Independent Retail Pharmacy In Prime Location

Business Overview:

Healthcare practice ID: 7306
Listing ID: 6301-807959

Presenting a unique opportunity in the heart of Queens, NY, this retail pharmacy for sale boasts numerous advantages for a new buyer. With a forecasted gross revenue of $668,076 for 2024,$405,000 for 2023, and growing at a rate of 10-15 RX claims per day, there's substantial growth potential. The pharmacy's layout includes a gated RX department (20% of space) for security and efficient management, while its spacious 1,700 sqft space offers additional services like lottery, coffee, DMV eye tests, vaccines, and more. The pharmacy is not currently open over the weekend, and there is room to extend hours for increased revenue. Additionally, all contracts are in place, except for OptumRx, which represents an untapped opportunity for expanding the customer base. With a lack of management due to the seller's commitments to other businesses, there's potential for enhanced operations and profitability under new ownership. The pharmacy enjoys a prime retail location within a bustling complex housing multiple healthcare providers, with the added advantage of a forthcoming state-of-the-art dialysis center set to enhance foot traffic and community engagement. The location is surrounded by medical groups and high-rise residential buildings.

Please click on the link below to access the 1-page pharmacy summary document that includes the pharmacy highlights, description, financial information, opportunities for revenue expansion & profit growth.

https://transworldbusiness-my.sharepoint.com/:b:/g/personal/mabdelgowad_tworld_com/EfTajzV0v55Fuz9iZTswSDgBAuXGHS1oxn9S2fJ-x4Jf_A?e=2hZkoq

For more details & to receive the confidential information memorandum (CIM) with more sensitive info, prospective buyers will be required to:

1. Execute an NDA
2. Provide proof of identity unless a face-to-face or video conference occurs prior to receiving confidential information
3. Provide proof of funds

If you have any questions, please feel free to reach out to:

Mohamed Abdelgowad, RPh, CBI
President "M&A Healthcare Group'
Business Intermediary 'Transworld Business Advisors Passaic County'
(201) 716-2569

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Square Units (Foot, Meter): 8,240

Lease Expiration Date: August 30, 2030, 12:00:00 AM

Terms Options: 10

Reason for Selling:

Additional Details:

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