60 Year Old Well Established Pharmacy In Downtown Los Angeles Area

Los Angeles, CA (Los Angeles County) (Relocatable)

Seller Financing Available
60 Year Old Well Established Pharmacy In Downtown Los Angeles Area
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Asking Price: $399,800

Cash Flow: $205,350

Gross Revenue: $905,700

EBITDA: N/A

FF&E: $50,000

Inventory: $125,000*

Rent: $5,490 /Month

Established: 1958

*not included in asking price.

60 Year Old Well Established Pharmacy In Downtown Los Angeles Area

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Business Description

Great opportunity to acquire and operate a 60 year old, very well established [opened in late 1950s] Retail Pharmacy situated near Downtown Los Angeles, South Los Angeles/USC/Huntington Park area of Los Angeles County. Conveniently located close to CA- 110 Highway. Loyal patients have been supporting this neighborhood pharmacy for over 60 years. Pharmacy is doing 100-110 prescriptions a day mostly from local pedestrian traffic and nearby medical clinics’ patients. All Major Private Insurances/DEA/ARETE Co-Op. Large front end/OTC brings substantial cash profit in addition to RX business. Opportunities for servicing patients requiring control meds. Wholesaler is McKesson. The pharmacy is about 3,000 sf. No marketing has been done. Annual sale for 2017 is a bit over 900K. Net SDE (Seller’s Discretionary Earnings) around 200K per annum. Excellent lease terms and options. Open 5 days a week. Motivated seller. We are looking for licensed PharmD. Management agreement is possible for qualified buyer.

Call Alex Levitan- Pacific Business Brokers and request an NDA.

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 per Seller please rely on your own due diligence on market conditions and this industry before making any commitment and decision making.

Thank you very much, have a peaceful and productive day!

Detailed Information

Location:
Los Angeles, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,000
Lease Expiration:
9/1/2020
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Support & Training:
Seller Will Train
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(from currently available funds)
 
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Alex Levitan

Business Listed By:
Alex Levitan

Pacific Business Advisors

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Sponsoring Broker:
Fred Mercuro

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