Business For Sale

San Bernardino Pharmacy Rancho C

Rancho Cucamonga, CA
Los Angeles County

Asking Price: Annual Revenue:
$525,000 $641,219

Retail: Health, Beauty, Nutrition

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RE: San Bernardino Pharmacy Rancho C Broker: Alex Levitan

Quick Facts

Asking Price: $525,000
Annual Revenue: $641,219
Net Profit: Not Disclosed
Cash Flow: $274,625
Total Debt: Not Disclosed
FF&E: $175,000
Real Estate: Not Disclosed
Year Established: 1986
Employees: Not Disclosed
BBN Listing #: 603352285
Broker Reference #: PBB0018

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Business Overview:

Rare opportunity awaits a select, qualified and experienced pharmacist or corporation who wants to step up and take a highly profitable, state of the art, USP 800 compliant, non-sterile compounding pharmacy to its next level of growth and profitability. This is a turn-key operation with stable returns with extensive potential for more. Gross Revenue for 2016 was approximately $650,000 with $275,000 Net. Cash/private pay accounts for approximately 96% of the business leaving an average profit margin of about 30%. All compounding credentials are in place and impeccable, as are all major insurances including Medicare/MediCal, a highly trained, long-term stable staff, detailed operational processes, a complete line of compounding equipment worth over $150,000 and consistent, primarily cash paying, patrons. It is located in a medical plaza building two blocks from a large acute care hospital and over 50 provider offices within a 3 mile radius, many focused on hormone and pain management, dentistry and dermatology. Due to impeccable and professional service, an encyclopedic knowledge of compounded products, and the tested quality of its' products, this pharmacy over the past 12 years has established great relationships with individual providers and major medical centers such as City of Hope and Cedar-Sinai which send consistent referrals. In addition to the traditional compounding business such as Bio-identical Hormone Replacement Therapy (BHRT), pain management, and dermatology which delivers high margins, the pharmacy is part of a select national group of pharmacies participating in clinical trials to support prescription medications becoming OTC.
Sellers need to step away due to lifestyle choices but are willing to consider an ongoing relationship for training and support. Present hours of operations are five days a week from 9am to 5:30pm but could easily be expanded for increased profitability.
There are multiple growth opportunities to establish new sources of cash flow with this pharmacy. First, the only marketing done has been word of mouth. In fact the owners specifically choose not to spend time and money on marketing. Second, the pharmacy has a strong foothold in the local veterinarian cash compounding marketing which could be expanded quickly with simple and consistent outreach. Next, the pharmacy is set up for retail prescription sales but sellers currently refuse scripts from the many patients who enter the store per day seeking retail medications. Third the pharmacy was licensed in multiple states and had sales but again spent no energy in marketing so potential to relicense, reengage and profit nationally is abundant. The pharmacy also carries only professional grade vitamins. Compliant with California Board of Pharmacy Compounding and Hazardous Drugs Regulations after sellers spent over $100,000. This again is a highly profitable niche but needs a dedicated marketing effort in the pharmacy which none exists. Finally, the pharmacy does multiple cash paid patient consultations primarily for hormone replacement and lifestyle management. Over the past year patients are requesting even more medication consultations. This is an untapped potential cash-based profit center in which the pharmacy is already set up to accommodate but has chosen not to encourage except in a limited way. Please note that the SDE (Seller’s Discretionary Earnings) consist of Net Profit, Pharmacist’s Salary and addbacks.
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. Contact Alex Levitan-Pacific Business Brokers.

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Reason for Selling:

Lifestyle change

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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