Profitable Pharmacy in Palm Springs

Riverside County, CA (Relocatable)

Seller Financing Available
Profitable Pharmacy in Palm Springs
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Asking Price: Get Financing: $275,000

Cash Flow: $175,525

Gross Revenue: $2,795,655

EBITDA: N/A

FF&E: $25,000

Inventory: $50,000*

Lease Rate: $3,200 /Month

Established: 2012

*not included in asking price.

Profitable Pharmacy in Palm Springs

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Business Description

Great opportunity to invest and operate the profitable and well established Retail Pharmacy. The Pharmacy is located in the beautiful business/residential area of Palm Desert surrounded by gorgeous golf courses and a few blocks from large Medical Center. Where else can you live and work in Golfers’ Paradise and make money? Palm Desert’s population is not getting any younger and loyal patients keep this pharmacy busy. At the present time, there are 2 part-time PharmDs [One Owner/PharmD can run the shop] and one clerk, tech, delivery person. All major insurances are accepted. Pharmacy is doing 60-70 prescription a day from local pedestrian traffic and patients of medical offices located in the neighborhood. Medicare/Medi-Cal/Most Private Insurances/DEA/ARETE Co-Op. It’s a Riverside County so Medicate/CVS/Caremark Moratoriums do not apply. Average for last few years is 2.7-3M. Opportunities for servicing patients requiring controlled meds. PioneerRX Software. The pharmacy is about 1,150 sf. Over $100K was spent on tenant improvements. Inventory of about 50K is not included in price. Save time and headache opening new [Sterile, Non Sterile/Retail Compounding Pharmacy and applying for all insurances.] PIC would like to stay if needed for a reasonable amount of time. Pharmacy is servicing 3 Rehab Facilities, Home Health Care Agency. 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.

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

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
6/13/2018
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Support & Training:
Training Available
Reason for Selling:
Other Plans
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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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