Established independent retail pharmacy in a busy West Coast Florida location surrounded by medical clinics and many residential communities. Operating for 17 years, the business has grown organically through word-of-mouth referrals and serves a large Hispanic customer base, with popular OTC and health and beauty products complementing prescription sales. Gross margins are approximately 33%, and daytime hours Monday through Friday, with no nights or weekends, provide an attractive work-life balance. Full DEA license 2-5. Direct third party insurance contracts with CVS/Caremark, Optum, Humana, Express Scripts, Prime Therapeutics, and Florida Medicaid. McKesson is the primary wholesaler, and Health Mart Atlas is the PSAO. Growth opportunities include non-sterile compounding, vaccinations, weight loss management and nutrition counseling, GLP-1 patient support, and other niche opportunities. Targeted local outreach and online marketing could further expand the customer base. Ideal for a first-time pharmacist owner or an established group entering the West Coast of Florida, this cash-flowing business offers an established customer base, operating infrastructure, and existing licenses and insurance contracts without having to go through the lengthy approval and credentialing process.
- Asking Price:
- $575,000 Inventory / Stock included
- Sales Revenue:
- $1,284,899
- Cash Flow:
- $266,000
Property Information
- Real Estate:
-
Lease
- Leasehold Rent:
-
$27,600 per annum
- Location:
-
West Coast Florida. Convenient location in close proximity to several clinics and medical centers. There are also many residential communities near the pharmacy.
- Premises Details:
-
Retail pharmacy with ample room to add non-sterile compounding, wellness, nutrition and weightloss counseling. Adjacent space is available as well.
- Size in square feet:
- 1,626
Business Operation
- Management type:
- This business is owner operated.
- Expansion Potential:
-
Start local and online targeted marketing campaigns. Provide additional services. This is a word of mouth referral business that has grown organicially.
- Competition / Market:
-
Minimal competition from independents in the area. This pharmacy caters to a large Hispanic population and provides OTC /HBC products not sold in other local pharmacies and supermarkets.
- Reasons for selling:
-
Please call
- Trading hours:
-
Mon-Fri: Daytime hours. Closed nights and weekends.
- Employees:
- 2
- Years established:
- 2009
Other Information
- Support & training:
-
Seller will assist in a transition period and provide post closing consulting if needed.
- Inventory / Stock value:
- $50,000 - included in the asking price
