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EASTERN MARYLAND - THREE STORE GROUP FOR SALE

Three well-established Pharmacies, all in the same location for over 20 years, located in Harford County in Eastern Maryland, near the borders of Western Delaware and Southeast Pennsylvania. 45 miles from Baltimore and Wilmington, 70 miles from Philadelphia. Providing a full-range of pharmacy and pharmacy-related services, the pharmacies serve a trading area of over 265,000 people. The pharmacies are ideally located and staffed to provide a comprehensive offering of healthcare services to broad population bases. Only one of the Pharmacies has a competitor, a small-independent. Combined sales for FY 2023 were approximately $7.1MM, and FY 2024 continues to show strong growth. Gross margins are approximately 27.5% on average. Sales are approximately 95% prescriptions, with strong generic Rx dispensing rates. Currently filling 87,000++ prescriptions annually. 96% Insurance, 4% Cash. Generic dispensing averages 88%, Brands average 12%. Stores hours vary by location. Pharmacy #1 occupies 7000 sq. ft. space, 6000SF Selling and 1000 SF Storage. The current rent is $6020.36 monthly and expires 9/30/2025. Pharmacy #2 occupies 6000 sq ft space, 5000 SF Selling and 1000 SF Storage. The current rent is $5515.00 per month, expires 10/23/2025 and has two 5-year options. Pharmacy #3 Pharmacy occupies 6000SF space, 5000SF Selling and 1000SF Storage. The current rent is $2995.00 monthly, expires 10/23/2025 and has two 5-year options. All locations are fully staffed, and the personnel are experienced and knowledgeable about the local marketplace and the customers. This is an opportunity for a multi-store owner or group to purchase three well-established, highly profitable pharmacies in thriving areas with active medical communities in well-established suburban locations. With some reasonable marketing efforts, a new owner can reap the rewards of these highly profitable stores.

 If interested in this listing, please contact Larry Greenfield.