Listing ID : 2433384
Listed On March 22, 2025 160
Listing Updated March 22, 2025
This well-established independent pharmacy is situated on a highly visible corner of a commercial shopping street within a vibrant commercial and residential neighborhood in Essex County, Massachusetts, approximately 25 miles north of Boston.
Owned and operated by the family’s third generation, the pharmacy has been a trusted community fixture since its founding in 1905. The current owner owns the building, and the business is proud to remain independent, with no intention of selling to a chain currently operating in 2500 SF.
While the pharmacy operates at a lower volume, it holds significant untapped potential. It is the only independent pharmacy in the area, offering ample opportunity for growth in various areas, including service expansion and operational improvements. Currently, the pharmacy does not offer delivery, immunizations, or COVID-19 testing and vaccinations, leaving room for these valuable services to be introduced.
Key Business Details:
Location: Beautiful village in Essex County, MA, with a commercial and residential mix
Ownership: Family-owned, third-generation business
Years in Operation: Opened in 1905
Retail Prescriptions: 16,358 filled from 11/1/2023 to 10/31/2024 (approx. 315 scripts per week)
Gross Sales: $1.45 million (Last Twelve Months)
Cash Flow: P&L cash neutral
Controlled Substances: 9% of total prescriptions
Covid Vaccines: 0% administered
Flu Vaccines: 0% administered
Cash Sales: 6%
Medicaid: <1% of prescriptions
Deliveries: Approximately 3 deliveries per week
Compounding: Not offered
Special Packaging: Not offered
Long-Term Care (LTC): Not serviced
Durable Medical Equipment (DME): Negligible
Operating Hours: Mon-Fri: 8:00am – 6:00pm; Sat: 8:30am – 1:00pm; Sun: Closed
Lease Terms: $2,200/month (building is owned by the current owner)
Opportunities for Growth:
Expanding services such as immunizations, and delivery
Addition of 340B, compounding, specialty
Improving purchasing practices to enhance margins
Extending hours of operation to capture additional business
This pharmacy is a cornerstone of the community, offering a solid foundation for future growth and development under the right ownership.
Contact Listing Owner
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