Very Profitable, Well Established Pharmacy For Sale

Description

Very Profitable, Well Established Pharmacy Great opportunity to acquire a retail pharmacy established in 1982, located in the San Fernando Valley of Los Angeles County. The pharmacy is situated within a medical park consisting of multiple medical buildings and more than 25 prescribing physicians. The listing price is 1.59 million dollars plus inventory. The pharmacy accepts most major insurance plans, including Medicare Part D, Medi Cal, Express Scripts, Optum Rx, Cigna, Blue Shield, Blue Cross, Anthem, Molina, Caremark CVS, Humana, and others. It is DEA accredited and benefits from strong in building referrals from surrounding medical practices, including pain management, OBGYN, dermatology, rheumatology, and dental offices. The pharmacy averages approximately 160 to 180 prescriptions per day. PSAO is Align RX. Minimal marketing has been conducted due to absentee ownership, creating strong upside potential through outreach to nearby medical offices, retirement homes, assisted living facilities, RCFE communities, hospices, and home health agencies. Wholesaler is Cardinal Health. Pharmacy software is DigitalRX. The facility is approximately 1,150 square feet, with more than 50,000 dollars invested in tenant improvements. Projected 2024 revenue is approximately 4.5 million dollars, with cash flow estimated between 500,000 and 550,000 dollars, including Pharmacist in Charge salary. The majority of revenue is derived from medical patients, representing over 60 percent of total volume. The current Pharmacist in Charge may remain if needed. The opportunity offers the ability to avoid the time and complexity of starting a new pharmacy and contracting with insurance providers. The pharmacy operates five days per week and includes a strong over the counter retail section contributing to overall cash flow. Lease terms are favorable with extension options available. No compounding services are offered. Seller prefers licensed PharmD buyers. A management agreement may be considered for qualified in state PharmD candidates subject to approval. The seller is willing to provide power of attorney for insurance contracts after close of escrow while the buyer completes re certification, subject to due diligence and background clearance. Books are reported as clean. The business is SBA financeable, with typical down payment requirements of 15 to 20 percent.