Pharmacy - Sundries - Med Equip - Gifts - Post Office
Location Washington,United States
Asking Price Range $500K - $1.0M
Gross Revenues $295000
Net Profit / Cash Flow $120000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1981
Number of Employees 4 - 5
Inventory 288188
Relocatable Not Disclosed
Number of Employees 4 - 5
Real Estate Leased
Training Key employees will most likely stay after transition. The owners will be available for reasonable and extended transitioning periods. If needed, the owner is happy to train a buyer on the compounding procedure and everything needed to know about medical s
Reason for Sale Approaching retirement.
Description This business, located in western Washington, is not only a pharmacy, but also a gift shop and post office. This pharmacy has the feel of a classic corner drugstore and has been serving the community for over 33 years. This business prides itself on friendly customer service and attentiveness to the needs of its customers. Their gift shop stocks many unique items from local companies and has greeting cards and merchandise that can't be found in many stores.
This pharmacy is unique because it is a compounding pharmacy. This means that the pharmacist can combine, mix, or alter ingredients in order to modify a prescription medication that is tailored to the medical needs of an individual. This is especially useful to those sensitive to dosage amounts such as children, animals and those in need of hormone replacement. Unlike many other pharmacies, this cash and carry compounding pharmacy is not based on the amount of scripts per day. One reason is due to the fact they see some prescriptions upward of $100 dollars, another is they don't deal with third-parties. Over 200 doctors practice within a 5 mile radius, so many prescriptions need to be filled and there is plenty of room for growth.
This retail pharmacy has been in business with the same ownership ever since 1981. After years of hard work and loyal customers standing true throughout the years, the owners have decided they would like to retire. This owner-operated business is managed in a hands-on fashion, giving the owners full control over the quality of products and the customer service provided. Out of their total revenue, 31.7% comes from pharmacy drug sales, 49.3% from cards and gifts, 15.5% from medical equipment sales and 3.5% from medical equipment rentals. This company maximizes profitability and reduces stress by not accepting insurance plans. The store is set up to begin filling non-compound prescriptions if a new owner desired to do so. Asking $500k
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