Very Profitable, Well established Pharmacy, 160-180 scripts per day
Great opportunity to invest in a Retail Pharmacy [opened in 1982] located in San Fernando Valley of Los Angeles County. Located in a Medical Park consisting of a few Medical Buildings with over 25 prescribing MDs. Listed for 1.59M plus inventory. Most of major insurances are accepted, such as Medicare D, Medical, Express Scripts, Optum RX, Cigna, Blue Shield/Blue Cross, Anthem, Molina, Caremark/CVS, Humana, NPI Co-op. DEA accredited. Well established referrals from medical practices located inside the building – Pain Management Clinic, OBGYN, Dermatology, Rheumatologist and a few Dentists. Averages 160-180 scripts a day. PSAO is Align RX. Not much marketing is done [absentee seller], great opportunity to contact buildings' medical offices, local retirement homes, Medical offices, Boarding Cares, RCFEs, Hospices, Home Health Care Agencies, etc. Wholesaler is Cardinal. Software is DigitalRX. The pharmacy is about 1,150 sf. Over 50K was spent on Tenant Improvement. Projected Revenue for 2024 is ~ 4.5M, Cash Flow is around 500K-550K [including PIC salary]. The majority of the pharmacy's revenue comes from Medical patients [over 60%]. Current PIC may stay if needed. Save time and headache opening new Pharmacy and applying for all insurances. Excellent lease terms and options. No Compounding. Opportunities are knocking! Open 5 days a week. Large OTC front end contributes to a healthy cash flow. Good Lease. We are looking for licensed PharmD’s. Management agreement is possible for qualified buyer, pending seller's approval. [In-state PharmD]. Seller agrees to give a Power of Attorney for all his insurance contracts after close of escrow while buyer is being re-certified [upon seller’s due diligence and buyer’s clear background check]. Clean books, SBA financeable. Please note that SBA requires 15-20% down.
