Newly Established Retail Pharmacy located in a med. building

Burbank, CA
listing image
Asking Price:$230,500
Established Year:2023
ASSET SALES DESCRIPTION

Recently established Retail Pharmacy is located in one of the largest medical centers of Burbank, Los Angeles County, California. Located near 134/101 highways, not far from the Burbank airport.

~ 1,400 sq. ft. of space, Lease expires in 2027 with options, buyer will get a lease assignment. Most of the major insurances are accepted. PSAO is Elevate. Clean license, no Board violations. Medicare/DEA/Medical, CVS Caremark, Humana, Express RX, Blue Shield/Cross, and many others, all are in good standing, according to the seller. Open 6 days a week. Located in a well-established residential/commercial area. Strong marketers will be a huge plus, there are multiple medical buildings and medical offices in the area. A wholesaler is the ABC a few secondaries. RX Software is a Digital RX. Averages 30-35 retail scripts a day. Diversified patient base. PIC may stay during the transition. After temp. license is issued, please bring your PIC or make an offer she/he can’t refuse. We are looking for licensed PharmD’s. Clean books. Inventory is ~10-15K. Lots of OTC stuff brings extra cash flow. There are 25-30 prescribing doctors in the medical building. It’s a beautifully looking pharmacy, the seller spent over 120K for improvements.

Financial Statements, Inventory Count, and any additional information will be gladly presented to qualified buyers during due diligence. Proof of funds is required. The seller is motivated. All of the above information per Seller please rely on your own due diligence on market conditions and this industry before making any commitment and decision making.


DETAILED INFORMATION
Location
Burbank, CA
Facilities
One of the largest medical centers in the Burbank area
Financing
Cash at close of escrow
Support & Training
Seller will train and, if needed, will stay as i PIC during the transition.
Reason for Selling
Other business plans
Report an Issue with this listing
profile-img
Alex
Levitan
logo-img
Alex Levitan