40+ Year Established, 7Mil Revenue Independent Pharmacy | Illinois
Business Description
Opportunity to acquire a long-established independent retail pharmacy in Illinois that has operated within the same shopping center for approximately 40 years, with nearly two decades in its current space. The business continues to demonstrate strong performance, delivering meaningful year-over-year revenue growth and maintaining clean standing across all major insurance contracts.
Ownership is motivated due to retirement and a desire to transition away from day-to-day pharmacy coverage responsibilities. This opportunity is best suited for an experienced pharmacy operator capable of running an established operation independently.
Business Highlights
Long-standing Illinois pharmacy with ~40 years of continuous operation
Strong recent revenue performance with year-over-year growth
Clean insurance and compliance standing
Located in a well-trafficked Illinois shopping center
Favorable occupancy costs relative to size
Motivated sellers seeking a clean transition
Ideal for an experienced buyer (no hand-holding required)
Business Overview
Independent retail pharmacy
Approx. 3,600 SF footprint
Shopping center location (Illinois)
Ownership: Husband & wife
Actively marketed following prior buyer non-performance window
Financial Snapshot (Seller Reported)
Annual revenue approximately $7.0M+
Inventory negotiated separately
Operations
Historically owner-supervised with professional staff in place
Recent staffing coverage issues increased owner involvement
Front-end includes OTC and medical equipment (not a convenience-store model)
Staffing
Approximately 14 total employees
Historically operated with full pharmacist coverage
Current staffing adjustments underway
Lease Overview
Monthly rent approximately $6,000 (CAM included)
Remaining primary term with renewal options
Seller believes tenancy can be extended under options (subject to landlord approval)
Compliance
No pending audits
Only routine desk audits typical for retail pharmacies
Reason for Sale
Owners are preparing for retirement and are seeking to transition the business to a capable operator after increased recent involvement due to staffing disruptions.
Buyer Requirements
NDA required for detailed financials and exact Illinois location
Proof of funds required
Pharmacy ownership or operational experience preferred
Ownership is motivated due to retirement and a desire to transition away from day-to-day pharmacy coverage responsibilities. This opportunity is best suited for an experienced pharmacy operator capable of running an established operation independently.
Business Highlights
Long-standing Illinois pharmacy with ~40 years of continuous operation
Strong recent revenue performance with year-over-year growth
Clean insurance and compliance standing
Located in a well-trafficked Illinois shopping center
Favorable occupancy costs relative to size
Motivated sellers seeking a clean transition
Ideal for an experienced buyer (no hand-holding required)
Business Overview
Independent retail pharmacy
Approx. 3,600 SF footprint
Shopping center location (Illinois)
Ownership: Husband & wife
Actively marketed following prior buyer non-performance window
Financial Snapshot (Seller Reported)
Annual revenue approximately $7.0M+
Inventory negotiated separately
Operations
Historically owner-supervised with professional staff in place
Recent staffing coverage issues increased owner involvement
Front-end includes OTC and medical equipment (not a convenience-store model)
Staffing
Approximately 14 total employees
Historically operated with full pharmacist coverage
Current staffing adjustments underway
Lease Overview
Monthly rent approximately $6,000 (CAM included)
Remaining primary term with renewal options
Seller believes tenancy can be extended under options (subject to landlord approval)
Compliance
No pending audits
Only routine desk audits typical for retail pharmacies
Reason for Sale
Owners are preparing for retirement and are seeking to transition the business to a capable operator after increased recent involvement due to staffing disruptions.
Buyer Requirements
NDA required for detailed financials and exact Illinois location
Proof of funds required
Pharmacy ownership or operational experience preferred
About the Business
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 3,600
- Rent
- $6,000.00 per month
Listing Info
- ID
- 2461600
- Listing Views
Listing ID: 2461600 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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