Posts tagged Letter of Intent
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.

FL-1

Miami, FL - A well-established high volume, high-profit pharmacy, in business for twelve years, eight years in the current building. Primarily focusing on delivery service, the store is ideally situated to serve the Miami downtown and local Metro areas. Located 7 Miles from downtown Miami, 17 miles from Hollywood, FL and 25 miles from Fort Lauderdale, this store serves a trading area of more than 500,000 people. Because of the strength of the delivery business, the store has developed a strong niche that has been underserved in the area. FY 2024 tracking to approximately $4.6MM, based on recent financial information. Gross margins of 22.5% overall. Currently filling 75,000++ Rxs annually. 88% Generics, 12% Brands. Store Hours are 8AM-4PM M-F. Closed Weekends and Holidays. 40 hours weekly. The store occupies 2500 sq. ft. of space, 2100 SF Pharmacy and 400 SF of storage. Owner owns building, proposes rent of $6000 per month 3NNN. Potential Real Estate Investment as there is an additional Tenant in the building. Required payroll includes Payroll includes 1 FT RPh, 2 FT Techs, 1 FT Clerk, 2 FT Drivers. All existing personnel are experienced and knowledgeable about the customers and the local market. This is an opportunity for an experienced pharmacist, a multi-store owner, to purchase a well-established, profitable store in a great location that is poised for continued growth. This store is well positioned in the community as a premier health care provider. With some reasonable marketing efforts, the store is ready to continue expansion into new, specialty niches under a new owner. This is a highly desirable location and an excellent business and investment opportunity.

 If interested in this listing, please contact Larry Greenfield.