MASSACHUSETTES - CENTRAL - A well-established long term care pharmacy, in business for 8 years, located in a convenient location in Cental MA. Located 50 miles west of Boston, 50 miles east of Springfield, MA, the pharmacy services a broad mix of ALF facilities, group homes and certain other special clients within a 60-mile trading area that encompasses all the major cities in Massachusetts. It has a long-standing reputation for excellent service and is highly profitable. Positive relationships with facility managers have been developed and nurtured for many years. FYE 12/31/23 showed reported sales of $6.7MM with 37% GP, FY 2024 on track for $5.7MM in sales and 45% GP. Currently filling 8,500 Rxs per month, 35% Medicaid, 20% Managed Care, 30% Medicare, 15% Private Pay. Most packaging is bingo cards, single and multi-dose. Store Hours are 8:30-5:30 M-F, 10AM-2PM Saturday, 10AM-1PM Sunday. 52 Hours weekly. The business occupies a 7.200 sq. ft. space, has been in the same location since its inception. There is a long lease in place, expires 2/28/2026, has one three-year option and three additional five-year options. Current base rent is $17.500 monthly including utilities. The business is fully staffed with knowledgeable and experienced pharmacists, technicians and back-office staff. Deliveries are made by local independent contractors using their own vehicles. This is an opportunity for an experienced pharmacist to purchase a long-established, highly profitable closed-door pharmacy in a trading area that has convenient access to Boston Metro and Western MA. LTC experience helpful but not necessary, as the knowledgeable and long-tenured staff know how things work and handle the day to day most efficiently. A good addition for someone who perhaps is already in the LTC business operating somewhere further west, or anywhere in the northeastern marketplace. Very high cash flow makes servicing debt comfortable with a high ROI on invested capital as well.

 If interested in this listing, please contact Jack Collins.

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.