Profitable Retail Pharmacy in Bell Gardens, 150 scripts a day, all PBM
Established [2022] retail pharmacy is located in Bell Gardens/Downey/Maywood of Los Angeles County, near 710 Highway. ~ 2,100 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 Align RX. 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, 1 tech, 1 clerk, and 1 driver. Annual Revenue in 2004 is ~ 3.6 M. 65% MediCal, 30% Medicare, 5% Private/Cash. Plenty of space for building a compounding room. The Pharmacy is located in a well-established residential/commercial area of Bell Gardens/Downey, 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 Digital RX. Averages 130 - 150 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 ~180K - 200K, 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. The seller is motivated.
