Listing ID: 77012
Great opportunity to invest and operate newly established retail/compounding pharmacy located in the area of Pasadena/San Marino, San Gabriel, Alhambra, Los Angeles County. Established in 2015, located near busy San Gabriel Valley Hospital/San Gabriel Valley Medical center. Conveniently located between 210 and 10 Highways. At the present time, there are two PharmD/PIC running the pharmacy. All major insurances are accepted [No MediCal]. Medicare,Cigna, Express Scripts, Humana, OptumRX and many others. Opportunities for servicing patients requiring controlled meds. Digital RX. The pharmacy is about 700 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 [2-3K] is 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. Wholesalers are Anda, Medisca and other small wholesalers. Open 5 days a week. All licenses and insurance contracts are in good standing. Compounding equipment [10K] and all available compounding formulas are included.
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: $175,000
- Cash Flow: $100
- Gross Revenue: $10,000
- EBITDA: $100
- FF&E: $10,000
- Inventory: $3,000
- Inventory Included: Yes
- Established: 2015
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:700
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
Seller Will Train
The venture was founded in 2015, making the business 7 years old.
The sale will include inventory valued at $3,000, which is included in the listing price.
The business has 1 employees and is situated in a building with estimated square footage of 700 sq ft.
The property is leased by the business for $1,100 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons people resolve to sell businesses. However, the real factor and the one they tell you might be 2 completely different things. As an example, they might state "I have way too many various obligations" or "I am retiring". For many sellers, these factors stand. But, for some, these may just be justifications to attempt to hide the reality of transforming demographics, increased competition, current reduction in profits, or a range of various other reasons. This is why it is very important that you not count completely on a vendor's word, however rather, utilize the vendor's solution together with your overall due diligence. This will paint a more reasonable image of the business's current scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your deal. Numerous businesses finance loans in order to cover points like supplies, payroll, accounts payable, etc. Bear in mind that occasionally this can mean that profit margins are too tight. Lots of businesses fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future commitments to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with vendors that must be satisfied or may lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area attract new customers? Many times, companies have repeat customers, which create the core of their day-to-day revenues. Particular variables such as new competition sprouting up around the area, road building and construction, as well as staff turn over can affect repeat consumers and negatively impact future incomes. One essential thing to take into consideration is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Clearly, the more people that see the business often, the better the chance to construct a returning client base. A last thought is the general area demographics. Is the business located in a largely populated city, or is it located on the outside border of town? Just how might the neighborhood median household earnings influence future income potential?