TAMPA, Florida
| Asking Price |
$575,000 |
Year Established |
2009 |
|
| Annual Revenue |
$1,284,899 |
Reason for Selling |
Please Call |
|
| Annual P/L |
$266,000 |
Attention |
Brian Zoberg |
|
| Annual Cash Flow |
$266,000 |
Listing Number |
1019107 |
|
| # of Employees |
3 |
Business Category |
Retail: Health, Beauty, Nutrition |
|
Business Overview:
Established independent retail pharmacy in a busy West Coast Florida location surrounded by medical clinics and many residential communities. Operating for 17 years, the business has grown organically through word-of-mouth referrals and serves a large Hispanic customer base, with popular OTC and health and beauty products complementing prescription sales. Gross margins are approximately 33%, and daytime hours Monday through Friday, with no nights or weekends, provide an attractive work-life balance. Full DEA license 2-5. Direct third party insurance contracts with CVS/Caremark, Optum, Humana, Express Scripts, Prime Therapeutics, and Florida Medicaid. McKesson is the primary wholesaler, and Health Mart Atlas is the PSAO. Growth opportunities include non-sterile compounding, vaccinations, weight loss management and nutrition counseling, GLP-1 patient support, and other niche opportunities. Targeted local outreach and online marketing could further expand the customer base. Ideal for a first-time pharmacist owner or an established group entering the West Coast of Florida, this cash-flowing business offers an established customer base, operating infrastructure, and existing licenses and insurance contracts without having to go through the lengthy approval and credentialing process.
Property Features and Assets:
<p>Retail pharmacy with ample room to add non-sterile compounding, wellness, nutrition and weightloss counseling. Adjacent space is available as well.<br></p>
Market Competition and Expansion:
<p>Minimal competition from independents in the area. This pharmacy caters to a large Hispanic population and provides OTC /HBC products not sold in other local pharmacies and supermarkets.<br></p><p>Start local and online targeted marketing campaigns. Provide additional services. This is a word of mouth referral business that has grown organicially.<br></p>
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity