Community Pharmacy with Beer/Wine/CBD Products Upstate NY since 1988
Business Description
Established Independent Community Pharmacy - Operating Since 1988
This well-established independent retail pharmacy operates from a freestanding facility in Rensselaer County, New York, strategically positioned in a rural market approximately 20 miles east of Albany. The business has maintained continuous operations since 1988, demonstrating exceptional longevity and market stability.
Regulatory Compliance & Licensing:
The pharmacy maintains all requisite regulatory approvals including New York State Board of Pharmacy licensure and DEA registration. The business holds additional licenses for beer and wine retail sales as well as CBD product distribution, creating multiple revenue streams.
Insurance Network Participation:
Comprehensive insurance coverage includes contracts with major PBMs: CVS Caremark, Express Scripts, Empire BCBS, Humana, CDPHP, Medco, Paid, Smith RX, Medicare, and New York Medicaid programs.
Operational Metrics:
The pharmacy processes approximately 1,400-1,800 prescriptions monthly, with seasonal variations reflecting typical market patterns. Current prescription volume demonstrates consistent patient demand and operational capacity.
Service Portfolio:
- Retail prescription dispensing with minimal patient wait times
- Immunization services
- Durable medical equipment sales
- Over-the-counter products and vitamins
- Specialized compounding services for veterinary medications and topical preparations
- Walk-in patient services
Market Position:
The pharmacy enjoys a protected market position with no direct pharmaceutical competitors within a seven-mile radius. The nearest chain pharmacy competitor is located over seven miles away, providing significant geographic protection and customer retention advantages.
This turnkey operation represents an exceptional opportunity to acquire an established healthcare business with diversified revenue streams, regulatory compliance, and strong market positioning in an underserved rural market.
This well-established independent retail pharmacy operates from a freestanding facility in Rensselaer County, New York, strategically positioned in a rural market approximately 20 miles east of Albany. The business has maintained continuous operations since 1988, demonstrating exceptional longevity and market stability.
Regulatory Compliance & Licensing:
The pharmacy maintains all requisite regulatory approvals including New York State Board of Pharmacy licensure and DEA registration. The business holds additional licenses for beer and wine retail sales as well as CBD product distribution, creating multiple revenue streams.
Insurance Network Participation:
Comprehensive insurance coverage includes contracts with major PBMs: CVS Caremark, Express Scripts, Empire BCBS, Humana, CDPHP, Medco, Paid, Smith RX, Medicare, and New York Medicaid programs.
Operational Metrics:
The pharmacy processes approximately 1,400-1,800 prescriptions monthly, with seasonal variations reflecting typical market patterns. Current prescription volume demonstrates consistent patient demand and operational capacity.
Service Portfolio:
- Retail prescription dispensing with minimal patient wait times
- Immunization services
- Durable medical equipment sales
- Over-the-counter products and vitamins
- Specialized compounding services for veterinary medications and topical preparations
- Walk-in patient services
Market Position:
The pharmacy enjoys a protected market position with no direct pharmaceutical competitors within a seven-mile radius. The nearest chain pharmacy competitor is located over seven miles away, providing significant geographic protection and customer retention advantages.
This turnkey operation represents an exceptional opportunity to acquire an established healthcare business with diversified revenue streams, regulatory compliance, and strong market positioning in an underserved rural market.
About the Business
- Years in Operation
- 38
- Facilities & Assets
- Free Standing Building
- Market Outlook / Competition
- Very little competition small rural town
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 2,000
- Rent
- $2,500.00 per month
About the Sale
- Seller Motivation
- Retirement
- Transition Support
- Seller will train as needed
Listing Info
- ID
- 2421804
- Listing Views
- 403
Listing ID: 2421804 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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