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Business for Sale Summary

Hi Volume Specialty Pharmacy for sale in NY - 33912

Business Type: health/beauty/nutrition supply,healthcare related services,seller financing available,pharmacies
Owner Financing
Hi Volume Specialty Pharmacy for sale in NY
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Financial Information (non-confidential)

General Information
Asking Price $3,000,000 Down Payment $2,250,000
Gross Revenues $14,253,614 Lease Remaining Register Free to View
Owner’s Cash Flow $1,128,765 Number of FT Employees Register Free to View

Financing

$2,250,000 Down and $750,000 over 3yrs @5%

Business Description

Long, well established (19 years) hi volume specialty pharmacy in hi traffic location in middle/upper middle class Staten Island area. One of the few pharmacies to be specialty drugs accredited (3yrs) with ACHC & also accredited with exemplary provider for DME!!!. Average of over 500 scripts per day plus DME scripts. Specialty prescriptions include Hepatitis C, Cardiovascular, Ulcerative Colitis, Osteoporosis, psoriasis, transplants, wound care, gout, diabetic foot sores, etc. Free over night delivery to the 5 boroughs. This beautiful pharmacy offers fully stocked OTC vitamins, cosmetics, health, and personal care items of about $1500 to $2000 per week in sales. Add approx. $100,000 per year in lotto commissions. Average annual sales over the past three years have been over $ 14 million dollars per year. Very profitable top 20 drugs. DME includes diabetic and orthopedic shoes, test strips, wound care, walkers, braces, incontinent supplies, etc. Opportunity to supply more DME items to clients. Assists their pharma partners with marketing and drug trials. Well versed in the regulations for the dispensing of specialty medicines. Closed Sundays which is an opportunity for a new buyer. Seller willing to stay on to assist buyer for up to 6 months. All insurances accepted, Medicare, Medicaid, Integra, third party billing. Caremark and Express scripts, etc. Specialty accreditations. Located near several hospitals facilities and many referring medical practices. Over 1,000 sq. ft plus basement. 5 years with 5-year option. 11 employees (3FT,8PT) including 3 techs and an intern. No audits, all major insurances, and clean licenses. All furniture, fixtures and equipment is included in this business for the qualified buyer to acquire quickly. Reason for sale is the relocation of the seller. Gross sales in Business Profile is the average of gross sales for the past 3 years ($ 14m) including 2020 with owner net cash flow of over $ 1.1m for 2019. We are seeking a serious and financially qualified pharmacist owner operator with at least $2m in liquid funds to cover the asking price down payment plus $300k for the inventory. This must be provided prior to speaking with or meeting with the seller. Please do not speak with anyone when visiting the location. All meetings must be scheduled by the broker. Proof of funds is required. Contact broker Joseph Stansky for more information.

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.