Business Overview

Great opportunity to invest, operate and provide much needed service to community in a Retail Pharmacy located inside a medical building near large Hospital and Medical Center in the area of Thousand Oaks/Westlake Village/Newbury Park of Ventura County. Established in 1991, conveniently located near 101 and 118 highways in a busy traffic area. Medical Campus has a Surgery Center, wound care and dialysis unit, and many prescribing MDs. Adjacent buildings have many medical clinics as well. 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 100 retail and 3 compounding scripts a day. USP800 certified compounding room for hazardous drugs compounding. Opportunities for servicing patients requiring controlled meds. RX30 software. The pharmacy is about 1,027 sf. Good assignable lease plus 5 year options. Over $30K was spent on tenant improvements. Inventory [~90K] 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 Cardinal 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: $495,500
  • Cash Flow: $289,650
  • Gross Revenue: $1,725,365
  • EBITDA: $289,650
  • FF&E: $35,000
  • Inventory: $90,000
  • Inventory Included: N/A
  • Established: 1991

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,025
  • Lot Size:N/A
  • Total Number of Employees:3
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Seller will train

Purpose For Selling:

Retiring

Additional Info

The venture was established in 1991, making the business 31 years old.
The transaction doesn't include inventory valued at $90,000*, which ins't included in the listing price.

The business has 3 employees and resides in a building with approx. square footage of 1,025 sq ft.
The real estate is leased by the business for $3,500 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons individuals decide to sell companies. Nevertheless, the genuine reason and the one they say to you might be 2 totally different things. For instance, they may state "I have too many various responsibilities" or "I am retiring". For many sellers, these factors stand. But also, for some, these may just be excuses to attempt to hide the reality of altering demographics, increased competitors, recent decrease in profits, or a variety of other reasons. This is why it is very important that you not count absolutely on a seller's word, however rather, utilize the seller's answer in conjunction with your overall due diligence. This will repaint an extra reasonable picture of the business's present circumstance.

Existing Debts and Future Obligations

If the current business is in debt, which many companies are, then you will need to consider this when valuating/preparing your offer. Numerous companies finance loans in order to cover points like inventory, payroll, accounts payable, and so on. Keep in mind that sometimes this can mean that revenue margins are too tight. Lots of businesses fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future obligations to consider. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that should be fulfilled or might result in fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the area draw in new clients? Many times, businesses have repeat consumers, which develop the core of their daily revenues. Certain variables such as new competitors sprouting up around the area, road building, and staff turnover can affect repeat clients and also adversely affect future incomes. One important point to take into consideration is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more people that see the business on a regular basis, the higher the possibility to construct a returning customer base. A final idea is the basic location demographics. Is the business situated in a largely populated city, or is it situated on the edge of town? How might the regional average family income influence future revenue potential?