Established Community Pharmacy

Business Overview:

Established Community Pharmacy in Prime Passaic County Location

Priced to sell - Price does not include inventory - Estimated Inventory cost $45,000

Presenting a well-established pharmacy in Passaic County, NJ, this 20+ year old pharmacy offers an exceptional opportunity for a new owner. Situated at a beautiful corner location on a high foot traffic avenue, this pharmacy has built an outstanding reputation as an old-school mom & pop store that everyone in the area knows and trusts. The current owner, who has recently sold the building, is now looking to sell the business as he prepares for retirement. The pharmacy operates from a 1,600 square feet main floor with a sizable basement that can be used as an office or storage. New lease will be drafted for buyer.

The pharmacy dispenses approximately 55 prescriptions daily, with 1,539 prescriptions in April and 1,408 in May, and has all insurance contracts in place. The pharmacy recently had a positive board of pharmacy inspection. This pharmacy operates with full compliance to all industry standards and regulations, ensuring a trustworthy and reliable service for its customers.

With gross revenue of $1.7M in 2023 and $660,000 year-to-date, this business is priced to sell, considering the expected transition of key employees to another pharmacy owned by the retiring owner's son, located a mile away.

This pharmacy is ideal for a buyer looking to expand into New Jersey or specifically into Passaic County. The new owner must be ready with staff to continue operations, taking advantage of the pharmacy's strong community presence and high foot traffic location. There is a part time pharmacist that is willing to stay with buyer. This is a prime opportunity to build upon the solid foundation and excellent reputation established over the past several decades.

For more details & 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'

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