Pharmacy with Excellent Profits For Sale

Business description

Every so often a good retail pharmacy comes to the sale market. This drug store, still growing is ripe to be sold. Asking price is less than one and a half times its earnings, which are quite lucrative. Here is an opportunity to get involved as an owner operator and increase volume and profit levels over this absentee run pharmacy. At present store averages about 175 scripts daily. Just starting to sell orthopedic shoes, owner at other location sells over 2,500 pairs of orthopedic shoes annually. These items are extremely profitable. Pharmacy has all licenses necessary and all are unblemished. Open 6 days a week, has parking for 10 cars. Sells full line and large amount of high mark up items, such as vitamins and diabetic needs. Health remedies and a great deal more high end profit levels are sold also. Area is densely populated. If new owner were to take over, increasing traffic, customized court, and profit would be an easy mark to obtain.

Property information

Size in square feet:

1,200 sq. ft.

Other information

Expansion potential:

Open Sunday – longer hours during week expansion into orthopedic shoes all will reap new owner greater profits – present owner does no promotion or advertising.

Competition / Market:

NYC and especially the Bronx can use many more pharmacy locations

Support & training:

Two weeks

Reasons for selling:

Owner divesting all his properties.

Trading hours:

Closed Sunday; Mon-Fri 10am-5pm; Sat 10-4pm

Financing available:

Owner prefers all cash for purchase of store

Furniture / Fixtures value:

$50,000 (included in the asking price)

Inventory / Stock value:

$175,000