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Pharmacy for sale in Eastern Washington state. The current owner purchased the pharmacy in 1980 and has owned and operated it very successfully for 36 years. The pharmacy department offers a convenient drive-up window. In addition to the pharmacy and gift departments, this business also has a liquor store, a Subway restaurant, and an authentic old-fashioned soda fountain. Total square footage is 7500 square feet. Two unisex restrooms are available for pharmacy patients and restaurant patrons. The pharmacy benefits from increased foot traffic from the restaurant and also allows people to drop off their prescriptions and go have a sandwich or an ice cream treat while they wait. The authentic old fashioned soda fountain, complete with swivel stools, is one of the few remaining fountains in the entire state.

Lincoln County Pharmacy is a Health Mart Franchise and uses McKesson as their primary wholesaler. The pharmacy fills an average of 75 prescriptions per day based on a 6 day week. The pharmacy is closed on Sundays. Approximately 60% of the prescriptions filled at this pharmacy are filled under a 340B agreement with North Basin Health Services. These prescriptions are filled on a favorable fee-for-service basis. With the 340B program, the Subway restaurant, the liquor store, the soda fountain, and the large gift and card department this pharmacy is very profitable and is not totally reliant on third party insurance reimbursements as a lot of pharmacies are. This diverse revenue stream insures that the business will remain profitable long into the future. This unique combination of relatively low prescription volumes along with multiple revenue sources allows pharmacists at Lincoln County Pharmacy to practice pharmacy to provide highest quality care to patients.

About Lincoln County

Davenport is the county seat of Lincoln County and is a wonderfully close knit community, a great place to own a business, raise a family, and retire. The schools are modern and recently remodeled and class sizes are small. Housing prices are inexpensive compared to larger urban markets. Davenport is located on U.S. Route 2, a major interstate highway and State Routes 25 & 28 also intersect with Highway 2 in Davenport, creating a lot of traffic for a small community. The town is known as “The Gateway to Lake Roosevelt National Recreation Area.” Lake Roosevelt was formed by the backwaters of Grand Coulee Dam and provides over 200 miles of excellent boating and water skiing. The shorelines are all government owned and are available for public use creating one of the few places in the state where you can find a cove of your own to stake out a camp and picnic. Walleye, trout, and kokanee fishing are very popular. Although Davenport itself is located in the middle of one of the largest wheat producing counties in the world, this national recreation area is just 20 miles north of town and is beautifully forested, providing excellent bird and deer hunting. Just 36 miles west of Spokane, WA, Davenport offers the advantages of rural living, while being only one half hour from the beautiful city of Spokane, with a population over 200,000. This city offers excellent shopping and entertainment opportunities. Davenport is home to over 1700 friendly folks who welcome newcomers and tourists alike.

Davenport is the home of North Basin Health Services. This business operates a 25 bed hospital in Davenport and also has clinics in neighboring towns of Reardan and Wilbur. Their offices are located in Davenport and employ 4 full-time family medicine physicians, 4 mid-level practitioners, and one surgeon. The hospital is one of the most progressive rural hospitals in the nation whose administrator has won many national awards. Because of these excellent medical facilities patients from 4 counties come to Davenport for their medical and pharmaceutical care.

Contact: Tom at lincolnphcy@hotmail.com