Independent Retail Pharmacy in Prime Location

Healthcare practice ID: 7306
Listing ID: 6301-807959

This is a retail independent pharmacy in a great location. Established in 2021 & started operations in 2022. Currently at 10 prescriptions/day.

The pharmacy's layout includes a gated RX department (20% of space) for security and efficient management, while its spacious 1,700 sqft space offers additional services like lottery, coffee, DMV eye tests, vaccines, and more.

The pharmacy is not currently open over the weekend, and there is room to extend hours for increased revenue.

With a lack of management due to the seller's commitments to other businesses, there's potential for enhanced operations and profitability under new ownership. The pharmacy enjoys a prime retail location within a bustling complex housing multiple healthcare providers, with the added advantage of a forthcoming state-of-the-art dialysis center set to enhance foot traffic and community engagement. The location is surrounded by medical groups and high-rise residential buildings.

Insurance Contracts:
- PSAO was terminated in 2023 due to pharmacy not meeting ordering threshold
- ESI active
- CVS Caremark (pharmacy is currently under audit)
- Optum: Never submitted requested documents when submitting initial application
- Medicare 855B: Active
- NY Medicaid: Active

Software: PrimeRx

If you have any questions, please feel free to reach out to:

Mohamed Abdelgowad, RPh, CBI
President "M&A Healthcare Group'
Business Intermediary 'Transworld Business Advisors Passaic County'
(201) 716-2569