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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.

Who this page is for. Buyers sourcing off-market pharmacies in Tennessee.

Companies
1,867+

Updated Jun 6, 2026. See your match on a free live map.

1,867+
Companies
Free
For buyers
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What we hold on independent pharmacy in Tennessee

We can map this market. We cannot hand you its contacts.

The owner is named on 15% of the companies we hold here, and named with a way to reach them on 5%. We will not sell you a contact pack this thin. If you want this market worked properly it is a sourcing engagement, and the first step is a conversation.

A sourcing mandate is a fixed fee, scoped on the call, delivered in 10 days, and we build and enrich the shortlist for you. The call decides whether it is worth running.

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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 years in operation where known, 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 and scope how we reach them.

Tennessee's pharmacy market presents a compelling acquisition landscape with 1,867+ 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. 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

Serava maps and scores all 1,867 pharmacies in Tennessee by years in business, fit, and exit signals. The full ranked list and fit scores 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.

Top 6 Tennessee pharmacy targets

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BAPTIST M...

Memphis, Tennessee$5.5M to $8.2M est. revenue
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PARKWEST M...

Knoxville, Tennessee$1.8M to $2.7M est. revenue
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FORT S...

Knoxville, Tennessee$1.5M to $2.3M est. revenue
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Buyer Radar

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See which institutional buyers are actively searching for a business like yours, from 1,793 verified acquirers (383 of them sitting on a fresh fund). Free to search. No listing, no broker.

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ST J...

Memphis, Tennessee$3.3M to $5M est. revenue
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Full ranked list and fit scores unlock from the target-list request above

BAPTIST M...

Germantown, Tennessee$3M to $4.6M est. revenue
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Full ranked list and fit scores unlock from the target-list request above

VANS I...

Martin, Tennessee$4.3M to $6.4M est. revenue
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Unlock all 1,867 pharmacies

Ranked target map, websites, fit-score rationale, and shortlist export. This vertical has no owner-contact layer, so reaching owners is a sourcing engagement rather than an export.

Request the target list from the primary CTA above.

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.

What should I look for when buying a pharmacy?

Key signals for a high-quality pharmacy acquisition include: a long operating history (15+ years in 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 to 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 years in business 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, a long operating history, 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 to 100 on acquisition fit using 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 corporate filings. We filter out chains, nonprofits, and the inactive records we can detect, but some listings may still be inactive or mis-tagged.

Each is scored 0 to 100 on years in business, 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 October 2026.

Other Industries in Tennessee

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

See how many owner-led independent pharmacy businesses in Tennessee match your thesis, free.

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Owner-direct contacts are thin in this market: we hold a named owner and a way to reach them on the same record for 5% of the companies here. Pro here includes 20 owners a month, researched by hand from your own map: the owner's name and the business phone, each with the public page it came from, within 3 business days. An owner we cannot find does not count toward the 20.

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