Well Known Profitable Drug Store For Sale
Location New York,United States
Asking Price Range $2.5M - $5.0M
Gross Revenues $7052061
Net Profit / Cash Flow $663584
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1960
Number of Employees 10 - 19
Inventory 258000
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Description This LANDMARK Profitable Drug Store in New York City is for sale. Very rarely is such a well known 50 YEAR OLD Pharmacy available for acquisition. They have been servicing their affluent neighborhood for GENERATIONS. They service their customers the OLD FASHION way by providing excellent service, deliveries, and house charge accounts WITHOUT the usual pharmacy long hours. They close before 8pm, have short weekend hours and are closed on most holidays. They are currently filling approximately 275 to 300 prescriptions per day without any marketing. They have an EXCELLENT location which leans itself to sell many other items including unique gifts. A younger more aggressive owner will be able to increase BOTH the volume of prescriptions as well as the store s front merchandise. They currently are NOT doing any advertising or marketing and instead rely on their reputation and busy AAA location. Depending upon the requirements of the buyer, the current owner is willing to remain working at the store with the new owner for a reasonable period of time to insure a smooth transition. Please refer to listing number 9069 when inquiring about this opportunity.
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