UNDER LOI – South Los Angeles County Pharmacy for Sale

UNDER LOI – Pharmacy in the south eastern part of Los Angeles County for sale.  Located inside a community health clinic, this store has been in business for 29 years. This pharmacy does retail prescriptions only and serves the local community The owner is a non-pharmacist and the business employs 3 rotating staff pharmacists, 2 Part Time Techs and 1 Part Time Clerk/Driver as 25% of the business is delivery. Incredibly low rent at only $1,700 a month.

The business profits about $75,000 a year even after paying staff pharmacists to run it, so a pharmacist/owner who took over and worked at the store would make close to $200,000 a year. The pharmacy did $900,000 in sales in 2022 and is growing and on pace to do $1,200,000 in 2023. The pharmacy fills about 350 scripts a week. Lots of high margin medications and cash patients so this pharmacy is more profitable than others with similar volume.

The new Med-i-cal reimbursements have increased profitability at this store as 75% of the business is Med-i-cal. This is a great opportunity for a pharmacist who wants to own their own store without taking all the risk of starting one up from scratch. About 60% of the pharmacy’s business comes from the clinic so there is a lot of potential to market to the surrounding community.

This is a nice opportunity for a pharmacist/owner to walk into a $200,000+ job, or for an absentee owner to make some nice passive income since the PIC is already in place and the
business is profitable.

All insurance contracts are in place and the license is clean with the Board of Pharmacy and DEA. The pharmacy does not full CII’s and CIII-CV are less than 10% of the business.

Listing ID:

ABM-2311533740

Location:

SE Los Angeles County

Type of Business:

Pharmacy

Asking Price:

$395,000 (Plus drug inventory)

Gross Revenue:

$1,200,000

Cash Flow:

$100,000

Inventory:

$75,000

FF&E:

Included

Established:

1994

Employees:

3 Rotating pharmacists, 2 PT Techs, 1 PT Clerk/Driver

Facilities:

Small pharmacy located inside a community health clinic.

Real Estate / Lease Terms:

350 square foot space paying $1,700 a month which includes NNN.
Lease terms are 2 years left with a 3 year option (this can be renegotiated with the
landlord)

Growth Opportunity:

Potential for a new buyer to come in market the pharmacy more aggressively to the local community as most the business comes from the clinic.

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. PIC is also likely to stay if the new owner would want
that.

Reason for Selling:

Other business ventures.

Broker Contact:

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

Direct: 619-370-9346

Fax: 877-334-0642

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.