Listing ID: 76953
Great opportunity to invest and operate Retail Pharmacy that started serving local community since 2000. Conveniently located on one of major street of West Hollywood. The Pharmacy is located inside a free standing building. At the present time, there is one PharmD/PIC and one tech and one driver operate a pharmacy. All major insurances are accepted. Averages 120-130 scripts a day. Plenty of space for non-sterile compounding equipment. Medicare/Medi-Cal/Cigna, Express Scripts, CVS/Caremark, OptumRX and many others. Opportunities for servicing patients requiring controlled meds. Cerner Etreby Software. The pharmacy is about 1,300sf. Currently sellers pay month-to-month. Buyers can relocate within LA County if they want. 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. Primary wholesalers are McKesson. Medical building is in close proximity. Management Agreement is possible for qualified buyer. Open 6 days a week. Large Public Parking is across the street. 90% regular customers, 10% walk-in. 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: $439,800
- Cash Flow: $225,650
- Gross Revenue: $2,256,985
- EBITDA: $225,650
- FF&E: $25,000
- Inventory: $40,000
- Inventory Included: N/A
- Established: 2000
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,300
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
Seller Will train
The company was founded in 2000, making the business 22 years old.
The sale doesn't include inventory valued at $40,000*, which ins't included in the suggested price.
The business has 3 employees and is located in a building with estimated square footage of 1,300 sq ft.
The real estate is leased by the business for $5,750 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why people choose to sell operating businesses. However, the genuine reason and the one they say to you may be 2 completely different things. As an example, they may say "I have way too many other obligations" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these may just be excuses to attempt to hide the reality of changing demographics, increased competition, recent reduction in profits, or a variety of other reasons. This is why it is extremely crucial that you not count entirely on a vendor's word, however rather, make use of the vendor's solution in conjunction with your general due diligence. This will repaint a much more practical picture of the business's existing situation.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your offer. Numerous businesses borrow money in order to cover points such as inventory, payroll, accounts payable, etc. Keep in mind that sometimes this can suggest that profit margins are too thin. Numerous businesses fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future commitments to think about. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that have to be met or might lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area draw in new clients? Many times, companies have repeat clients, which form the core of their day-to-day earnings. Specific elements such as new competitors sprouting up around the location, roadway construction, as well as staff turn over can impact repeat clients and also adversely impact future profits. One important point to take into consideration is the area of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more people that see the business on a regular basis, the better the chance to build a returning customer base. A last idea is the general area demographics. Is the business situated in a densely populated city, or is it located on the edge of town? Just how might the regional mean family earnings impact future income potential?