South Texas - A long-established (43 years in this location under the same ownership) full line pharmacy located in a populous Texas city in the southernmost portion of the state. Located 275 miles south of San Antonio, 350 miles southwest of Houston, this store operates in a trading area of more than 200,000 people. It has a small but profitable home healthcare business unit as well as providing traditional pharmacy services to a mostly Hispanic customer base. FYE 12/31/15 showed reported sales of $3.1MM, stable trends over the past three years. 90%+ Rx sales, 8% HHC sales, full store margins of 23.4%. The store is currently filling 26,000++ Rxs annually, which includes 100 compounded Rxs per month, servicing some local Assisted Living and Senior Residences as well. It is open from 9-6 Monday - Friday, no nights, weekends or holiday hours. 45 hours weekly. The store occupies a 3,000 sq. ft. space which includes 1,000 sq. ft. of storage. There is a new, long lease available for a new owner with a starting base rent of $3,000.00 per month. The required payroll includes 1 FT Pharmacist (the current owner), 2 FT techs, 2 FT clerks, driver, a billing clerk, HHC manager. 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 long-established and profitable store in a bustling and very populous city. This store has ample opportunity to grow, explore new niches and specialty opportunities, under new 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 Glenn Hall.