Glendale/Burbank Pharmacy SJ

Burbank, CA
Los Angeles County

Asking Price: Annual Revenue:
$445,000 $1,077,527

Retail: Health, Beauty, Nutrition

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RE: Glendale/Burbank Pharmacy SJ Broker: Alex Levitan

Quick Facts

Asking Price: $445,000
Annual Revenue: $1,077,527
Net Profit: Not Disclosed
Cash Flow: $177,825
Total Debt: Not Disclosed
FF&E: $25,000
Real Estate: Not Disclosed
Year Established: 2009
Employees: 1
BBN Listing #: 979152285
Broker Reference #: PBB0022

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Business Overview:

An excellent business opportunity to invest in a well established [opened in 2008] Retail Pharmacy located in the area of Burbank/Glendale. This 650 square feet Pharmacy is located inside of a beautiful medical building with a lot of medical providers and an Urgent Care Facility. Plus, it is right next to a major Hospital and a Cancer Center. This store is only open from Monday to Friday 5 days a week which owner can always spend quality weekends with family. All major insurances are accepted. Average 70-80 scripts a day. Gross sale of 2017 is close to $1.1M with a net profit about $180,000 includes owner/pharmacist’s salary. Current inventory is $70,000 approximately, which is not included in sale price. This is a very easily operative pharmacy business using one of the most efficient computer software systems in the market - RX30. And, this pharmacy generates higher per prescription profit margin due to a great drug cost controlled under Arete Co-Op with Cardinal Healthcare as wholesaler. Since there wasn’t any marketing has been done by current owner so there is good potential to grow business by contacting neighbor doctors, Urgent Care, Cancer Center, Hospital, local retirement homes, Medical offices, etc. Plus a new Clinic just moved in the previously emptied space next door to pharmacy. Seller is willing to stay for a reasonable period to help the new owner. Motivated seller is looking for a licensed pharmacist buyer who is willing to take care current loyal customers and grow his/her own pharmacy business. Management agreement is possible for qualified buyer. Contact Alex Levitan- Pacific Business Brokers to get 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.

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Reason for Selling:

Other interests.

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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