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.
SE Los Angeles County
$395,000 (Plus drug inventory)
3 Rotating pharmacists, 2 PT Techs, 1 PT Clerk/Driver
Small pharmacy located inside a community health clinic.
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
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.
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. PIC is also likely to stay if the new owner would want
Other business ventures.
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