Retail Pharmacy with Established Medical Referrals and High-Margin Medications
Business Overview
This well-positioned retail pharmacy has served the Central Richmond neighborhood since 1981, benefitting from its proximity to multiple medical offices and a diverse patient base. The pharmacy operates in a vibrant community that supports steady demand for prescriptions and healthcare products, thanks in part to its relationships with numerous prescribers including doctors, nurse practitioners, and physician assistants. Covering most patients through Medicare and medical insurance, the business maintains acceptance of a broad range of payers and benefits from high-value specialty medications contributing to healthy profit margins. The operation runs six days a week with a skilled team including pharmacists, technicians, and delivery personnel. A long-term lease secures the location within a mixed commercial and residential area, offering stability and accessibility. The current owner is willing to train and assist in building local referring partnerships, facilitating a smooth transition. This pharmacy appeals to licensed pharmacists or investors familiar with retail pharmacy management, especially those able to leverage marketing opportunities presented by nearby medical practices.
Facilities & Infrastructure
- 1,200 sq. ft. retail space under a new 5+5 year lease
- Staff includes 1 PIC, 1 floating pharmacist, 2 pharmacy technicians, and 1 driver
- Clean pharmacy license with no compliance violations
- Prescription software system: RX30
- Inventory valued around $225,000 (third-party appraisal at close)
- Operational six days per week with standard retail hours
Property Highlights
- Stable location near multiple medical and veterinary clinics supports consistent patient flow
- Specialty medication sales enhance profitability and customer retention
Key Business Facts
By submitting this form, you agree to our Terms of Use, Privacy Policy, and to receive occasional emails from Drups Investing.
Market Insights
Demographics (County)
Economy
Crime & Safety
Growth & Expansion
- Increasing marketing efforts could capture additional referrals from local medical offices
- Opportunity to expand product offerings or delivery services given strong community ties
Operation & Support
- Seller will provide training and introductions to existing prescriber network
- All necessary pharmacy licenses and permits are in good standing
- Open six days weekly; owner involvement can be tailored
- Leased space with rent of $3,950 per month through 2028
- Owner seeking transition due to retirement
Lifestyle Fit
- Ideal for licensed pharmacist seeking ownership with established systems
- Fits an investor familiar with retail pharmacy businesses
- Moderate management commitment expected, supported by qualified staff
- Potential for hands-on oversight or semi-absentee operation with stable processes
- Well suited for buyer focused on growth via local referral relationships
Similar Listings
AAHA-Accredited Veterinary Practice with Comprehensive Medical Suites
Absentee-Run Occupational Health Clinic in Established Market
In-Home Care Agency with Family-Focused Model and Texas Expansion Ready