Hawaiian Islands Pharmacy

Hawaii
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Asking Price:$400,000
Gross Revenue:$1,188,476
Rent:$1,700
Cash Flow:$200,000
Inventory:$75,000
Established Year:2004
BUSINESS DESCRIPTION

Pharmacy for sale in beautiful Hawaii! This rural community pharmacy fills about 400 prescriptions per week and did $1,200,000 in sales in 2023 with Owner Discretionary Income of $200,000. If you have ever dreamed of owning your own pharmacy in paradise, this is your chance!

This store has serviced the community for 35 years and the current owner has owned it for the past 20 years. Almost all retail prescriptions with 5-10 compounds a week mainly for a local veterinarian, and just 5 deliveries a week. OTC business $4,000 a month and could be increased with more merchandise and options. The pharmacy has a unique rural designation which allows it to receive a better reimbursement from the insurance contracts, increasing the gross and net profit of the pharmacy.
Rent is $1,700 a month for the 1,500 sq ft store. The owner of the pharmacy also owns the
building. So the purchase of the business could also include a “first right of refusal” to
purchase the real estate in the future. Seller is willing to “seller finance” part of the transaction.

All insurance contracts are in place and the license is clean with the Board of Pharmacy and DEA.

We are looking for a registered pharmacist to buy this pharmacy.


DETAILED INFORMATION
Location
Hawaii
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,500
Employees
4
Facilities
1,500 square foot space paying $1,700 a month which includes NNN. The pharmacy owner owns the building and will give a long term lease with the buyer of the pharmacy and is also open to selling the building to the new owner in the future.
Competition
1 chain store 25 miles away, so virtually no competition.
Growth & Expansion
Opportunity to grow the compounding business, OTC, increased delivery and add Long Term Care.
Financing
Seller is open to discussing seller financing.
Support & Training
Seller will provide training to help the buyer take over providing a smooth transition while learning the business and its operating activities, gaining and understanding of the customers and vendor partners, and building a working relationship with the employees. Owner may be willing to work 1-2 days a week for the new buyer but does not want to continue to be the PI
Reason for Selling
Seller is looking to retire.
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Mark Dobbins
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Mark Dobbins