Profitable Retail Pharmacy Near Medical Clinic In Corona
Well-established [2011] retail pharmacy is located near a medical clinicin Riverside/Corona of Riverside County, near 91 Highway.
~ 900 sq. ft. of space, a new 5+5 lease will be signed with a qualified buyer. Most of the major insurances are accepted. Medicare D, Medical is covering most of the patients. PSAO is the Leadernet [Cardinal].
Clean license, no Board violations. According to the seller, Medicare/DEA/Medical, CVS Caremark, Humana, Express RX, Optum, Blue Shield/Cross, and many others are all in good standing. Open 5 days a week. 1 PIC, 4 techs, 1 clerk, and 1 driver.
Annual Revenue in 2024 is ~ 9M. Projected Revenue for 2025 is 13M. 70% MediCal, 25% Medicare, 5% Private/Cash. The Pharmacy is located in a well-established residential/commercial area of Riverside, with a few medical and veterinarian clinics in the area. A strong marketer will be a huge plus, there are multiple medical offices in the area. A wholesaler is Cardinal and a few secondaries. RX Software is a Prime RX.
Averages over 300 retail scripts a day. Diversified patient base. PIC may stay during the transition, and, possibly, part-time after the acquisition is finalized, open to negotiation.
We are looking for licensed PharmD’s OR investors who know the retail pharmacy business. Clean books, no Board violation, no litigation [per seller]. Inventory is ~350, a 3rd party will appraise the entire inventory at the close of escrow. Lots of OTC stuff brings extra cash flow.
Financial Statements, Inventory Count, and any additional information will be gladly presented to qualified buyers during due diligence. Proof of funds is required. All of the above information is per the Seller. Please rely on your due diligence on market conditions and this industry before making any commitments or decisions. **To ptrotect sellers' confidentiality, a general pharmacy photo is used in this advertising.
