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Business for Sale Summary

Pharmacy for Sale in New Jersey - 36628

Business Type: health/beauty/nutrition supply,healthcare related services,medical/surgical/hospital equipment & supplies,misc. retail/non-classifiable,other personal services,owner financing available,pharmacies
Pharmacy for Sale in New Jersey
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Financial Information (non-confidential)

General Information
Asking Price $1,250,000 Down Payment $750,000
Gross Revenues $5,200,000 Lease Remaining Register Free to View
Owner’s Cash Flow $310,000 Number of FT Employees Register Free to View

Financing

$750,000 Down and $500k for 24 months @ 6.5%

Business Description

This well-established 35-year-old neighborhood pharmacy located in Essex County, New Jersey offers comprehensive prescription drug services for people and pets and a full range of OTC medicines, DME supplies and equipment, cosmetics, gift items, school and office supplies and so much more. And home delivery. The prescription business generates $3.1 million, and the various other items add a robust $2.1 million annually in added sales. The pharmacy is open 60 hours per week, Monday through Friday 8:30am to 7pm, Saturday 9am to 5pm and is closed Sundays. The Seller devotes 40 hours per week primarily filling scripts The pharmacy trades on its 35-year reputation; however, a new owner can significantly reduce the costs of goods and further grow the business by approaching the nearby hospital and nursing homes and assisted living facilities in the area. The business is SBA financeable and Seller financing are available for a qualified buyer. All meetings must be scheduled by appointment only! To learn more, please contact Gerald Nimberg at 646-269-4616.

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Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.