Very Profitable, Well Established Pharmacy For Sale

Description

Retail pharmacy in the San Fernando Valley, Los Angeles County.

The pharmacy was established in 1982 and is located in a medical park with more than 25 prescribing physicians stated.

Price and Financial Information

• Asking price: $1,590,000 plus inventory
• 2024 projected revenue: approximately $4,500,000
• 2024 projected cash flow: approximately $500,000 to $550,000
• Cash flow figure includes Pharmacist in Charge salary stated

The 2024 figures were provided as projections. Current revenue and cash flow were not provided.

Prescription Volume

• Average prescriptions: approximately 160 to 180 per day
• Medical patient volume: more than 60% of total volume stated
• No compounding services

Insurance

• Medicare Part D
• Medi-Cal
• Express Scripts
• Optum Rx
• Cigna
• Blue Shield
• Blue Cross
• Anthem
• Molina
• CVS Caremark
• Humana

Pharmacy Systems

• PSAO: AlignRx
• Wholesaler: Cardinal Health
• Software: DigitalRX
• DEA status: active/accredited stated

Location

Nearby medical offices include pain management, OB-GYN, dermatology, rheumatology and dental practices.

Referrals from surrounding medical offices are stated to be part of the current business.

Facility

• Size: approximately 1,150 sq ft
• Tenant improvements: more than $50,000 stated
• Over-the-counter retail section
• Operating schedule: 5 days per week

Lease extension options are stated to be available.

Staff and Ownership

• Current Pharmacist in Charge may remain stated
• Absentee ownership stated
• Licensed PharmD buyer preferred

A management agreement may be considered for a qualified California PharmD, subject to seller approval.

The seller also states that power of attorney for certain insurance contracts may be available after closing while re-certification is completed. This should be verified during due diligence.

Financing

• SBA financing stated as possible
• Typical down payment: approximately 15% to 20% stated

Other Details

• Established: 1982
• Location: San Fernando Valley, California
• Inventory: additional to asking price
• Employee count: not provided
• Monthly rent: not provided
• Exact lease term: not provided

License, DEA status, insurance contracts, financial figures and financing terms should be confirmed by the buyer.