Status: Off The Market
The company is a Central Michigan-based operation located in three separate cities. The company has been handling the pharmaceutical needs of these local communities since 1985, 1998 and 2004 respectively. The real estate is owned by the owner and can be purchased separately or leased.
Two of the locations have liquor, beer and wine licenses. The third location has applied for similar licenses.
Among the company’s customers are local residents, nursing homes and foster care homes. The company specializes in “Delivered on Time” programs to nursing homes and foster care facilities.
The company is a member of PCCA (Professional Compounders of America). One of the locations contains the laboratory to manufacture the medications. This also includes Veterinarian medical needs. The owner believes that a goal of 80 prescriptions per day is achievable. These sales have an average gross margin of 80% as compared to a 20% gross margin on prepackaged medications.
The company prides itself in its attention to detail and complete security solutions with redundant programs to insure against outside communication loss and errors. The stores have state-of-the-art computer, software and telephone servers with backup.
The company is profitable. The owner has entered into a new business venture that has become his core business and he wants to devote 100% of his time to the new venture.
The company employs four full-time techs to implement these programs. The company also employs 25 people with 4 full time pharmacists and 3-4 part time pharmacists.
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|Industry:||Pharmacies & Drug Stores|
|Classification:||United States // Midwest States // Michigan // Other Michigan|
|Sales:||Between $10 Million And $25 Million (10,240,000)|
|Profits:||Between $100 Thousand and $500 Thousand (330,000)|
|Profit Type:||Cash Flow|
|Asking Price:||Not Disclosed|