$349,850.00
Asking Price
Address: Huntington Park, 90255.
Status: Active
Posting ID: 286338
4/30/24
Description
A profitable retail pharmacy, processing 80-90 scripts a day, serves most commercial PBMs and Medicare. It was established in 2004 and is situated in the densely populated area of South Gate, Vernon, Lynwood, and Huntington Park of Angeles County. The pharmacy is conveniently located between 5 and 110 Highways.
Currently, it is managed by one PharmD/PIC and one technician. The pharmacy accepts all major insurances, including Medical, Medicare, Cigna, Express Scripts, Humana, OptumRX, and many others. There are opportunities to serve patients requiring controlled medications, facilitated by digital RX software. The pharmacy occupies approximately 2,500 square feet, with a lease expiring in 2025; a new lease can be obtained for another 10 years or relocation is possible.
Over $200,000 was invested in tenant improvements. Inventory (~$100,000) is not included in the price and will be appraised before the close of escrow. Opening a new retail pharmacy and applying for all insurance contracts can save time and headaches. The pharmacy is affiliated with PSAO – CKAPHA and averages 80-90 scripts per day, generating steady revenue of $1.1-1.2 million annually.
The PharmD/PIC may stay if needed for a reasonable amount of time. No marketing has been conducted yet, presenting a great opportunity to reach out to local RCFEs, LTCs, Assisted Living Facilities, etc. Excellent lease terms and options are available. Wholesalers include Cardinal and a few small wholesalers. The pharmacy operates six days a week, holding all licenses and insurance contracts in good standing.
Financial statements, inventory count, and additional information will be provided to qualified buyers during due diligence, with proof of funds required. The seller is motivated, but buyers are encouraged to conduct their own due diligence on market conditions and the industry before making any commitments or decisions.
To get more information about this Retail Pharmacy - Established 204, Good Location business for sale in Huntington Park please phone Alex Levitan (Intermediary, Broker - BRE License #:01272205) at 818-640-8080 and 818-640-8080 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #286338 on BizBen.com. In addition to phoning Alex Levitan, make sure you email Alex Levitan above to get more info about this Retail Pharmacy - Established 204, Good Location, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01915577. Pacific Business Advisors.
Contact
Details
Asking Price: $349,850.00
Down: $349,850.00
Cash Flow: $176,982.00
Revenue: $1,050,860.00
Area: Huntington Park
City: Huntington Park
Attributes:
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