Pharmacy For Sale
Location California,United States
Asking Price Range $500K - $1.0M
Gross Revenues $1989275
Net Profit / Cash Flow $347950
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1991
Number of Employees 1 - 3
Inventory 150000
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Training 2 weeks at 20 hours per week.
Reason for Sale Retiring.
Description Mid sized Retail Pharmacy for sale due to owners' retirement. Established over 18 years ago, under the same owner for 10 years, located inside Medical Building with 2 medical groups and 3 independent practices. Loyal Clientele, Medical, Medicare, Private Insurances, relationships with over 20 local boarding care, hospices and RCFEs. Open 5 days a week, 1,200 sq. ft, excellent lease plus options. Seller is willing to stay during the transition period and help with financing with substantial down payment to qualified pharmacist.
Pharmacy does around 4,200 prescriptions per month, no compounding, no DME. Revenue consists of 40% Medical, 40% Medicare and 20% Private Insurances. Gross Revenue for 2008 is $1.95M, Net Profit is $310K, Projected Gross for 2009 is 2.1M and net income is $350K Inventory of $100K 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. EMAIL OR CALL ALEX LEVITAN, SUNBELT BROKER AT (818) 640-8080.
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