Very Profitable Retail Pharmacy in San Francisco, 200 scrpts a day.
Truly unique opportunity to invest in a very profitable Retail Pharmacy located in the Central Richmond area of beautiful San Francisco, a few blocks from the Golden Gate Park. Established in 1981, this pharmacy is located near a few Medical Buildings with over 25 prescribing MDs, NPs, and PAs. The seller is retiring after a very successful and fulfilling career. ~ 1,200 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 Leadernet. 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 6 days a week. 1 PIC, 1 floating pharmacist, 2 techs, and 1 driver. Projected Annual Revenue in 2025 is ~ 5.3M, and Net Cash Flow is ~ 575 K. Well-established relations with Hospices and Home Health Care Agencies. High Revenue and high profit margin are attributed to high-margin medications like Humira, Forteo, Rydapt, Evenity, Abiraterone Acetate, to name a few. The seller will gladly introduce the buyer to local referring prescribers. The Pharmacy is located in a well-established residential/commercial area of Central Richmond, 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 Health, and a few secondaries. RX Software is a RX30. Averages 150-200 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 ~220K, 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.
