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May 10, 2019 — Our firm is pleased to present two pharmacies for sale in Maryland:
1. Maryland Pharmacy for Sale:
Asking Price: $1,500,000 plus inventory.
2018 Sales: $4.7M
Rx sales: 97%
Front Sales: 3%
62% of Rx sales are controlled substances. This is due to Orthopedic and neurology practices in the same medical building.
No compounding, DME, 340B, LTC.
Yearly Scripts: 56,000
Current Inventory: $465,000
License: MD - retail
Ins. Contracts: PSAO - Third Party Station, Caremark, ESI, MD Medicaid, others
Location: Medical Building, Suburban area, Low-Med Income neighborhood.
Rent: $6,700/month, 2 years remain on the lease.
No audit or litigation issues.
Seller is an absentee owner and will not stay after the transition. However, all the current staff that runs and manages the business will be staying.
The business was started in 2003.
From 01.01.2019 to 03.31.2019
Total rxs filled: 13016 (9963 new + 3053 refills)
Rx Sales: $960682.25
OTC Sales: $33000.00 approximately
Control percentage: 54% (C2 – C5)
Priority Partners Percentage: 9.03%
2. Maryland Pharmacy for Sale:
Primarily specializes in acne, psoriasis, and other skin diseases.
Yearly Sales: $16 million+
Sales: 99.8% scripts, .2% front end
Mail Order: 26%
Yearly Scripts Filled: 35,000
Current Inventory: $210,000
2018 Tax Return
Gross Receipts: $16,344,230
Interest Expense: $9,800
Tax Expense: $180,000
Ordinary Business Income: $143,790
Jan 1 to April 30, 2019
Total Sales: $5,423,242
Rx Sales: $5,420,229
OTC Sales: $3,012
Scripts Filled: 11,796
Avg. Script Price: $459.50
License - Maryland Retail
PIC - licensed in Maryland and Virginia.
Pharmacy - non-resident licenses in Virginia and Washington DC
Deliveries - 250/wk to individuals
Years remaining on Lease: 2
The area has a growing population, new housing
Business Loans: $168,000
No audit or legal issues.
Reason for selling: Seller has other business in Florida and wants to move there.