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WA-1

Washington State - The only pharmacy on the third largest of the San Juan Islands, 100 miles Northwest of Seattle. The pharmacy was established in 1978, serves a local population of almost 3,000 people. A truly unique place to live, work and practice pharmacy. The current owners have owned the store for the past 22 years and are now ready to retire. The store is located in the center of the village, in close proximity to the local medical clinic as well as other retail establishments. FYE 12/31/15 showed reported sales of $1.77MM, up 8% over 2014, steady growth over the past three years. 90% Rx sales, full store margins of 26%. The store is currently filling 30,800++ Rxs annually, 13% cash, the balance a broad mix of traditional Managed Care plans. Rx volume includes some LTX/ALF business, a local hospice and a small amount of compounded Rxs as well. It is open from 9-6 Monday to Friday, closed nights and weekends. 45 hours weekly. It a 2,200 sq. ft. space which includes storage and offices. There is a new lease available for a new owner at a starting base rent of $2,300.00 monthly. Possible real estate investment opportunity for a qualified buyer. The required payroll includes 1 FT Pharmacist (the current owner), 2 FT techs, 2 PT 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 pharmacist who is ready to change his/her life to purchase a long-established and profitable store in a truly unique environment. Raise your family (or just live and work) in a pleasant and safe environment in one of the most beautiful parts of the Pacific Northwest. Enjoy a professional environment, the respect of your clients and your fellow healthcare professionals.

If interested in this listing, please email Steve Wagner.

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