Listing ID: 76902
Newly established Retail Pharmacy in the Granada Hills/Chatsworth/Northridge area of Los Angeles County. Established in 2020, conveniently located near 405 and 118 highways on a busy traffic street. At the present time, there is one PharmD/PIC 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 1,300 sf. Good assignable lease plus 5 year options. Over $20K was spent on tenant improvements. Inventory [40K] 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, ANDA 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.
- Asking Price: $230,000
- Cash Flow: $25,000
- Gross Revenue: $200,000
- EBITDA: $25,000
- FF&E: $25,000
- Inventory: $45,000
- Inventory Included: N/A
- Established: 2020
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,250
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Seller Will Train
The business was founded in 2020, making the business 2 years old.
The deal won't include inventory valued at $45,000*, which ins't included in the requested price.
The company has 2 employees and is situated in a building with disclosed square footage of 1,250 sq ft.
The building is leased by the company for $2,750 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons people decide to sell businesses. Nonetheless, the genuine factor and the one they tell you may be 2 absolutely different things. For instance, they may say "I have too many various obligations" or "I am retiring". For many sellers, these reasons are valid. However, for some, these might simply be reasons to try to hide the reality of altering demographics, increased competition, current reduction in earnings, or an array of other factors. This is why it is very essential that you not depend totally on a seller's word, however instead, utilize the seller's response in conjunction with your total due diligence. This will repaint a more practical picture of the business's existing scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your offer. Lots of companies take out loans with the purpose of covering points such as inventory, payroll, accounts payable, etc. Bear in mind that occasionally this can mean that earnings margins are too small. Numerous businesses fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also 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 satisfied or may cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area draw in brand-new consumers? Often times, businesses have repeat clients, which form the core of their everyday revenues. Particular aspects such as new competition sprouting up around the area, road building and construction, and also employee turnover can affect repeat customers as well as adversely influence future profits. One essential point to take into consideration is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Clearly, the more people that see the business often, the higher the chance to build a returning customer base. A last idea is the general area demographics. Is the business placed in a largely populated city, or is it situated on the edge of town? How might the local typical house earnings influence future income potential?