Rx Store in the midst of MD, DO, DDS, ER

Ocean County, NJ

Seller Financing Available
Rx Store in the midst of MD, DO, DDS, ER

Asking Price:$350,000

Cash Flow:$160,000

Gross Revenue:$720,000

EBITDA:N/A

FF&E:$80,000

Inventory:$50,000

Real Estate:$350,000*

Established:N/A

*not included in asking price.

Rx Store in the midst of MD, DO, DDS, ER

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Business Description

Brand new Pharmacy recently opened its doors in the Main 1st Floor Lobby of a large, 3-story Office Building. Most of the Tenants within office building are Professionals who have the privilege of writing prescriptions. Tenants are MD’s, DO’s Dentists, Therapist and others who have the right to write a prescription. The Condo that this Pharmacy is located has option to buy. The figures illustrated are PROJECTIONS for the first year of operation. After hours of observation at present Drug Store location, registered Pharmacist who is operator comes up with first year ending gross sales of $720,000 and a daily script count of 70, plus other sales to customers, as this is the only operating retail store in huge medical oriented facility. Drug store has all necessary licenses and has applied for and will receive lottery. Located next to counties’ major hospital with 70 ER visits daily, no Rx there. Within ¼ mile there are many care facilities- one a section of 8 with 300 tenants and over 100 other Rx writing professionals. No big chains nearby. This focal point will grow in volume unchallenged for years. Great opportunity for young Rx to own and grow their business. Salary 100K for Rx, 25K for tech. This building is meant for individuals in need of medical care. This is the closest Rx to over 250 Rx writers- does take all insurances. $50,000- inventory included in sale. Other income: Lottery- 10K, 100K pay to owner pharmacist can be added back.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building Sq. Ft.:
N/A
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Brand new Pharmacy Condo located in (Lobby 1st Floor) of an Office Building that contains at least 50 Script Writing tenants, DO, MD, DDS, Therapist and the like. Everything is new, 5 year lease plus options. Hundreds of parking spaces. Utilities/Gas/Electricity and CAM included in rent.
Competition:
No big name Pharmacies nearby. This specific spot is the closest Pharmacy to at least 250 Script Writing Professionals plus many Adult Care facilities plus one sec 8 with 300 tenants.
Growth & Expansion:
As time goes on, business and scripts have to increase. Evening hours can be extended for those patients who have evening appointment with script writer who have evening hours in same building.
Financing:
Owner who flips Rx’s will finance venture to a strong buyer. Financing at least $100,
Support & Training:
2 weeks
Reason for Selling:
Owner, a registered Pharmacist sets up & sells Pharmacies

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Vito Mastromonaco

Business Listed By:
Vito Mastromonaco

Executive Business Brokers

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Larry Bodner

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