Retail Pharmacy In Los Angeles County For Sale

Description

Very profitable, well-established retail pharmacy generating 160–180 prescriptions per day.Business overview:Retail pharmacy established in 1982 located in the San Fernando Valley, Los Angeles CountySituated in a medical park with multiple medical buildings and over 25 prescribing physiciansFinancials and operations:Approximately 160–180 prescriptions filled dailyProjected 2024 revenue of approximately $4.5 millionCash flow estimated at $500,000 to $550,000 including PIC salaryMajority of revenue derived from medical patients (over 60 percent)Operates 5 days per weekApproximately 1,150 sq. ft. facility with over $50,000 in tenant improvementsLarge OTC front-end contributing additional cash flowInsurance and systems:Accepts major insurance plans including Medicare Part D, Medi-Cal, Express Scripts, OptumRx, Cigna, Blue Cross/Blue Shield, Anthem, Molina, Caremark/CVS, Humana, and othersDEA accreditedPSAO: AlignRxWholesaler: CardinalSoftware: DigitalRXClean financial records, SBA financeable (15–20 percent down required)Growth potential:Limited marketing currently due to absentee ownershipStrong opportunity to expand through physician offices in the building, retirement homes, medical offices, assisted living facilities, hospices, and home health agenciesStaffing and structure:Established referral base from on-site medical specialists including pain management, OBGYN, dermatology, rheumatology, and dental practicesCurrent PIC may remain if neededManagement agreement possible for qualified in-state PharmD buyer, subject to approvalSeller may provide transitional support and insurance contract assistance post-close, subject to conditionsKey advantages:Established 40+ year operating historyHigh prescription volume with stable medical referral baseStrong insurance coverage networkLow marketing penetration with expansion upsideTurnkey acquisition avoiding new pharmacy setup and credentialing delays