LISTING ID # 37098

Pharmacy price reduced for quick, as-is, sale! Active pharmacy with over 20,000 Rx's per year, has all licenses and insurances!

Three-year-old, state-of-the-art pharmacy located on a main road is now available for purchase. This stand-alone building includes dedicated parking and fills 400 to 440 prescriptions weekly, with numbers continuing to grow. The pharmacy holds all major insurance contracts, including Medicare, Medicaid, and Caremark, and maintains a contract with Align RX for vaccinations, flu shots, bird flu and COVID testing, and more. It has clean licenses, no audits, and is strategically located near a large medical center, sharing the building with doctors’ offices. The pharmacy primarily serves patients through referrals from doctors’ offices and medical facilities, with prescriptions delivered directly to patients. One of the pharmacy’s most valuable assets is its portfolio of at least 30 major active insurance contracts and payors - virtually impossible to obtain today - serving over 20,000 prescriptions per year. There are dozens of additional insurance contracts in place that have not yet been marketed to their insured members. These contracts alone are valued at over $500,000. The absentee owners purchased the business in early 2024, primarily to solicit and enroll pharmacy patients into their existing home care agency and adult day care business, rather than to operate a traditional pharmacy. As a result, the pharmacy has been underutilized. An active, owner-operator pharmacist could introduce over-the-counter (OTC) products—such as vitamins, cosmetics, and other healthcare and personal items—which are currently absent despite high foot traffic and available display space. There is also strong potential to add specialty licenses, compounding services, and durable medical equipment (DME), all of which represent significant revenue opportunities. The current pharmacist’s salary could translate directly into additional profit for an owner-operator. Presently, the business breaks even, and the stated profit numbers are a conservative projection of what a hands-on pharmacist running a traditional, full-service pharmacy could generate. The current owners’ profits come primarily from providing adult day care and home care services to pharmacy clients. There is a substantial growth opportunity to offer prescription delivery and DME services to the owners’ existing 2,000-client home care agency and 280-member medical adult day care program. The pharmacy is currently open only five days a week but could increase revenue by opening on Saturdays or Sundays. Many of the recent expenses—such as consulting, construction, and marketing—are one-time, non-recurring costs that would add to a buyer’s net cash flow. To set up a similar pharmacy from scratch, including obtaining Medicare, Medicaid, insurance contracts, licenses, and referral sources, would require at least two years and an investment of $600,000 or more.