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Business for Sale Summary

Queens Pharmacy - Absentee - Short Hrs. - 27974

Business Type: best deals!,absentee business,new to market,pharmacies
Queens Pharmacy - Absentee - Short Hrs.
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Financial Information (non-confidential)

General Information
Asking Price $170,000 Down Payment $170,000
Gross Revenues $800,000 Lease Remaining Register Free to View
Owner’s Cash Flow $55,454 Number of FT Employees Register Free to View

Financing

$170,000 Down and Not including inventory of approx. $70K

Business Description

Queens Pharmacy - Absentee - Short Hrs! Located on a Prime Corner, this is an A Plus location right on the Queens/Nassau border. THEY OFFER A 10 YR LEASE AT ONLY $2,500/MTH. This is populated and safe area of Queens. The current owner runs the pharmacy on an absentee basis. He has had the store for 5 years, but is selling due to a severe illness of a family member. This is ideal for an owner/operator. They currently average 40 scripts/day, but that grows daily. THEY ARE ONLY OPEN 6 DAYS/WK (M-F 10-7, SAT. 11am-3pm, Closed SUN). They have a 900 sq. ft space with a full 900 sq. ft basement. They offer a full pharmacy department as well as some general convenience items. THEY HAVE NO LOTTO, ATM, WESTERN UNION, PHONE CARDS, BUS CARDS. These all should be added immediately. In the past 12 months the business grossed approx. $800,000.00 with a Net Income of approx. $55,000.00. We are looking for a serious and qualified business operator or pharmacist with at least $240K in liquid funds (to cover the purchase price and inventory of approx. $70K). If you fit the criteria, please call 1-877-735-5224 for further information.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

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.