Profitable Pharmacy in the Newport Beach. All major PBM contracts

Newport Beach, CA
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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
BUSINESS DESCRIPTION

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.


DETAILED INFORMATION
Location
Newport Beach, CA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,000
Lease Expiration
30/03/2026
Employees
4
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Furniture, Fixtures, Equipment, Computer System
Competition
Strong marketer will be very beneficial
Growth & Expansion
Growing and aging population of the South Orange County.
Financing
Cash at the close of escrow
Support & Training
The seller will train and stay as a PIC during the transition.
Reason for Selling
Semi Retiring
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Alex
Levitan
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Alex Levitan