Dear PharmD's, welcome to Paradise! Excellent Opportunity to invest in successful, mid size retail Pharmacy and Gift Shop located in San Luis Obispo area, San Luis Obispo County. Many medical practices in the neighborhood. Established in 1970. Seller is retiring.
This 6,000 s.f. Pharmacy is located in heavily populated area by the Pacific Coast and surrounded by parks and State reserves. Loyal clientele, well known in the community, all major insurances are accepted, Medicare and Medical certified. 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, books, souvenirs, etc.
A front-end sale alone brings $450,000 of gross revenue a year. Excellent Cash Flow. A gross sale is around 3.1M and discretionary earnings (with add-backs, including Pharmacist's salary) are around $430K. 120-140 prescriptions a day, some compounding. Excellent lease terms and options. Open 6 days a week 9 till 6 pm, Saturday 10-5 pm. This Pharmacy services a few Assisted Living Facilities, Hospices and Home Health Care agencies. 2 Full time techs and 1 office clerk. Deliveries. No hood, only non-sterile compounding. Member of PCCA.
Motivated seller. 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 and contact Alex Levitan at 818-640-8080.