Closed Door Specialty Pharmacy specializing in servicing hospice patients at home & in assisted living facilities throughout Miami-Dade & Broward Counties. Prescriptions are received electronically, processed in real time through special third party insurance, and delivered daily by three contracted drivers, generating positive delivery margins. The pharmacy focuses on dispensing generics, resulting in strong and growing profitability—gross margins improved from 51% to 70.5%. The business is operated by two long-tenured technicians and a pharmacist manager, while the current owner is mostly absentee. Lease terms are highly favorable at just under $2,100/month. Significant growth opportunities exist by expanding hospice contracts and developing a retail component to serve walk-in patients.

Listed by Suncoast Business Consultants