Listing ID: 76928
Great opportunity to invest and operate well established retail pharmacy located in the area of Encino, Tarzana of Los Angeles County. Established in 2016, located inside busy Medical Building. Conveniently located near 101 Highway. At the present time, there is one PharmD/PIC 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. RX30 software. Averages 30 scripts a day, no compounding. The pharmacy is about 1 000 sf. The lease expires in April 2022. Relocatable if needed. Get a new lease and stay for another 10 years or relocate if you wish. Over $30K was spent on tenant improvements. Inventory [45-50K] is NOT included in price. Average Revenue is ~600K, SDE is ~120K. 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: $249,500
- Cash Flow: $85,000
- Gross Revenue: $600,000
- EBITDA: $85,000
- FF&E: $25,000
- Inventory: $35,000
- Inventory Included: N/A
- Established: 2016
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,000
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
Seller Will Train
Other Business Plans
The company was started in 2016, making the business 6 years old.
The deal shall not include inventory valued at $35,000*, which ins't included in the asking price.
The business has 1 employees and is located in a building with approx. square footage of 1,000 sq ft.
The real estate is leased by the business for $5,300 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons people choose to sell companies. Nonetheless, the true reason vs the one they say to you may be 2 absolutely different things. For instance, they may say "I have too many various commitments" or "I am retiring". For many sellers, these factors are valid. However, for some, these might just be justifications to try to conceal the reality of changing demographics, increased competition, recent decrease in incomes, or a variety of other reasons. This is why it is really vital that you not count absolutely on a seller's word, however instead, make use of the seller's response in conjunction with your general due diligence. This will paint a more realistic picture of the business's present scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your offer. Numerous businesses finance loans in order to cover things such as supplies, payroll, accounts payable, and so on. Remember that occasionally this can imply that earnings margins are too small. Many companies fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future commitments to consider. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that need to be satisfied or might cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location draw in new consumers? Most times, companies have repeat customers, which create the core of their day-to-day profits. Particular variables such as new competitors growing up around the location, roadway building and construction, and also employee turn over can impact repeat consumers and also adversely influence future profits. One essential point to think about is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more individuals that see the business on a regular basis, the higher the chance to construct a returning client base. A last idea is the basic area demographics. Is the business located in a densely populated city, or is it situated on the outside border of town? Just how might the neighborhood average house earnings effect future revenue prospects?