Los Angeles area Pharmacy for Sale
Retail Pharmacy in Los Angeles for sale. Located in a strip mall in the San Fernando Valley, this store has been in business for 24 years. The high volume store is a profitable, consistent business is doing $5,500,000 in annual sales and filling 1,900 weekly scripts. Owner Discretionary Income is $200,000 and the business is run semi-absentee by the owner. The owner is a pharmacist, but employs a “Pharmacist in Charge” who runs the day to day. The owner is willing to stay on as a consultant and/or pharmacist which will insure a smooth transition to the buyer. An owner operator pharmacist will make $350,000 a year if they become the pharmacist in charge.
This well run pharmacy will did $5,500,000 in sales in 2022 and script count is 1,900 a week of all retail scripts and 70% of these are delivered. The majority of the delivery started during the pandemic and most customers just decided to keep going with delivery for convenience. 35% of the business is good margin fee for service Med-i-cal.
This is a great opportunity for a pharmacist who wants to own their own business. All insurance contracts are in place and you can grow the business. Could add a minute clinic to increase business.
Listing ID:
ABM-23015312-40
Location:
San Fernando Valley, Los Angeles
Type of Business:
Pharmacy
Asking Price:
$1,100,000
(Plus Drug Inventory)
Gross Revenue:
$5,500,000
Cash Flow:
$200,000
Inventory:
$200,000
FF&E:
All Furniture, Fixtures and Equipment is included in the sale.
Established:
1998
Employees:
2 FT Pharmacists, 2 FT Techs/2 PT Techs, 2 FT Drivers
Facilities:
Nicely Built out Retail Pharmacy in a small retail strip mall
Real Estate / Lease Terms:
900 square foot space paying only $2,900 a month which includes NNN. Lease expires in June of 2023 and owner has a five year option. New owner can get additional options.
Growth Opportunity:
Potential for a new buyer who wants add a minute clinic or Long Term Care
Competition:
A few independent pharmacies in the area, and only a couple of chain stores. The high delivery model and long-time patient base make it so the other pharmacies in the area are not really competition.
Support & Training:
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.
Reason for Selling:
Seller wants to spend more time with family and retire.
Broker Contact:
Mark Dobbins – Hayslip & Zost Pharmacy Brokers in partnership with Advanced Business Brokers
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The broker has made no investigation of the above information, prospective buyers must accept all due diligence responsibility. Above information is subject to change and/or correction and should not be considered binding.
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