$419,500.00
Asking Price
Status: Active
Posting ID: 270881
2/16/24
Description
This is a great opportunity to invest in and/or own and operate an exclusively located Retail Pharmacy that was established over 140 years ago! Located near a few medical offices. The pharmacy is located in the area of Ventura/Ojai/Carpinteria of Ventura County [far away from the heat zone]. Save time and money with this turnkey operation and its excellent lease terms and options.
It averages 125-150 scripts daily with Medicare Part D and B/Medicare/Medical/DEA/ Access Health PSAO. Recently obtained DME permit. Gross annual sales for 2017-2020 average $1.8M-2M. Due to the pandemic, 2021 revenue is around 1.47M and slowly climbing up to the revenue of pre-pandemic years. In addition to RX, there are large amounts of OTCs vitamins, souvenirs, etc. Recently obtained Beer and Wine Liquor License brings additional revenue during hot California days. Tremendous growth opportunities are available by marketing to medical building doctors, local retirement homes, medical offices, boarding Cares, RCFEs, Hospices, Home Health Care Agencies, etc. Large space almost 4,000 sf, the new owner can start doing compounding operations in addition to an existing business. McKesson is the wholesaler, Software is Liberty.
Inventory of about 200K [to be appraised before the closing of escrow] is not included in the price. Recently built beautiful shelves for OTC and custom-made central isles. The seller spent over $30,000. A movie theater and a hotel across the way are opening up soon which will bring additional foot traffic. The pharmacy does bubble packs. New nursing homes opened nearby and are available for grabs with the right marketing pitch.
Financial Statements, Inventory Count, and any additional information will be gladly presented to qualified buyers during due diligence. Proof of funds is required. The 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.
Revenue ~ 1.4M. SDE ~ 285K. Averages 140 scripts a day. Huge Front End. 2,800 sf. All Major PBMs.
To get more information about this Retail Pharmacy - Long Established, All Major PBMs business for sale in Ventura County 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 #270881 on BizBen.com. In addition to phoning Alex Levitan, make sure you email Alex Levitan above to get more info about this Retail Pharmacy - Long Established, All Major PBMs, 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: $419,500.00
Down: Negotiable
Cash Flow: $235,000.00
Revenue: $1,350,000.00
Area: Ventura County
City: None Given
Attributes:
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