SOLD – Pharmacy in the mid-Wilshire/Koreatown area of Los Angeles for sale. Located in a medical building, this store has been in business for 15 years. This pharmacy does retail prescriptions and has a loyal customer base. The owner is a pharmacist and employs one full time clerk and two part time clerks. The owner is also willing to stay on as a consultant and/or part time pharmacist working 1-2 days a week after the sale(not as the PIC but would work a couple of days a week) which will insure a smooth transition to the buyer.
The owner has built a very profitable business and is ready to retire from the day to day or running the business. The pharmacy did $5.45M in sales in 2022 with Owner Discretionary Income of $625,000. 2023 is on pace to do similar sales and about 5%-10% more in profit.
Patient base is largely Korean. The employees speak Korean, so the new owner would not need to, but it would help.
This is a great opportunity for a pharmacist who wants to buy a highly profitable pharmacy. All insurance contracts are in place and the license is clean with the Board of Pharmacy and DEA.
ABM-23115366-40
Mid-Wilshire/Koreatown, Los Angeles, California
Pharmacy
$1,800,000 (Plus Inventory)
$5,600,000
$675,000
$300,000
Included
2008
1 FT Clerk, 2 PT
Very nice pharmacy in a medical building with plenty of parking. 15 doctors
in the building.
1,800 square foot space paying $5,200 a month which includes NNN.
Lease terms are 5 years with a 5 year option.
Potential for a new buyer to come in market the pharmacy more
aggressively. The store only delivers 10-20 prescriptions per week so this could be an
area to grow the business.
A few independents and chain stores in the area.
Seller will provide training to help the buyer take over providing a
smooth transition while learning the business and its operating activities, gaining and
understanding of the customers and vendor partners, and building a working
relationship with the employees. Seller is also willing to work as a relief pharmacist 1-2
days a week but does not want to stay on as the PIC.
Owner is retiring.
Mark Dobbins – Hayslip & Zost Pharmacy Brokers in partnership with Advanced Business Brokers
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A lifelong resident of Fort Wayne, Indiana, Dr. Mark Hagar brings decades of hands-on experience in small business ownership, acquisitions, and turnarounds to his role as a business broker. Over his distinguished career, he has acquired and operated more than 20 companies and engineered over 50 successful turnarounds, giving him a uniquely practical understanding of what makes businesses succeed, and sell. His portfolio spans manufacturing, distribution, and service firms in industries including printing, education, military contracting, aerospace, and orthopedics. This diverse background enables him to identify value, anticipate buyer needs, and structure complex deals with confidence and precision.
Mark holds a Doctorate in Business Administration (DBA) from Cranfield University’s School of Management in Bedford, England—one of Europe’s leading business schools. His research on small business resilience and operational excellence has been recognized by the Small Business Institute (SBI), the United States Association for Small Business and Entrepreneurship (USASBE), and the International Council for Small Business (ICSB).
In addition to his business career, Dr. Hagar has served as a member of faculty at several institutions of higher education, including Holy Cross College (Notre Dame), Trine University, and the University of Saint Francis. He also hosted Your Business Matters, a small business–focused radio show and podcast for more than a decade and is the author of Small Fortunes – the Acquisition Entrepreneur’s Guide to Buying a Profitable Small Business.
A passionate advocate for entrepreneurs, Mark previously chaired the Indiana Leadership Council for the National Federation of Independent Business (NFIB), representing small business owners before state and federal legislators. He currently serves as President of the Allen County, Indiana Economic Development
Commission.
As a broker, Mark specializes in industrial, manufacturing, and distribution firms, with particular expertise in special situations, distressed assets, and complex transitions where experience, creativity and discretion are central to success.
