Los Angeles Pharmacy

SOLD – Pharmacy on the west side of Los Angeles for sale. Located in a medical building, this store has been in business for 36 years. This pharmacy does retail prescriptions and has loyal customer base. The owner is a pharmacist and employs one full time clerk who is willing to stay on after the sale. The owner is also willing to stay on as a consultant and/or pharmacist (not as the PIC but would work a couple of days a week) which will insure a smooth transition to the buyer.

The owner is ready to retire. The pharmacy is not doing much business filling only 30 prescriptions per week, so the business is a great opportunity for a new pharmacist/owner to take over instead of starting a store from scratch with can take a lot of time and money. Because the pharmacy is located in an affluent area, they do not have Med-i-cal but have all other major insurance contracts. Owner is willing to carry a note on a portion of the sale price.

This is a great opportunity for a pharmacist who wants to own their own business. All insurance
contracts are in place and the license is clean with the Board of Pharmacy and DEA

Listing ID:

ABM-23015314-40

Location:

West Los Angeles, CA

Type of Business:

Pharmacy

Asking Price:

$225,000 (Plus Drug Inventory)

Gross Revenue:

$125,000

Cash Flow:

Inventory:

$15,000

FF&E:

Established:

1986

Employees:

1 FT Clerk

Facilities:

Very nice pharmacy in a medical building. 20 doctors in the building.

Real Estate / Lease Terms:

600 square foot space paying $4,600 a month which includes NNN. Lease is month to month but the new buyer can obtain a long term lease if they desire.

Growth Opportunity:

Potential for a new buyer to come in breathe new life into the pharmacy. No marketing has been done in years.

Competition:

A few independents and chain stores in the area.

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:

Retiring

Broker Contact:

Mark Dobbins – Hayslip & Zost Pharmacy Brokers in partnership with Advanced Business Brokers

Direct: 619-370-9346

Fax: 877-334-0642

Email: Mark@rxbrokerage.com

For more information, fill out the form below:

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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.