Business Description: Owner is forced to sell two (Brooklyn- Listing # 34173 and Queens Listing # 34172) extremely profitable pharmacies due to regulatory issues (lost Medicaid) in newly purchased Queens pharmacy. Two pharmacies can be purchased separately or together for buyer willing to restore the lost privileges with Medicaid, all managed care Medicaid programs, Optum etc. Seller still has active Medicare status, inventory and all licenses to operate a pharmacy and a primary wholesaler. He can only bill Medicare, some Caremark and Express Scripts through marketplace or exchange claims. Owner cannot continue as owner of purchased store as well as his other store and must sell both. Both Pharmacies are located in high traffic, densely populated areas. All customers and pharmacists will return with new ownership. This is an asset sale.
Long Established (20 years) Brooklyn neighborhood pharmacy. Located in an active upper middle class, densely populated, high traffic area. Did 120 plus RXs per day in 2020 (open only 5 days- Monday to Friday) and was run semi-absentee. Some compounding and Certified Immunizer. 2020 gross was $2,628,640 with net profit of $278,000 before add backs. 2019 gross revenue was $ 3,928,000 with owner net profit of $424,000 before add backs. Lost Medicaid license early 2021.Has Micro Merchant POS System. Fully set up. Deliveries. Open full time (only 5 days) for refills, Over the Counter and some new RXs. Two pharmacists and a tech. Great opportunity for new owner with Medicaid accreditation to quickly recover to $3.5m plus in sales. If buyer has another pharmacy, he can use it temporarily to bill claims.
Only serious pharmacy buyers willing to move quickly will be considered. Proof of funds and an RX background is required for a meeting with the owner. Contact broker Joseph Stansky for more details.
Asking Price: $450,000.00
Gross Revenue: $2,628,640.00
Owner's Cash Flow: $278,000.00
Down Payment: $450,000.00
For more information, contact Vested Business Brokers at 1(877) 7355224.
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Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.
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