Profitable Retail Pharmacy in Escondido, 150 RX daily, PBM Contracts
Asking Price: | $359,950 |
Gross Revenue: | $2,521,653 |
Rent: | $4,300/Month |
FF&E: | $40,000 |
Cash Flow: | $185,652 |
Inventory: | $150,000 |
EBITDA: | $185,652 |
Established Year: | 2013 |
Well-established [2013] retail pharmacy located inside a "Class A" busy medical building [15 [practices] in Escondido, San Diego County, 20-25 min away from Carlsbad, La Costa, and other beautiful beach communities.
~ 1,100 sq. ft. of space, The Lease expired and the landlord can’t wait to negotiate and give you a long lease if you wish. Or feel free to relocate closer to the beach. 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 days a week. 1 PIC, 1 tech, and 1 driver. Annual Revenue is over 2.5 M and increases every year.
The Pharmacy is located in a well-established residential/commercial area of Escondido, with a few medical and veterinarian clinics in the area. The seller states that a new residential building with 420 units [1,500 residents] will be opened soon in the very close proximity, adding many potential patients. A strong marketer will be a huge plus, there are multiple medical offices in the area. A wholesaler is McKesson and a few secondaries. RX Software is a Digital RX. Averages 125 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 seller's requested confidentiality. a photo of another pharmacy is posted in this ad.
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