Small Town Retail/CompoundingPharmacy Est.100+ Years North Dakota

Devils Lake, ND
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Asking Price:$550,000
Gross Revenue:$2,500,000
Rent:$3,500/Month
Cash Flow:$213,000
Inventory:$145,000
FF&E:$25,000
BUSINESS DESCRIPTION

This Landmark/Long Standing Retail/Compounding Community Pharmacy located Northeastern North Dakota (Ramsey, County) has been servicing the local community for over 100 years.
This small-town pharmacy has all the necessary licenses in place (North Dakota Board of Pharmacy and DEA) and accepts most all the major insurance plans (PBM Contracts) including CVS Caremark, Express Scripts, Optum RX, Cigna, Humana Etc. plus Medicare and Medicaid and are active and in good standing. This pharmacy offers compounding (non- sterile minimal), immunizations, OTC vitamins, gift cards, unit dose packaging for assisted living facilities, and free delivery. The Pharmacy is located in a stand-alone building on a corner lot on one of the busiest roads in the town. This building was a former bank that was remodeled into
a pharmacy complete with a drive thru pickup window and is available for
sale or lease at fair market value. The Pharmacy is currently filling 3200 +/- Scripts per month (over 38,000 per year) and growing!The buyer must be a pharmacist to own a pharmacy in North Dakota and must own at least 51% of the company. As long as the buyer is a Pharmacist, he/she can have partners.


DETAILED INFORMATION
Location
Devils Lake, ND
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
3,000
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Free Standing Building
Reason for Selling
Other Business Interests
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Jim King