$435,650.00
Asking Price
Address: Tarzana,
Status: Active
Posting ID: 286337
4/30/24
Description
A well-established, profitable retail pharmacy is located in the Tarzana/Woodland Hills area of San Fernando Valley, Los Angeles County. All major PBMs are active and in good standing. It is situated near the 101 Highway in a bustling drive-thru shopping plaza. The pharmacy was established in 2002 and has seen consistent revenue growth year after year, even during the COVID years, processing 110-120 scripts daily. With approximately 700 sq. ft. of space, there is ample room for additional over-the-counter cash flow. The lease is set to expire at the end of 2024, offering the option for relocation or lease assignment.
The pharmacy accepts most major insurances, and its PSAO is Align Rx. The license is clean, with no Board violations, and all relevant certifications (Medicare, DEA, CVS Caremark, Humana, Express RX, Optum, etc.) are in good standing, as confirmed by the seller. Operating five days a week, it is located in a well-established residential/commercial area with numerous medical offices nearby and ample parking. Cardinal/Andas serves as the primary wholesaler, with several secondary options available. The pharmacy utilizes QSI (NRX)RX Software and boasts a diversified patient base.
The Pharmacy in Charge (PIC) may remain during the transition period, and upon issuance of a temporary license, interested parties are encouraged to bring their PIC or make an offer to the existing one. Licensed PharmD’s are sought after. Financial statements, inventory counts, and additional information will be provided to qualified buyers during due diligence, with proof of funds required. The seller is motivated, but buyers are advised to conduct their own due diligence on market conditions and the industry before making any commitments.
Additionally, due to confidentiality reasons, the photo provided is a general showcase image of a pharmacy.
To get more information about this Retail Pharmacy - Well Established, Profitable business for sale in Tarzana 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 #286337 on BizBen.com. In addition to phoning Alex Levitan, make sure you email Alex Levitan above to get more info about this Retail Pharmacy - Well Established, Profitable, 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: $435,650.00
Down: Call/Email
Cash Flow: $235,965.00
Revenue: $2,654,985.00
Area: Tarzana
City: Tarzana
Attributes:
My Notes About This Listing
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