METRO SAN DIEGO - A well-established pharmacy, under the same ownership since 2017, in Metro San Diego. Located nine miles from downtown, this store serves a middle-class trading area of more than 30,000 people. There is limited competition in the immediate area, only a CVS and a Kaiser Permanente location. The store is conveniently located to all retail, restaurants, medical and office facilities. Projected Sales for FY 2025 are trending to $4.026MM. Store sales are 98% Rxs, the balance in front-store merchandise. Overall Gross Margin is 17.8%. Currently filling 47K Rxs annually, with strong generic pharmaceutical dispensing rates. The store services many board & care facilities, which accounts for 70% of the business. Store hours are 9AM-5:30PM M-F, closed nights, weekends, and holidays. 42.5 hours weekly. The store occupies 1500 sq. ft. space. The current lease runs until 12/31/2027. The monthly rent is $2,600, not including CAM. Landlord is open to discussing a new, longer lease for a new owner. Required payroll includes 1 PIC, 1 PT RPh, 2 PT clerks, 1 FT Driver. The staff are 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.
If interested in this listing, please contact Steve Wagner.