Excellent Opportunity to invest in successful, mid size retail Pharmacy located in Los Angeles County, San Fernando Valley, Burbank/Glendale/Pasadena area. Many medical practices in the neighborhood. Established in 1988. Seller is retiring. This 1,000 s.f. Pharmacy is located in heavily populated area.
Loyal clientele, well known in the community, all major insurances are accepted, Medicare, Part B, Part D, Medical certified, and DMH accredited. Selling pharmacist will consider continuing working during transition. Very little marketing is done, great opportunities to contract local Boarding Cares, RCFEs, Hospices, etc. Additional front end revenue selling vitamins, health supplements. Excellent Cash Flow.
A gross sale in 2013 is $3.85M and discretionary earnings (with add-backs, including Pharmacist's salary) are around $480K. 250-300 prescriptions a day, no compounding, but there is a plenty of space for the ''clean room''. Inventory value of about $150,000 is NOT INCLUDED in sale. Excellent lease terms and options. Open 5 days a week 9 till 6 pm. 2 Full time techs and 1 office clerk. Deliveries.
Motivated seller. We are looking for California licensed PharmD. SBA pre-approved. Please make sure you have at least 35% down, assuming down payment and working capital. 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. For more information, please email or contact Alex Levitan at 818-640-8080.