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Business for Sale Summary

Drugstore Assets Sale in Queens, NY - 34172

Business Type: assets only sale,health/beauty/nutrition supply,health/medical/dental practices,healthcare related services,must sell/drastic price reduction!,pharmacies
Drugstore Assets Sale in Queens, NY
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Financial Information (non-confidential)

General Information
Asking Price $390,000 Down Payment $390,000
Gross Revenues $3,467,306 Lease Remaining Register Free to View
Owner’s Cash Flow $396,824 Number of FT Employees Register Free to View


$390,000 Down and

Business Description

Owner is forced to sell two (Brooklyn- # 34173 and Queens - # 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 quickly. Both Pharmacies are located in high traffic,densely populated areas. All customers and pharmacists will return with new ownership. This is an asset sale. This Queens Pharmacy is located in an active Mall. Did 140 plus Rxs per day in 2020 (open only 5 days) and was run absentee. 2020 gross was $3,628,640 with net profit of $ 396,824 of owner profit BEFORE any add backs. Lost Medicaid license early 2021.Has Micro Merchant Prime RX POS System. Fully set up. Deliveries. Due to Medicaid license issue- this pharmacy is now open part time for refills, Over the Counter and some new RXs. Pharmacy tech there 5 years and will stay with new owner. Floating pharmacists. 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.

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.