Listing ID: 76844
Welcome to Beautiful Downtown Huntington Beach, Orange County. Adjacent to Westminster, Newport Beach and Irvine. Great opportunity to invest and operate a Retail Pharmacy located inside busy Medical Building with 45-50 prescribing MDs. Surgery Center, Internal Medicine, Ophthalmology Clinic and other medical offices are inside the building. Established in 2020, conveniently located near 405 highway in a busy traffic area. At the present time, there is one PharmD/PIC and one tech running the pharmacy. All major insurances are accepted. Medical, Medicare, Cigna, Express Scripts, Humana, OptumRX, Caremark and many others. Open 5 days a week. Business is marginal. Opportunities for servicing patients requiring controlled meds. Digital Business Solution software. The pharmacy is about 800 sf. Good assignable lease plus 5 year options. Over $30K was spent on tenant improvements. Inventory [~80K] is NOT included in price. Save time and headache opening new Retail Pharmacy and applying for all insurances. 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 Amerisource Bergen and a few small wholesalers. 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: $188,880
- Cash Flow: $40,235
- Gross Revenue: $352,685
- EBITDA: $40,235
- FF&E: $31,265
- Inventory: $79,560
- Inventory Included: N/A
- Established: 2020
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:753
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Seller will train
The business was started in 2020, making the business 2 years old.
The sale doesn't include inventory valued at $79,560*, which ins't included in the requested price.
The business has 2 employees and resides in a building with approx. square footage of 753 sq ft.
The property is leased by the business for $2,520 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons people choose to sell companies. Nevertheless, the genuine reason and the one they tell you might be 2 totally different things. As an example, they may claim "I have way too many other commitments" or "I am retiring". For numerous sellers, these factors stand. But, for some, these might simply be reasons to try to conceal the reality of changing demographics, increased competitors, current reduction in incomes, or a range of other factors. This is why it is very crucial that you not count absolutely on a seller's word, yet instead, use the vendor's solution combined with your general due diligence. This will paint an extra practical picture of the business's existing scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your deal. Numerous companies borrow money with the purpose of covering items like supplies, payroll, accounts payable, so on and so forth. Remember that occasionally this can imply that earnings margins are too tight. Many organisations come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to consider. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with vendors that should be fulfilled or might result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location attract brand-new clients? Most times, operating businesses have repeat consumers, which create the core of their day-to-day earnings. Specific factors such as brand-new competitors sprouting up around the location, roadway building and construction, and also staff turnover can influence repeat consumers as well as adversely affect future incomes. One essential thing to take into consideration is the placement of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more individuals that see the business regularly, the better the chance to develop a returning client base. A last idea is the general area demographics. Is the business placed in a largely populated city, or is it situated on the outside border of town? How might the regional median family earnings influence future income potential?