Newark Pharmacy is a high volume, turn key NJ operation featuring 20% year-over-year revenue growth and a delivery-focused model. Strategically located in a medical building with a built-in physician referral pipeline, the business boasts clean business with no pending audits and a Monday - Friday schedule. It offers immediate scalability through retail expansion and Long-Term Care (LTC) services.
Script Overview:
2025: 16,000 Rx ($5.9 mil revenue)
2024: 13,560 Rx ($7.1 mil revenue)
Financial Highlights:
The business is trending sharply upward, 18% increase in prescription volume.
2024 Gross Revenue: $4.9 Million
2025 Projected Revenue: $7.1 Million (Based on current trajectory)
Inventory: ~$300k Estimated at cost (to be finalized at closing)
Operational Strengths:
Staff: 1 SP (pharmacist) and 2 technicians and 2 cashiers.
Hours: Currently operating Monday - Friday (ability to immediately increase revenue by adding weekend hours)
Delivery: Optimized for delivery, allowing for lower overhead compared to traditional high-traffic retail builds.
Technology: Fully integrated pharmacy management system (details provided upon NDA).
Payroll & Employees:
(2) Cashiers are minimum wage
(1) FT SP 90 hours for FT pharmacist - $65/hour
Technicians are OPT status - they are students. 1 tech gets $45,000/year salary. Other tech gets $18/hour.
Rent & Lease Terms:
Occupies a strategic ground-floor unit (Unit 1C) in a well-maintained plaza / medical building.
Rent: $5,098 (Base rent) / month + $2,000 (CAM) / Month
Lease Term: 5 years remaining with a 5-year renewal option.
CAM Inclusions: City tax, utilities (water, PSE&G), ADT security, elevator maintenance, fire safety, and waste removal.
Regulatory & Compliance:
Contracts: All PBM and insurances are active, current, and in good standing.
Audits: No pending audits; clean history with all major payers.
Licensing: Fully compliant with the New Jersey State Board of Pharmacy and DEA.
Stability: The established SP provides continuity for licensing and insurance credentialing during the transition.
Growth Opportunities:
Retail Expansion: The Market Street location has high visibility; active marketing to local foot traffic could significantly boost OTC and walk-in margins.
LTC Contracts: Currently, the pharmacy does zero Long-Term Care business. Adding LTC accounts would provide high-margin, recurring revenue.
Clinical Services: Space and location are ideal for adding immunizations, MTM services, or point-of-care testing.
Expanded Hours: Opening on Saturdays could capture local demand currently being diverted to competitors.
Ad#:2454943
