Retail Pharmacy in Lake Tahoe Established in 1952. All major PBMs
| Asking Price: | $275,500 |
| Gross Revenue: | $989,652 |
| Rent: | $3,000 |
| FF&E: | $25,000 |
| Cash Flow: | $87,650 |
| Inventory: | $110,000 |
| EBITDA: | $87,650 |
| Established Year: | 1952 |
Lake Tahoe is calling you! Rare opportunity to invest in a pharmacy established in 1952! Current owner bought it in 1982. Retail Pharmacy located in the beautiful Lake Tahoe, El Dorado County, far away from the heat zone! Located on well-travelled Lake Tahoe Blvd. The only one independent pharmacy in the area since 1952!
~ 3,000 of retail space, plenty of room for high margin OTC. Current Lease expires in 2024, buyer to negotiate a new lease. Most of major insurances are accepted. Access Health PSAO. Medicare/DEA/Medical, CVS Caremark, Express RX, Optum and many others, all are in good standing, according to the seller. Open 5 days a week. Wholesaler is McKesson. RX Software is Libert Software. Averages 40 scripts a day. Diversified patient base. Consistent Revenue ~ 1M and ~ 85K cash flow, including PIC’s salary. No marketing and advertising have been done. A few Home Care Agencies and Palliative and Hospices, No Compounding. Here are opportunities for a good marketer. PIC will stay during the transition. After temp. license is issued, please bring your own PIC. Over 200K was spent building this pharmacy. We are looking for licensed PharmD’s. Clean books. Inventory is ~120-130K is extra.
Financial Statements, Inventory Count, and any additional information will be gladly presented to qualified buyers during due diligence. Proof of funds is required. 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.
