Listing ID: 76796
Well established  and profitable Retail Pharmacy located in the densely populated area of South Gate, Vernon, Lynwood, and Huntington Park of Angeles County. Conveniently located between 5 and 110 Highways. At the present time, there one PharmD/PIC and one tech running the pharmacy. All major insurances are accepted. Medical, Medicare, Cigna, Express Scripts, Humana, OptumRX and many others. Opportunities for servicing patients requiring controlled meds. Digital RX Software. The pharmacy is about 2 500 sf. The lease is month-to-month. Get a new lease and stay for another 10 years or relocate if you wish. Over $30K was spent on tenant improvements. Inventory ~100K] is not included in price, will be appraised before close of escrow. Save time and headache opening new Retail Pharmacy and applying for all insurances. PSAO – CKAPHA. Averages 95-100 scripts a day. Steady Revenue 1.2-1.4M annually. PIC may stay if needed for a reasonable amount of time. NO marketing has yet been done. Great opportunity to reach out to local RCFEs, LTCs and Assisted Living Facilities, etc. Excellent lease terms and options. Wholesalers are Cardinal and a few small wholesalers. Open 6 days a week. All licenses and insurance contracts are in good standing
Call Alex Levitan- Pacific Business Brokers (818)640-8080, and request an NDA.
Financial Statements, Inventory Count, and any additional information will be gladly presented to qualified buyers during due diligence. Proof of funds is required. Seller is motivated. All of the above information per Seller please rely on your own due diligence on market conditions and this industry before making any commitment and decision making.
- Asking Price: $335,880
- Cash Flow: $153,620
- Gross Revenue: $1,189,960
- EBITDA: $153,620
- FF&E: $30,000
- Inventory: $98,000
- Inventory Included: N/A
- Established: 2004
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,500
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Seller will train
The venture was founded in 2004, making the business 18 years old.
The sale won't include inventory valued at $98,000*, which ins't included in the suggested price.
The business has 2 employees and is located in a building with approx. square footage of 2,500 sq ft.
The property is leased by the company for $6,700 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons people decide to sell operating businesses. However, the real reason vs the one they say to you may be 2 completely different things. As an example, they may state "I have too many various obligations" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these might simply be justifications to try to hide the reality of changing demographics, increased competitors, recent decrease in incomes, or an array of various other factors. This is why it is very crucial that you not depend absolutely on a seller's word, yet rather, make use of the seller's answer in conjunction with your total due diligence. This will paint a more realistic picture of the business's existing scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Many businesses finance loans in order to cover items such as inventory, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can imply that earnings margins are too tight. Many businesses come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future commitments to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that must be satisfied or may lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area attract brand-new customers? Most times, businesses have repeat consumers, which develop the core of their daily revenues. Specific factors such as brand-new competition sprouting up around the location, road construction, and personnel turnover can influence repeat consumers as well as adversely impact future profits. One important point to consider is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more people that see the business on a regular basis, the better the chance to construct a returning client base. A last idea is the general area demographics. Is the business situated in a largely populated city, or is it situated on the outside border of town? Exactly how might the regional median household earnings influence future earnings potential?