Listing ID: 76914
VERY. MOTIVATED. SELLER. Seller will give buyer the Power of Attorney to bill his insurances before BOP license transfer! Great opportunity to invest and operate well established retail located in the area of Downey, Huntington Park, and South Gate of Los Angeles County. Established in 2004, located near a few busy medical clinics. Conveniently located between 710 and 110 Highways. At the present time, there is one PharmD/PIC and one tech running the pharmacy. All major insurances are accepted. Medicare/Medical, Cigna, Express Scripts, Humana, OptumRX and many others. Opportunities for servicing patients requiring controlled meds. Digital RX software. Averages 70 scripts a day, no compounding. The pharmacy is about 1 200 sf. The lease is month-to-month. Relocatable if needed. Get a new lease and stay for another 10 years or relocate if you wish. Over $20K was spent on tenant improvements. Inventory [45-50K] 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. Wholesaler is AmerisourceBergen. 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.
- Asking Price: $235,000
- Cash Flow: $120,000
- Gross Revenue: $1,500,000
- EBITDA: $120,000
- FF&E: $325,000
- Inventory: $50,000
- Inventory Included: N/A
- Established: 2004
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,350
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
Adjacent to Medical Clinic
Seller Will Train
The venture was founded in 2004, making the business 18 years old.
The transaction won't include inventory valued at $50,000*, which ins't included in the suggested price.
The company has 3 employees and is located in a building with disclosed square footage of 1,350 sq ft.
The real estate is leased by the business for $4,500 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals decide to sell operating businesses. Nevertheless, the real reason and the one they say to you may be 2 entirely different things. As an example, they might state "I have way too many other commitments" or "I am retiring". For many sellers, these factors are valid. But also, for some, these might simply be justifications to try to hide the reality of altering demographics, increased competitors, recent reduction in profits, or an array of other reasons. This is why it is really vital that you not depend entirely on a vendor's word, yet rather, utilize the seller's answer along with your general due diligence. This will paint a more reasonable image of the business's present circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Many companies take out loans in order to cover points such as supplies, payroll, accounts payable, so on and so forth. Remember that occasionally this can indicate that revenue margins are too tight. Numerous organisations come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future obligations to consider. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that must be fulfilled or might cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area bring in brand-new consumers? Many times, operating businesses have repeat consumers, which develop the core of their day-to-day profits. Particular aspects such as new competitors sprouting up around the area, roadway building, as well as personnel turnover can affect repeat customers as well as adversely influence future earnings. One vital thing to think about is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more people that see the business often, the greater the chance to develop a returning client base. A final idea is the basic area demographics. Is the business placed in a largely populated city, or is it located on the outside border of town? Exactly how might the neighborhood mean household income impact future income prospects?