South San Diego Pharmacy for Sale
Retail Pharmacy in South San Diego for sale. Located in a medical building, this store has been in business for 3 years. The store is highly profitable by dispensing a lot of low cost generics (cost of $4 and selling them for $15-$20) and by doing high profit Covid shots. This store is one of the highest profit margin independents around making nearly $500,000 a year in Owner Discretionary Income. About $150,000 in annual profit comes from the Covid shots. The owner is willing to stay on as a consultant and/or pharmacist which will insure a smooth transition to the buyer.
This well run pharmacy will do $1,100,000 in sales in 2022 Script count is about 300 a week and 20% 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.
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.
Listing ID:
ABM-22125311-40
Location:
South San Diego
Type of Business:
Retail Pharmacy
Asking Price:
$600,000 (plus inventory)
Gross Revenue:
$1,100,000
Cash Flow:
$500,000
Inventory:
$75,000
FF&E:
Included
Established:
2019
Employees:
1 F/T (owner) and 3 P/T
Facilities:
Nicely Built out Retail Pharmacy in a small medical building
Real Estate / Lease Terms:
900 square foot space paying only $1,800 a month which includes NNN.
Lease expires in 2024 and owner has a five year option.
Growth Opportunity:
Big Potential for a new buyer who knows how to market a retail pharmacy
Competition:
No independent pharmacies in the immediate area, and only a couple of chain stores a few miles away.
Financing:
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 owns another pharmacy that he wants to focus on. Owner is looking for qualified buyer to grow the business that he started.
Broker Contact:
Mark Dobbins – Hayslip & Zost Pharmacy Brokers in partnership with Advanced Business Brokers
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.
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