Newer Retail Pharmacy in Sherman Oaks, Ventura Blv

Sherman Oaks, CA
Los Angeles County

Asking Price: Annual Revenue:
$170,000 $265,850

Retail: Health, Beauty, Nutrition

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RE: Newer Retail Pharmacy in Sherman Oaks, Ventura Blv Broker: Alex Levitan
License #: 01272205

Quick Facts

Asking Price: $170,000
Annual Revenue: $265,850
Net Profit: $46,650
Cash Flow: $46,650
Total Debt: Not Disclosed
FF&E: $25,500
Real Estate: Not Disclosed
Year Established: 2015
Employees: 1
BBN Listing #: 639852285
Broker Reference #: ShermOaksShell188K

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Business Overview:

Great Opportunity to invest in a Retail Pharmacy located in the Encino/Sherman Oaks/Studio City area, San Fernando Valley, Los Angeles County. Free standing building on very busy Ventura Blvd, close to 405 and 101, surrounded by multiple medical, dental and few veterinarian offices. Great visibility, convenient parking. At the present time, there is 1 PharmD/PIC running this pharmacy. All major insurances are accepted [except Optum RX and Medi-Cal]. Pharmacy is doing 25-35 prescription a day, small OTC, no compounding. Medicare D, Cigna, Express Scripts, Athem, CVS/Caremark, DEA and other major insurances. Opportunities for servicing patients requiring controlled meds. Digital RX Software. The pharmacy is about 1,100 square feet. Over $30,000 was spent on tenant improvements and pharmacy equipment. 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. Software is Digital RX. NO marketing has yet been done, great opportunities to reach out to multiple LTC facilities in the area. Excellent lease terms and options. Wholesaler is Amerisource Bergen. New HVAC was installed 2 years ago. Open 5 days a week. Motivated seller may consider management agreement with qualified buyer. All licenses and insurance contracts are in good standing. No seller financing. Cash buyers only please.

Call Alex Levitan- Pacific Business Brokers, and request an NDA.

! PLEASE NOTE That the SDE/ACF [Seller’s Discretionary Earnings/Annual Cash Flow] INCLUDE Pharmacist’s Salary, Add Backs and Remaining Profit. If you are an investor, you will have to hire a PIC [Pharmacist in Charge], so your SDE will be $140,000 less!

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 note that financial statements will be presented to potential buyers only upon verification of liquid funds.

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Reason for Selling:

Other 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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