Listing ID: 76866
Welcome to Beautiful Downtown Pasadena. Great opportunity to invest and operate a Retail Pharmacy located in the general area of Pasadena/Altadena of Los Angeles County. Established in 2018, conveniently located near 210 highway in a busy pedestrian traffic area. At the present time, there is one PharmD/PIC, one tech and one clerk running the pharmacy. All major insurances are accepted. Medical, Medicare, Cigna, Express Scripts, Humana, OptumRX and many others. Averages 500 retail scripts a month. Spacious front end with variety of OTC products. Opportunities for servicing patients requiring controlled meds. LibertyRX software. The pharmacy is about 1,000 sf. Good assignable lease plus 5 year options. Over $50K was spent on tenant improvements. Inventory [~50K] is NOT included in price. Annual Revenue is ~ 600K and cash flow for working Owner/PIC is about 150K+. 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 McKesson 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: $240,000
- Cash Flow: $151,893
- Gross Revenue: $602,365
- EBITDA: $151,893
- FF&E: $25,000
- Inventory: $56,985
- Inventory Included: N/A
- Established: 2018
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,000
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Seller Will Train
The business was started in 2018, making the business 4 years old.
The deal shall not include inventory valued at $56,985*, which ins't included in the suggested price.
The company has 2 employees and resides in a building with estimated square footage of 1,000 sq ft.
The property is leased by the company for $2,160 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals decide to sell companies. Nonetheless, the genuine reason and the one they say to you may be 2 completely different things. As an example, they might claim "I have too many other commitments" or "I am retiring". For numerous sellers, these reasons are valid. However, for some, these might just be justifications to try to hide the reality of changing demographics, increased competitors, current decrease in profits, or a range of other reasons. This is why it is really essential that you not depend entirely on a vendor's word, but instead, utilize the vendor's solution along with your general due diligence. This will paint a much more sensible image of the business's current scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your offer. Many businesses borrow money with the purpose of covering things like inventory, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can mean that earnings margins are too small. Lots of organisations come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future commitments to consider. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that need to be satisfied or may lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area draw in brand-new customers? Often times, businesses have repeat clients, which form the core of their daily revenues. Specific aspects such as new competition sprouting up around the location, roadway construction, and employee turnover can impact repeat consumers and also negatively impact future incomes. One essential point to take into consideration is the placement of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Obviously, the more people that see the business regularly, the better the chance to construct a returning consumer base. A final idea is the general location demographics. Is the business situated in a largely populated city, or is it located on the edge of town? Exactly how might the regional mean house earnings effect future earnings potential?