Over 500 Pharmacies Sold



in-contractVirginia - A long-established (over 100 years in this location, 43 under current ownership) full line pharmacy located in a pleasant small town in south-central Virginia. Located just 50 miles southwest of Richmond, this store serves a middle class semi-rural trading area of more than 3,000 people, has no local competition whatsoever. The nearest pharmacies, one independent and a WalMart, are more than ten miles away. FYE 12/31/16 showed reported sales of $2.83MM, steady increases over the past three years, 95%++ Rx sales, full store margins of 20%. Currently filling 59,000++ Rxs annually, 10% cash, the balance traditional Managed Care plans. The store is open from 8-6 Monday - Friday, 9-2  Saturday, closed Sundays and holidays. 50 hours weekly. It occupies a 4,200 sq. ft. space which includes1,200 sq. ft. of storage. There is a new lease available for a new owner with a starting base rent of $1,000.00 per month and the building owner, who owns the pharmacy as well, would like to sell the real estate along with the business. The required payroll includes 1 FT Pharmacist (current owner is absentee), 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 long-established store in a pleasant, small town environment. This store has ample opportunity to grow, explore new niches and specialty opportunities, provide additional services (such as delivery) under new and motivated management. This is a great town and the store is long-established, well located, has no competition and an excellent reputation for customer service.

If interested in this listing, please email Ed Webman.


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