Business Overview:
This opportunity is based on 3 Businesses. There is a Prescription Services Co., a
Stand-alone Pharmacy, and a Property Management Co.,
The Prescription Services Co.individually packages medicines for patient needs. They put the medicines in a packet format that contains all the medicine a patient needs for different times of the day. A patient may have medicines that they take two or three times a day and different meds at each time. This makes it so all meds are together for each of the times they need them to be taken.
This Service is used by memory care facilities, rehabilitation facilities, group homes, independent living facilities, home health care, senior centers, private corporations, church groups, adult day care, halfway houses, intermediate care facilities, centers for the mentally impaired, Hospice, assisted living facilities, and other forms of congregate living arrangements.
The Pharmacy is a complete full service pharmacy. The encompass full prescription needs including Covid Shots, Flu Shots, medicines, medical equipment, homeopathic remedies, vitamins, and over-the-counter needs, etc.
The Property Management Co. is set up to oversee the properties that are involved with the properties the three businesses are on as well as a building with rented out offices.
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Property Features and Assets:
This is a great property in a very high traffic area. There is plenty of parking and convenient access. The property is just over one acre and consists of two buildings. Each building has just less than 5,000 (4,996) square feet. They contain a total of five suites for lease.
The front building consists of two suites: One is 3,345 square feet and is occupied by the pharmacy, which pays $70,998 per year.The other s 1,645 square feet and is being leased for $29,700 per year.
The back building has 3 Suites: One is 1,295 square feet and is being rented for $39,762 per year. One is being held for additional expansion of the prescription services company. The other Suite is 2,072 square feet and is being leased at a rate of $33,151 per year.
Market Competition and Expansion:
Competition:
There are some pharmacies in the area, but none are established like this one. The prescription service has no similar competition in the area
Growth & Expansion:
The Pharmacy should continue to have solid growth and the Prescription Services should have tremendous growth by setting up additional senior facilities.
Reason for Selling:
Owner Retiring
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
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