Very Profitable Retail Pharmacy in great location!

Long Beach, CA
Los Angeles County

Long Beach, California

Asking Price: Annual Revenue:
$1,188,850 $3,704,650

Retail: Health, Beauty, Nutrition

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RE: Very Profitable Retail Pharmacy in great location! Broker: Alex Levitan
License #: 01272205

Quick Facts

Asking Price: $1,188,850
Annual Revenue: $3,704,650
Net Profit: $542,580
Cash Flow: $542,580
Total Debt: Not Disclosed
FF&E: $25,000
Real Estate: Not Disclosed
Year Established: 1996
Employees: 4
BBN Listing #: 981152285
Broker Reference #: LongBeachRX5+

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Business Overview:

Welcome to well established Retail Pharmacy located in beautiful Long Beach, a few blocks from LGB, PCH and 710 freeway. Great visibility, convenient parking, established in 1996. At the present time, there are 1 PharmDs/PIC, 3 techs, 2 clerks and 1 driver. All major insurances are accepted. Pharmacy is doing 350-400 prescription a day, small OTC, little compounding. Medicare/Medi-Cal/Cigna, Express Scripts, CVS/Caremark, OptumRX/DEA/ARETE Co-Op. Per seller, there are 10 medical practices in the neighborhood. Opportunities for servicing patients requiring controlled meds. Digital RX Software. Revenue is climbing up every year – 2.3M in 2016, 3.4M in 2017, and 3.7M in 2018! The pharmacy is about 1,700 sf. Over $50K was spent on tenant improvements and pharmacy equipment. Inventory of about 150K 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. Serving a few LTC facilities. Great opportunity to reach out to local RCFEs, LTCs and Assisted Living Facilities, etc. Excellent lease terms and options. Wholesalers are Cardinal, HD Smith 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.

Contact Alex Levitan- Pacific Business Brokers or email us 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.

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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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