$948,800.00
Asking Price
Address: Huntington Park, 90037.
Status: Active
Posting ID: 285082
2/9/24
Description
This is a great opportunity to invest and operate a well-established retail pharmacy located near Downtown Los Angeles in the general area of Huntington Park, South Gate, Vernon, and South Central of Los Angeles County. Established in 1958, conveniently located near 110 and 10 highways in a busy pedestrian traffic area near a busy medical clinic. It has a semi-absentee seller with steady growing revenue. An SBA is possible with 25-30% down. At the present time, there is one PharmD/PIC, two techs and two clerks running the pharmacy.
All major insurances are accepted. Medical, Medicare, Cigna, Humana, OptumRX and many others. Averages 200 retail scripts a day. It has a busy front end with a variety of OTC products. There are opportunities for servicing patients requiring controlled meds and they use DigitalRX software + HealthMart Atlas PBM. The pharmacy is about 1,700 sq ft. They have a good assignable lease plus 5 year options. Over $30K was spent on tenant improvements. Inventory [~150K] is NOT included in price.
Save time and headaches by opening a new retail pharmacy and applying for all insurance. PIC may stay if needed for a reasonable amount of time. NO marketing has yet been done. This is a great opportunity to reach out to local RCFEs, LTCs and Assisted Living Facilities, etc. Excellent lease terms and options. Wholesalers are McKesson and a few small wholesalers. It is open 5 days a week. All licenses and insurance contracts are in
good standing.
To get more information about this Retail Pharmacy - Averaging 200 Scripts Per Day business for sale in Vernon 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 #285082 on BizBen.com. In addition to phoning Alex Levitan, make sure you email Alex Levitan above to get more info about this Retail Pharmacy - Averaging 200 Scripts Per Day, 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: $948,800.00
Down: $500,000.00
Cash Flow: $685,960.00
Revenue: $2,572,680.00
Area: Vernon
City: Huntington Park
Attributes:
My Notes About This Listing
Cash flow
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Revenue
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Down
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Down
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Revenue
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Down
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