Well established [2021] Retail Pharmacy located in the commercial/residential area of Chino Hills, Los Angeles County. Located inside a medical building, surrounded by multiple medical buildings. Currently, one PharmD/PIC is running the pharmacy.
All major insurance plans are accepted. Medical, Cigna, Express Scripts, Optum, CVS/Caremark [application pending], Elixir, Med-Impact, Humana, and many others. Cardinal and McKesson are the wholesalers. RX Software is Digital RX. The pharmacy is about 1,100 sf. The lease expires in 6/2027 and has options to renew. The lease is assignable to a new qualified buyer. Over $50K was spent on tenant improvements. The prescription count is steady at 90-120. Annual Revenue is ~1.5M per year. Servicing 4 ADHCs. Growing San Bernardino County.
Save time and headaches when opening a new Retail Pharmacy and applying for all insurance. The business is marginal; consider it as an asset sale. PIC may stay if needed for a reasonable amount of time. NO marketing has yet been done.
Great opportunity to reach out to local RCFEs, SNFs, LTCs, and Assisted Living Facilities, etc. Excellent lease terms and options. Open 5 days a week. All licenses and insurance contracts are in good standing. Busy traffic area, one of the major intersections in Chino Hills.
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 is per the Seller; please rely on your own due diligence on market conditions and this industry before making any commitment and decision making.
