2-Location Iowa Drug Stores Including Real Estate

  • Listing# : 11586
  • Listed Price : $260,000
  • Total Sales : $1,514,074
  • SIC : 123
  • Down Payment : $234,000
  • Status : Closed
  • Discretionary Earnings : $36,280

Business Type :

Medical Related Biz / Medical Pharmacy

Business Description :

Two-location Eastern Iowa pharmacy and retail store business with 140-year heritage in stable, local trade center communities. This well-established business offers a proud foundation with abundant potential. Currently, the pharmacist owner splits time between the two locations. Prior to an employee pharmicist retiring last year, there were two pharmacists. In addition to the owner, the business operates with two fulltime pharmacy technicians and one other fulltime employee who functions as a retail store clerk. As needed, independent contractor pharmacists fill-in for the owner. The business is heavily geared toward prescription sales and offers retail products such as gifts, cards and other common drug store merchandise. One location is open Saturday morning. Otherwise, the business is not open on weekends. The business is based within Iowa's Creative Corridor and a commutable distance from Iowa City, one of the “10 Best Small to Mid-Sized Cities in the U.S.” according to Livability.com. The Iowa economy is one of the strongest and most stable in the United States with “confidence in the economic climate” according to Iowa Workforce Development.

Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $200,000
    • Incl : Yes
    • Inventory $0
    • Incl : No
    • Liabilities $0
    • Incl :
    • FF&E $90,000
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $0
    • Incl :
    • Total Assets $290,000
    • Incl : Yes

Lender Prequalified: No

Similar Listing :

Medical Related Biz