Well-established hometown community pharmacy, owned and operated by its original pharmacist founder and well known and respected among local residents. The pharmacy benefits from many strong, long-standing relationships with physicians and medical offices, making it an excellent opportunity for a first-time pharmacist owner-operator or an established group seeking to expand its presence in Florida. The business is currently operated by the pharmacist owner, one full-time technician, two part-time technicians, a part-time pharmacist who works one day per week and provides additional coverage as needed, and a part-time delivery driver.
Insurance contracts include CVS/Caremark, Express Scripts, Humana, Optum, Prime Therapeutics, and Florida Medicaid, with additional insurance and discount plans available through LeadNET PSAO. Cardinal Health is the primary wholesaler plus several secondary wholesalers, and Rx30 is the pharmacy software. The pharmacy offers cash-pay non-sterile compounding services with room for expansion, along with vaccinations such as seasonal flu shots. A small, easy-to-manage front end carries essential OTC products, sundries, and gifts and can be handled by the existing staff. Additional revenue from cash sales (no insurance) for medical supplies such as equipment, ostomy and wound care products. There is a certified fitter on-site. This part of the business is ripe for expansion.
The pharmacy generated strong gross margins of approximately 27% in 2024 and 30% in 2023. Open Monday through Friday daytime hours only and closed nights and weekends, the business provides an excellent work-life balance. Additional growth opportunities include developing partnerships with clinics and implementing targeted local, online, and social media marketing initiatives.
