Business Overview

Great opportunity to invest and operate a Retail Pharmacy located near Downtown Los Angeles in the general area of Huntington Park, South Gate, Vernon, and South Central of Los Angeles County. Established in 1958, conveniently located near 110 and 10 highways in a busy pedestrian traffic area near busy Medical Clinic. 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 200 retail scripts a day. Bust front end with variety of OTC products. Opportunities for servicing patients requiring controlled meds. DigitalRX software. HealthMart PBM. The pharmacy is about 2,027 sf. Good assignable lease plus 5 year options. Over $30K was spent on tenant improvements. Inventory [~150K] 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 McKesson and a few small wholesalers. Open 5 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.

Financial

  • Asking Price: $745,000
  • Cash Flow: $419,653
  • Gross Revenue: $1,856,325
  • EBITDA: $419,653
  • FF&E: $30,000
  • Inventory: $145,695
  • Inventory Included: N/A
  • Established: N/A
Is Support & Training Included:

Seller will train

Purpose For Selling:

Other interests

Additional Info

The transaction shall not include inventory valued at $145,695*, which ins't included in the suggested price.

The building is leased by the company for $7,000 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons why individuals choose to sell businesses. Nevertheless, the genuine factor vs the one they tell you may be 2 entirely different things. As an example, they may say "I have way too many various commitments" or "I am retiring". For many sellers, these factors are valid. But, for some, these might simply be excuses to try to hide the reality of transforming demographics, increased competition, recent decrease in incomes, or a range of various other reasons. This is why it is really vital that you not depend entirely on a seller's word, but instead, utilize the vendor's answer together with your general due diligence. This will paint an extra reasonable image of the business's existing circumstance.

Existing Debts and Future Obligations

If the existing entity is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your deal. Many businesses borrow money with the purpose of covering points such as inventory, payroll, accounts payable, and so on. Bear in mind that sometimes this can imply that profit margins are too thin. Numerous organisations come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future obligations to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that should be met or might result in charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the area bring in brand-new clients? Many times, operating businesses have repeat clients, which form the core of their day-to-day earnings. Specific variables such as brand-new competitors sprouting up around the location, roadway construction, and staff turnover can affect repeat customers and also adversely impact future earnings. One crucial point to think about is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Undoubtedly, the more people that see the business often, the greater the chance to develop a returning client base. A final thought is the general area demographics. Is the business located in a largely populated city, or is it situated on the outside border of town? Just how might the regional median house income influence future revenue prospects?