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Local Pharmacy In A Busy Plaza New Jersey For Sale

Passaic County, New Jersey, US
Asking Price:
$500,000 Furniture / Fixtures included
Sales Revenue:
$1,886,491
Cash Flow:
Undisclosed

HS Listing ID-69071

Revenue: $1,886,491

Script Total: ~7,600

Brand vs. Generic: 27% / 73%

Business Highlights

Script Count: Steady volume of ~7600 scripts annually (30/daily avg)

Infrastructure: Recently underwent $200,000 in high-end renovations, offering a modern, clinical, and welcoming environment.

Ease of Transition: The current Staffing Pharmacist (SP) is willing to remain post-sale at a base pay of $70/hour, ensuring immediate continuity.

Growth Ready: Currently operating only 5 days per week, providing a massive immediate upside for a buyer willing to expand to weekend or evening hours.

Full Credentialing: All major insurance plans are accepted with no notable exclusions or PBM issues.

Ownership: current owner has owned for 4 years

Size: 2,000 sqft location

Location & Market Demographics

The pharmacy is situated in a high-visibility, easily accessible location, designed to capture both local foot traffic and commuter patients.

Accessibility: Ample dedicated parking and proximity to local medical providers and healthcare clinics in the same plaza.

Demographics: boasts a stable population density with a strong median household income.

Senior Market: A significant percentage of the local population is aged 65+, the highest-utilizing demographic for pharmacy services.

Competitive Landscape: While there is competition within a 3-5 mile radius, this pharmacy’s boutique service model and modernized facility provide a distinct competitive advantage over big-box retailers.

Prescription Volume & Operational Analysis

The pharmacy maintains a consistent, manageable volume with high growth potential through operational expansion.

Mix: Diverse blend of new prescriptions and recurring refills. (Detailed Generic vs. Name-brand mix available via Micro Merchant reports).

Expansion Opportunity: Revenue is currently capped by a 40-hour work week. Extending hours to 6 or 7 days per week could potentially increase script volume by 20–30% based on local demand.

OTC Sales: ~$3,000 / month

Wholesale Suppliers & Inventory Management

The business benefits from a “Dual-Wholesaler” strategy, ensuring supply chain resilience and competitive pricing.

Primary Suppliers: Kinray and McKesson.

Advantages: Access to the two largest distributors in the U.S. ensures reliable next-day delivery, aggressive rebate programs, and strong purchasing power.

Systems: Fully integrated with Micro Merchant pharmacy management software for seamless inventory tracking and e-prescribing.

Inventory Turnover: Lean inventory management practices are in place, maximizing cash flow.

Facility, Equipment & Assets

The physical assets of this pharmacy represent a significant portion of the acquisition value, reducing the need for future capital expenditure.

Asset Valuation: $500,000 (Equipment + Patient Files & Goodwill).

Recent Investment: $200,000 in recent facility upgrades.

Technical Inventory:

State-of-the-art dispensing systems.

Medical-grade refrigeration for biologics/vaccines.

Modern Security and POS systems.

Modern, high-efficiency pharmacy layout.

Rent & Lease Terms

Monthly Rent: $5,000.

Lease Term: 10 Years (New or assumable).

Security: Long-term lease ensures the buyer can amortize the acquisition over a full decade with predictable occupancy costs.

Terms: Lease includes standard assignment provisions for a seamless business transfer.

Staffing & Transition Support

The business is currently “turnkey” from a staffing perspective, requiring minimal recruitment efforts post-closing.

Current Staff: 2 Employees (1 Pharmacist, 1 Technician).

Retention: The Staff Pharmacist (SP) is willing to stay at $70/hr, providing the buyer with immediate professional coverage.

Seller Support: The selling pharmacist is committed to a smooth transition, including training on local physician relationships and operational workflows.

A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION

Property Information

Real Estate:

Lease

Lease Terms:

Lease Term: 10 Years (New or assumable).

Leasehold Rent:

$60,000 per annum

Business Operation

Reasons for selling:

Other business interests.

Other Information

Support & training:

Yes.