Fully Contracted Pharmacy with Extensive Insurance Network and Strong Revenue
Business Overview
This pharmacy, operating since 2018, offers a robust platform for investors and owner-operators interested in a well-integrated retail pharmacy within an urban market. Located in a bustling New York County neighborhood, the business benefits from established contracts with major insurers including Caremark, Express Scripts, Medicare, Medicaid, Optum, and Humana, enabling consistent patient access and diverse reimbursement channels. The approximately 2,000-square-foot facility supports streamlined pharmacy operations in a community characterized by a substantial median household income and a highly educated population. The business achieves impressive annual revenues exceeding $9 million, reflecting strong market demand and operational efficiency in a competitive environment. With leasing arrangements in place and support for owner transition, this pharmacy presents a compelling profile for acquisition. The pharmacy is positioned to leverage its extensive payer network and urban market location for ongoing patient volume and community engagement.
Facilities & Infrastructure
- Approximately 2,000 square feet retail pharmacy space
- Fully contracted with major insurance providers: Caremark, Express Scripts, Medicare, Medicaid, Optum, Humana
- Leased premises with established retail layout suitable for pharmacy operations
Property Highlights
- Wide insurance contracts ensure steady reimbursement and patient access
- Location in a densely populated urban area supports high foot traffic and familiarity
- Leased space offers flexibility without the financial commitment of real estate ownership
Key Business Facts
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Market Insights
Demographics (County)
Economy
Crime & Safety
Growth & Expansion
- Opportunity to expand insurance contracts or partnerships with healthcare providers
- Potential to enhance services or add specialty pharmacy offerings to capture niche markets
Operation & Support
- Includes operational support and training for smooth transition
- Fully licensed pharmacy compliant with regulatory standards
- Leased property with manageable monthly rent commitment
- Owner retiring to pursue other interests
Lifestyle Fit
- Ideal for an experienced owner-operator or investor seeking established pharmacy business
- Owner involvement not specified; inferred moderate oversight due to operational complexity
- Suitable for buyers focusing on healthcare retail with potential for hands-on management
- Well-positioned for operators leveraging payer networks and community reputation
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