Queens NY Pharmacy | DEA Major PBM Contracts | Turn-Key - 37240

Financing

$299,000 Down and None.

Business Description

Queens NY Pharmacy | DEA Major PBM Contracts | Turn-Key – $299K

Major PBM Contracts • Low Rent • Immediate Growth Potential

This is a rare opportunity to acquire a fully licensed pharmacy in Queens, NY. The store has been open for approximately one year and is fully operational.

Unfortunately, the owner is forced to sell due to a serious health condition affecting the Supervising Pharmacist (SP).

For a qualified buyer, this represents an opportunity to acquire a fully built and licensed pharmacy without the delays and costs associated with opening a new location in New York.

Licenses & Approvals in Place

The pharmacy already holds the key licenses and registrations required to operate, including:

• New York State Board of Pharmacy License
• NPI Number
• DEA Registration
• NCPDP Number

The pharmacy also has several major insurance contracts already active, including:

• CVS Caremark
• Express Scripts
• Humana
• Medicare

Revenue & Current Operations

The pharmacy is currently filling approximately 20 prescriptions per day and sales have been steadily increasing.

Average monthly sales: ~$45,000
Projected annual revenue: ~$540,000

Significant Growth Potential

There is clear upside for a motivated operator.

The previous SP did not hold an immunization license, which prevented the pharmacy from applying for Medicaid participation.

A new owner with an immunization-certified Supervising Pharmacist can:

• Apply for Medicaid approval
• Increase prescription volume beyond 30 scripts per day
• Add vaccination services
• Expand front-end retail sales

These additions could significantly increase revenue and profitability.

Facility & Equipment

This is a fully built, turn-key pharmacy space including:

• Micro Merchant pharmacy system
• POS system
• Computers and phone system
• Furniture, fixtures, and equipment

No build-out or construction is required.

Lease Details

• Size: 600 sq. ft.
• Rent: $3,200/month
• Lease Term: 4 years remaining
• Lease extension available for qualified buyer

This is an excellent rent for a pharmacy location in Queens.

Ideal Buyer

This opportunity is ideal for:

• Pharmacists looking to own their first pharmacy
• Independent pharmacy operators expanding into Queens
• Regional pharmacy groups seeking an additional location
• Buyers looking to avoid the lengthy licensing process

Opening a pharmacy from scratch in New York can take many months and substantial capital. This location allows a buyer to step into an already licensed and operational pharmacy immediately.

Asking Price

$299,000 or best reasonable offer

Buyer Requirements

Serious and financially qualified buyers only.

A minimum of $299,000 in liquid funds is required.
Proof of funds will be requested prior to a buyer-seller conference call or meeting.

Confidential Inquiry

All meetings must be scheduled by appointment only.

For more information, contact:

Mel Vaz
631-767-0157
melvaz@vestedbb.com

In addition, please register with the listing number above by going to vestedbb.com, enter this number into the search bar, expand the listing, click on “view free financials”, fill out the short contact form and you are registered. This is our electronic non-disclosure agreement.

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.