Established Retail Pharmacy in Philadelphia

Established Retail Pharmacy for Sale – Prime Western Philadelphia Location
Situated at a highly visible corner directly across from a busy hospital and medical center, this well-established retail pharmacy has been serving the community for four years, operating six days a week.
Prime Location: High-traffic area with strong referral potential from nearby medical facilities.
Space & Lease: 1,000 sq. ft. with over three years remaining on the lease, plus renewal options under favorable terms.
Performance: Processes 600+ prescriptions weekly, generating $1.7 million in annual revenue and approximately $155K in net income.
Payer Mix: Around 80% Medicaid; all licenses and third-party agreements are in good standing.
Regulatory Compliance: Successfully passed the most recent Board of Pharmacy inspection (late 2024) with no violations.
Inventory & Expansion Potential: Well-managed inventory valued at $62K (including $60K in pharmacy stock). A newly signed 340B contract presents significant growth opportunities. Additionally, a small percentage of prescriptions are filled for a nearby group home.
Staffing: Current employees are open to remaining with a new owner, ensuring a smooth transition.
Reason for Sale: Owner is refocusing on non-pharmacy business ventures.
Asking Price: $400K plus inventory at cost.
This turnkey opportunity offers strong financials, a strategic location, and significant growth potential in a high-demand market.