Listing ID: 76998
Great opportunity to invest and operate well established retail pharmacy located in the area of Burbank-Glendale, Los Angeles County. 250-300 scripts a day. Established in 2009, located near a few medical offices. Deliveries in adjacent areas. Conveniently located between 5 and 134 Highways near Urgent Care Facility. At the present time, there is one PharmD/PIC and 4 techs running the pharmacy. Steady revenue of ~ 3M, SDE ~ 200K [Including PIC’s salary]. All major insurances are accepted – MediCal, Medicare, Cigna, Express Scripts, Humana, OptumRX and many others. Opportunities for servicing patients requiring controlled meds. Cerner RX Software. The pharmacy is about 1,000 sf. The lease is month-to-month. Get a new lease and stay for another 10 years or relocate if you wish. Over $50K was spent on tenant improvements. Inventory [60-70K] 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 if you wish to stay in the same location. Wholesalers are Anda, Cardinal 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: $598,800
- Cash Flow: $197,850
- Gross Revenue: $2,948,560
- EBITDA: $197,850
- FF&E: $70,000
- Inventory: $60,000
- Inventory Included: N/A
- Established: 2009
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:980
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
Seller will train
Other business venture
The company was started in 2009, making the business 13 years old.
The transaction shall not include inventory valued at $60,000*, which ins't included in the listing price.
The company has 5 employees and is located in a building with disclosed square footage of 980 sq ft.
The property is leased by the business for $3,400 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons people resolve to sell companies. Nonetheless, the genuine reason and the one they tell you may be 2 entirely different things. As an example, they might claim "I have too many various responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these may just be justifications to try to hide the reality of altering demographics, increased competitors, current reduction in revenues, or an array of other reasons. This is why it is extremely vital that you not rely entirely on a vendor's word, however rather, utilize the vendor's answer combined with your general due diligence. This will repaint a much more sensible picture of the business's current scenario.
Existing Debts and Future Obligations
If the current company is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous companies finance loans in order to cover points like supplies, payroll, accounts payable, so on and so forth. Remember that occasionally this can indicate that earnings margins are too tight. Numerous companies fall 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 think about. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that need to be satisfied or may lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location bring in new clients? Most times, operating businesses have repeat consumers, which create the core of their daily revenues. Certain factors such as new competition growing up around the location, road building and construction, and personnel turn over can affect repeat clients and also adversely influence future incomes. One vital thing to think about is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Obviously, the more people that see the business regularly, the higher the possibility to develop a returning customer base. A final idea is the basic area demographics. Is the business located in a densely inhabited city, or is it situated on the outside border of town? How might the neighborhood median household earnings impact future earnings potential?