Well Established Retail Pharmacy in Medical Building Simi Valley

Simi Valley, CA (Ventura County) (Relocatable)

Well Established Retail Pharmacy in Medical Building Simi Valley
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Asking Price: $615,888

Cash Flow: $215,365

Gross Revenue: $1,445,650

EBITDA: N/A

FF&E: $25,000

Inventory: $80,000*

Rent: $3,500 /Month

Established: 1970

*not included in asking price.

Well Established Retail Pharmacy in Medical Building Simi Valley

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Business Description

Great Opportunity to invest in a Retail Pharmacy located in the heart of Simi Valley, in close proximity to large local hospital, close to 118 Highway. Located inside a Medical Building with 5 Medical Practices. Established over 50 years ago. Well established Commercial/Residential neighborhoods of Simi Valley. Great visibility, convenient parking. At the present time, there is 1 PharmD/PIC and 1 tech running this pharmacy. Most of major insurances contracted, DEA, Medicare D/Medical Optum RX, Caremark/CVS, Express Scripts, and many others. 80-100 scripts a day. Opportunities for servicing patients requiring controlled meds. Digital RX Software. The pharmacy is about 1,500 sf. Monthly lease is $3,500. Two years left on the lease plus options. Annual Receipts are 1.4-1.5M, Cash Flow [Incl. PIC’s Compensation] is around 200K.Over $30K was spent on tenant improvements and pharmacy equipment. No compounding. Save time and headache opening new 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 opportunities to reach out to multiple LTC facilities in the area. Pharmacy currently services 10 Boarding Care Facilities. Wholesaler is Cardinal. Open 5 days a week. Motivated seller may consider management agreement with qualified buyer. All licenses and insurance contracts are in good standing. No seller financing.

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. Please note that financial statements will be presented to potential buyers only upon verification of liquid funds.

Detailed Information

Location:
Simi Valley, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,500
Lease Expiration:
1/24/2022
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Reason for Selling:
Other Interest
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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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