Profitable Pharmacy in the Newport Beach. All major PBM contracts
Asking Price: | $255,800 |
Gross Revenue: | $596,520 |
Rent: | $8,565 |
FF&E: | $115,000 |
Cash Flow: | $87,950 |
Inventory: | $125,000 |
EBITDA: | $87,950 |
Established Year: | 2012 |
Welcome to beautiful Newport Beach/Costa Mesa/Irvine of Orange County. Well established Retail Pharmacy [opened in 2012] is located near John Wayne Airport.
~ 2,000 sq. ft. of space, The Lease expires in March of 2026 with options, and the buyer will get a lease assignment. Most of the major insurances are accepted. PSAO is Align. Clean license, no Board violations. Medicare/DEA/Medical, CVS Caremark, Humana, Express RX, Optum, Blue Shield/Cross, and many others, all are in good standing, according to the seller. Open 5 1/2 days a week. 1 PIC, 2 techs, and 1 driver.
The Pharmacy is located in a well-established residential/commercial area, with a few medical and veterinarian clinics in the area. According to the seller, UCI Health Clinic will be opening soon nearby. Strong marketers will be a huge plus, there are multiple medical offices in the area. A wholesaler is the Cardinal and a few secondaries. RX Software is a Digital RX. Averages 65-70 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 ~150K, a 3rd party will appraise the entire inventory at the close of escrow. Lots of OTC stuff brings extra cash flow. It’s a beautifully looking pharmacy, the seller spent over 100K 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. Due to the seller's confidentiality, the general photo is placed here.
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