60 Year Old Profitable Pharmacy in Downtown LA!

Los Angeles, CA
Los Angeles County

Profitable Pharmacy in LA Downtown area!!


Asking Price: Annual Revenue:
$399,800 $902,500

Retail: Health, Beauty, Nutrition


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RE: 60 Year Old Profitable Pharmacy in Downtown LA! Broker: Alex Levitan

Quick Facts

Asking Price: $399,800
Annual Revenue: $902,500
Net Profit: $205,650
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: 1958
Employees: 3
BBN Listing #: 867852285
Broker Reference #: USC/Vernon RX

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Business Overview:

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. Wholeseller is McKesson. The pharmacy is about 3,000 square feet. No marketing has been done. Annual sale for 2017 is a bit over $900,000. Net SDE (Seller’s Discretionary Earnings) around $200,000 per annum. Excellent lease terms and options. Open 5 days a week. Motivated seller. We are looking for licensed PharmD’s. 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.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Reason for Selling:

Retiring

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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