Profitable Retail Pharmacy in Medical Building!

Encino, CA
Los Angeles County

Encino/Sherman Oaks San Fernado Valley

Asking Price: Annual Revenue:
$685,000 $2,450,632

Retail: Health, Beauty, Nutrition

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RE: Profitable Retail Pharmacy in Medical Building! Broker: Alex Levitan
License #: 01272205
Owner Financing is Available!
To Be Discussed.

Quick Facts

Asking Price: $685,000
Annual Revenue: $2,450,632
Net Profit: $304,605
Cash Flow: $304,605
Total Debt: Not Disclosed
FF&E: $25,000
Real Estate: Not Disclosed
Year Established: 2005
Employees: 3
BBN Listing #: 485252285
Broker Reference #: EncinoMedBldgRX5+

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Business Overview:

Welcome to well established Retail Pharmacy located in one of the largest medical buildings on Ventura Blvd in Encino/Sherman Oaks area. Great visibility, convenient parking, established in 1997. At the present time, there are 1 PharmDs/PIC, 1 tech, 2 clerks and 1 driver. All major insurances are accepted. Pharmacy is doing 140-150 prescription a day, small OTC, no compounding. Medicare/Medi-Cal/Cigna, Express Scripts, CVS/Caremark, OptumRX/DEA/ARETE Co-Op. Per seller, there are over 20 medical practices in the building. Opportunities for servicing patients requiring controlled meds. McKesson Enterprise Software. The pharmacy is about 1,800 square feet. Over $50,000 was spent on tenant improvements and pharmacy equipment. Inventory of about $150,000 is not included in price. Save time and headache opening new [Sterile, Non Sterile/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 opportunity to reach out to local RCFEs, LTCs and Assisted Living Facilities, etc. Excellent lease terms and options. Wholesalers are McKesson, IPC and a few small locals. 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.
Please call Alex Levitan – Pacific Business Brokers 818.640.8080, for more information.
Please note that financial statements will be presented to potential buyers only upon verification of liquid funds. Seller may consider carrying papers with substantial down payment and sufficient and verifiable collateral located in the United States.

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Reason for Selling:

Other business plans.

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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