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Target List
Independent Pharmacy by State

1,867+ Pharmacies for sale in TennesseeOff-market acquisition targets

1,867+ acquisition-ready pharmacies mapped in Tennessee. Average owner tenure is 14 years, a strong signal of succession-ready operators.

1,867+
Companies
14 yrs
Avg Tenure
63/100
Avg Fit Score
Free
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Independent Pharmacy data sources

Tennessee pharmacy businesses are sourced from OpenStreetMap records, SBA loan registry data, and state business license filings where available. Each of the 1,867 mapped companies is scored using owner tenure, years in operation, customer review signals, and estimated revenue to produce the Acquisition Fit Score used to rank targets. Request the map, then book a 30-minute target review to rank the top 10, decide who deserves verified contacts first, and tighten owner outreach.

Tennessee's pharmacy market presents a compelling acquisition landscape with 1,547 mapped pharmacy businesses operating across the state. The region benefits from a growing population, expanding healthcare infrastructure, and a business-friendly regulatory environment that has attracted both independent operators and chain expansion. Tennessee's healthcare spending and aging demographics continue to drive steady demand for pharmaceutical services, making the sector resilient across urban and rural markets alike. The typical Tennessee pharmacy owner has demonstrated substantial staying power, with an average tenure of 12 years that signals strong operational maturity and succession readiness. This tenure metric indicates a population of established, profitable businesses where founders are increasingly open to exit opportunities. For acquirers seeking bolt-on acquisitions or platform consolidation, Tennessee's combination of market size, owner experience, and demonstrated business longevity creates an attractive opportunity to acquire operationally sound pharmacies with established customer relationships and proven management practices.

Ownership intelligence
89%
Owner-operators named
1,288
Succession-stage (15+ yrs)
14 yrs
Median owner tenure

Serava has matched a registered owner-operator — the named decision-maker behind the business — to 1,662 of 1,867 pharmacies in Tennessee and flagged 1,288 as succession-stage (owner in place 15+ years). Sourced from public business registries and provider directories, cross-referenced and deduplicated against operating businesses. The named owners and their contact signals unlock inside your deal map.

Tennessee's 1,867 mapped pharmacy targets span 3 cities. The top three markets, Knoxville (125), Murfreesboro (44), Franklin (42), represent 11% of the total. Average owner tenure of 14 years signals a mature market with a high proportion of succession-ready operators.

Top 6 Tennessee pharmacy targets

Contact info locked

Preview of the export format. Target names and contact signals are released in the buyer export; the market figures on this page are measured.

Redacted Independent Pharmacy target 1

Knoxville, Tennessee
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Redacted Independent Pharmacy target 2

Murfreesboro, Tennessee
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Redacted Independent Pharmacy target 3

Franklin, Tennessee
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Redacted Independent Pharmacy target 4

Knoxville, Tennessee
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Contact details unlock from the target-list request above

Redacted Independent Pharmacy target 5

Murfreesboro, Tennessee
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Contact details unlock from the target-list request above

Redacted Independent Pharmacy target 6

Franklin, Tennessee
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Unlock all 1,867 pharmacies

Ranked target map, available contact signals, websites, fit-score rationale, shortlist export, and outreach angles. Free for qualified buyers.

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Frequently Asked Questions

How many pharmacies are for sale in Tennessee?

Serava.AI has mapped 1,867 acquisition-ready pharmacies in Tennessee. The largest concentrations are in Knoxville (125), Murfreesboro (44), Franklin (42). These are active, operating businesses with a minimum of 5 years in business, scored for owner exit readiness and financial profile. Not all are actively listed for sale: the majority are off-market targets that have not yet engaged a broker.

What is the typical revenue of a pharmacy in Tennessee?

Revenue for pharmacies in Tennessee varies by size, but most SMB-scale targets in our database fall in the $1M to $15M annual revenue range. Serava.AI provides revenue estimates benchmarked from payroll data, OSM business data, and SBA loan records. Average owner tenure in this market is 14 years, signaling a high concentration of succession-ready operators.

What should I look for when buying a pharmacy?

Key signals for a high-quality pharmacy acquisition include: long owner tenure (15+ years operating the same business), stable recurring or repeat revenue, strong online ratings (4.0+ with 20+ reviews), an established local customer base, and a skilled technical workforce. Serava.AI's Acquisition Fit Score (0-100) weighs all of these factors and benchmarks each company against your specific buyer criteria.

How do I find off-market pharmacies in Tennessee?

Many pharmacy business acquisitions start with off-market research before an owner runs a brokered process. Serava.AI maps pharmacy companies in Tennessee using tenure signals, business age, and local market data, then helps qualified buyers prioritize outreach with available contact-signal coverage.

What is the typical asking price for a pharmacy in Tennessee?

pharmacies in Tennessee typically trade at 3x to 6x EBITDA, depending on revenue concentration, customer contracts, and owner dependency. A business with $2M revenue and 12% EBITDA margins ($240k EBITDA) would price between $720k and $1.44M. Businesses with recurring contracts, long owner tenure, and clean books command higher multiples.

Which cities in Tennessee have the most pharmacies available for acquisition?

The top pharmacy acquisition markets in Tennessee by company volume are: Knoxville (125 companies), Murfreesboro (44 companies), Franklin (42 companies). Knoxville leads the state with 125 mapped pharmacy operators. Serava.AI ranks targets within each city by acquisition fit score, so buyers can focus on the highest-signal companies in their target markets.

Top cities for pharmacy acquisitions in Tennessee

Knoxville125 companiesMurfreesboro44 companiesFranklin42 companies

About this data

Serava.AI maps pharmacy acquisition targets in Tennessee from OpenStreetMap records, Companies House (UK), SBA loan registry data, and state business license filings. The 1,867 mapped companies are each scored 0-100 on acquisition fit using owner tenure (average 14 years in this market), years in business, customer review ratings, and estimated revenue. Scores above 80 represent high-priority outreach targets with strong succession signals. Data is refreshed regularly via our automated scraping pipeline.

Top Cities in Tennessee

Knoxville125Murfreesboro44Franklin42

Province Guides

How to buy a pharmacyPharmacy for sale in Arizona checklistSearch fund deal sourcing guide

Independent Pharmacy in Other Regions

California479,643Texas156,392Florida142,000New York118,000Illinois86,000Pennsylvania79,000

How this data is sourced

Serava maps 1,867 independent pharmacy businesses in Tennessee from public registries, licensing boards, and proprietary owner contact enrichment, with an average owner tenure near 14 years. Every company is real and operating, not a broker listing.

Each is scored 0 to 100 on owner tenure, succession signals, and contact reachability, so the result is a ranked set of owner-led targets that are not posted on any marketplace.

Built and maintained by Serava, founder Sadra Khorvash. Last updated September 2026.

Other Industries in Tennessee

Dental Practices357,000HVAC312,000Plumbing246,000Electrical238,000Auto Repair235,000
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Independent Pharmacy acquisition targets in Tennessee

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