Posts in Western
LISTING: CA-1

North Coast CA - A high gross-profit pharmacy, located in Marin County, in Coastal Northern California. Providing a full range of pharmacy and pharmacy-related services, the store has been in operation for fifty years, under current ownership since 2006. Located 50 miles from San Francisco, the pharmacy serves a trading area of 20,000 people. The pharmacy is ideally located and staffed to provide a variety of healthcare services to the area population. Sales for FY 2024 were approximately $2MM, and business continues to remain strong. Current full store Gross Margins are 35%. Sales are approximately 70% Rxs, with strong generic Rx dispensing rates. The store also has a solid front-end business of OTC, HBA, Toys and Gifts that generates 50% GP and sees high volume from tourist and seasonal traffic. Currently filling 15,000++ prescriptions annually. 100% Insurance Pay. Generic dispensing averages 76%, Brands average 24%. Store hours are 9AM-6PM M-F, 9AM-4PM Saturdays, 10AM-3PM Sundays. 57 hours weekly. The store occupies 1800 sq. ft. space including 300 SF Storage. The current lease is month-to-month. The base rent is $2735.00 per month. The landlord is open to providing an extended lease to the new owner of the Pharmacy. Required personnel are 1FT RPh, 1 PT Pharm Tech, 1 FT Clerk, 1 PT Clerk, 1 PT Delivery Person. All existing personnel are experienced and knowledgeable of the local market and the customers. This is an opportunity for an experienced Pharmacist to purchase a well-established, highly profitable pharmacy in a pleasant well-trafficked area. The store has a strong reputation for service and is known in the community as the go-to location for prescribers and patients. It will continue to grow and with some modest marketing efforts, and a new owner will reap the benefits of a well-run store with limited competition.

If interested in this listing, please contact Steve Wagner.

WesternGuest User
LISTING: WA-1

WASHINGTON STATE - THURSTON COUNTY - A well-established and growing pharmacy (34 years in this location, under current ownership for 9 years), in an excellent, high-visibility and traffic location. Located 3 Miles from downtown Olympia, 40 miles from Tacoma, 65 miles from Seattle. The store serves a vibrant trading area of more than 55,000 people. There are the usual chains and a few small independent pharmacies in the immediate area, none that offer the service and selection of this Pharmacy. The store also has strong relationships with local assisted living facilities. It continues to grow steadily and earns strong profits. Sales for FY 2023 were $6.22MM. FY 2024 is on a similar sales track. Strong growth over the past three years due to strong customer service. Gross margins of 16.5%. Currently filling 48K Rxs annually, 7% Cash, the balance paid for by Insurance Plans. 80% Generics, 20% Brands. Store Hours are 9AM-6PM M-F, 9AM-2PM Saturday, closed nights, weekends, and holidays. 50 hours weekly. The store occupies 2900 sq. ft. space, 1700SF for the pharmacy, 1200SF of storage. The current lease expires on 12/31/2025, and has one, five-year option. Monthly rent of $3,425.00. Landlord is open to discussing a new, longer lease for a new owner. Required payroll includes 1 FT RPh/PIC, 1 PT RPh, two full time techs, 1 full time clerk. The staff is experienced and knowledgeable about the customers and the local market. This is an opportunity for an experienced pharmacist to purchase a long-established, highly profitable store in a desirable and pleasant environment. The pharmacy generates substantial profits, and a new owner will reap the rewards of a well-run store that has a strong presence in this marketplace and a great location that has many prescribers in its location, as well as other healthcare resources.

If interested in this listing, please contact Steve Wagner.

LISTING: CA-2

WEST LOS ANGELES COUNTY - A well-established pharmacy, 40 years in this location, under the same ownership. Located 15 Miles from downtown Los Angeles, this store serves an affluent trading area of more than 100,000 people. There is limited competition in the immediate area, the closest Pharmacy, an independent, is 1 mile away. The store is conveniently located to all retail, restaurants, medical and office facilities. Sales for FY 2024 will be approximately $3.3MM, comparable to FY 2023. Prescription sales are 98% Rxs, the balance in front-store merchandise. Overall Gross Margin is 19.6%. Currently filling 32K Rxs annually, with strong generic pharmaceutical dispensing rates. Store hours are 8:30AM-6PM M-F, 9AM-4PM Saturday, closed nights, Sundays, and holidays. 63.5 hours week. The store occupies 1150 sq. ft. space. The current lease expires March 31, 2033. The monthly rent is $7,654.00, 3NNN. Landlord is open to discussing a new, longer lease for a new owner. Required payroll includes 1 PIC, 1 PT RPh, two part-time PharmTechs, 2 PT clerks. The staff is experienced and knowledgeable about the customers and the local market. This is an opportunity for an experienced pharmacist to purchase a long-established, highly profitable store in a highly desirable and pleasant environment. The pharmacy generates substantial profits, and a new owner will reap the rewards of a well-run store that has a unique niche for service in this marketplace and a great location that has many prescribers in its local area as well as other healthcare resources. Motivated Seller needs to retire, has reduced price, will listen to all reasonable offers.

If interested in this listing, please contact Steve Wagner.