Listing ID: 76988
Great opportunity to invest and operate this well established retail pharmacy located in the beautiful area of Beverly Hills/Pico-Robertson/Century City, Los Angeles County. Established in 1988, located in the very busy traffic area in a shopping plaza. Conveniently located between the 10 and 405 Highways. Averages 350 scripts a day. At the present time, there is one PharmD/PIC, 3 techs and 2 clerks 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. Cerner Etreby RX Software. Growing revenue year after year. Clinic providing Immunization, Travel Clinic, personal consultation is inside the pharmacy. The pharmacy is about 2,000 sqf. The lease is long term plus options. Over $150K was spent on tenant improvements, shelves, cabinetry, computer system, security, etc [included]. Inventory [200,000 to be appraised] is not included in price. PIC may stay if needed for a reasonable amount of time. Not much marketing has yet been done. Currently working with two Hospices. Great opportunity to reach out to local RCFEs, LTCs and Assisted Living Facilities, etc. Excellent lease terms and options. A wholesaler is Cardinal. Open 6 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: $3,995,000
- Cash Flow: $1,780,625
- Gross Revenue: $7,551,771
- EBITDA: $1,780,625
- FF&E: $100,000
- Inventory: $200,000
- Inventory Included: N/A
- Established: 1988
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,000
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
Seller will train
The business was founded in 1988, making the business 34 years old.
The deal doesn't include inventory valued at $200,000*, which ins't included in the asking price.
The company has 6 employees and is situated in a building with approx. square footage of 2,000 sq ft.
The real estate is leased by the business for $11,450 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals choose to sell operating businesses. Nonetheless, the real reason vs the one they tell you may be 2 absolutely different things. For instance, they might state "I have a lot of various obligations" or "I am retiring". For many sellers, these reasons stand. But also, for some, these may simply be justifications to attempt to hide the reality of transforming demographics, increased competitors, recent reduction in earnings, or an array of other factors. This is why it is extremely vital that you not rely absolutely on a seller's word, yet rather, make use of the vendor's response combined with your total due diligence. This will paint a much more realistic picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your offer. Numerous operating businesses borrow money so as to cover things such as stock, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can mean that earnings margins are too thin. Many organisations fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future obligations to consider. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that have to be satisfied or might lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location draw in new consumers? Many times, businesses have repeat customers, which create the core of their day-to-day revenues. Particular variables such as new competition sprouting up around the area, roadway building and construction, and employee turn over can influence repeat customers and also negatively influence future revenues. One essential point to consider is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more individuals that see the business often, the greater the possibility to construct a returning customer base. A final idea is the general location demographics. Is the business placed in a largely inhabited city, or is it situated on the outskirts of town? How might the regional median home earnings effect future income prospects?