Profitable Retail Pharmacy in Large Medical building with over 25 MDs

Sun Valley, CA

Seller Financing Available

listing image
Asking Price:$299,000
Gross Revenue:$1,396,560
Rent:$2,500
FF&E:$20,000
Cash Flow:$56,890
Inventory:$68,950
EBITDA:$56,890
Established Year:2020
BUSINESS DESCRIPTION

Recently established [2020] retail pharmacy is located inside a busy medical building [18 MDs and 7 NPs practices] Arleta/Sun Valley of Los Angeles, near Highway 5.
~ 1,000 sq. ft. of space, a new 5+5 lease will be signed with a qualified buyer. Most of the major insurances are accepted. PSAO is HealthMark Atlas. 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 1.3 M and increases every year. The projected Revenue for 2024 is 1.4-1.5M

The Pharmacy is located in a well-established residential/commercial area of Arleta/Sun Valley, with a few medical and veterinarian clinics in the area. 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 an Enterprise RX. Averages 100 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 ~60K-70K, 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 60K for improvements. Mostly Medicare patients.

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
Sun Valley, CA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,000
Lease Expiration
23/10/2030
Employees
4
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Large Medical Building with over 25 MDs and NPs
Competition
Great potential to market to MDs in the building and adjacent area, deliver medications, etc.
Financing
Negotiable with large downpayment and RE collateral
Support & Training
Current PIC may stay, well trained employees
Reason for Selling
Other business interest.
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Alex
Levitan
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Alex Levitan