Profitable Pharmacy in Long Beach, California

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

Seller Financing Available
Profitable Pharmacy in Long Beach, California
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Asking Price: $795,888

Cash Flow: $400,385

Gross Revenue: $880,850

EBITDA: N/A

FF&E: $50,000

Inventory: N/A

Rent: $3,500 /Month

Established: 2017

Profitable Pharmacy in Long Beach, California

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Business Description

Great opportunity to invest and operate recently established pharmacy [2017] located in Long Beach, Los Angeles County near LB Convention Center and Aquarium of the Pacific. At the present time, there is 1 PharmD/PIC, 1 tech, 1 clerk and 1 driver. All major insurances are accepted. Pharmacy is doing 40-50 prescription a day, including compounding and specialty medications with high profit margin. Medicare/Medi-Cal/Cigna, Express Scripts, CVS/Caremark, Optum/DEA/ARETE Co-Op. Opportunities for servicing patients requiring controlled meds. Enterprise Software. The pharmacy is about 1,100 sf. Over $50K was spent on tenant improvements and pharmacy equipment. Inventory of about 100K is not included in price. For last few years this pharmacy was grossing 1.6M and netting around 400K. Save time and headache opening new [Sterile, Non Sterile/Retail Compounding Pharmacy and applying for all insurances. PIC may stay if needed for a reasonable amount of time. NO marketing has yet been done. Great opportunity to reach out to local RCFEs, LTCs and Assisted Living Facilities, etc. Excellent lease terms and options. Wholesalers are McKesson. Open 5 days a week. Motivated seller may consider management agreement with qualified buyer. All licenses and insurance contracts are in good standing.

Call Alex Levitan- Pacific Business Brokers (818)640-8080, 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.

Detailed Information

Location:
Long Beach, CA
Real Estate:
Leased
Building SF:
1,100
Lease Expiration:
7/14/2023
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
For Qualified buyer
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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