. The store is currently filling 17,000++ Rxs annually, ALL CASH, NO THIRD PARTY PAYMENTS. It is open from 9-5 Monday - Friday, closed Saturdays, Sundays and holidays. 40 hours weekly. It occupies a 2,500 sq. ft. space plus has an additional 2,200 sq. ft. of storage space. Building is available for purchase as well. The required payroll includes 1 FT Pharmacist (the current owner), 1 PT Pharmacist, 2 FT techs, 2 PT techs. All existing personnel are experienced and knowledgeable about the world of compounding. There is bank financing available for a creditworthy and qualified buyer with a reasonable equity contribution. This is an opportunity for a compounding pharmacist to purchase a long-established business in a pleasant, upscale suburban environment. This business has an impeccable reputation with prescribers and patients, continues to grow as its reputation spreads throughout the state. Current growth is WITHOUT any external marketing efforts (strictly word-of-mouth). The fact that it is not doing any sterile compounding (which adds costs and creates regulatory challenges) and does not accept third party plans adds significantly to its value. This business can provide a substantial living for its owner in a most professional, short hours practice setting.
If interested in this listing, please email Ed Webman.