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For Sale: Pharmacy - Simi Valley

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Current Status: Active     Posting #: 255156     Last Refreshed: 9/20/19     BRE License #: 01272205    
Contact: Alex Levitan At 818-640-8080  -  Also Email This Contact Below
Price:  $575,500     Down:  $250,000     Adjusted Net:  $226,850     Revenue:  $1,450,650    
Business Address:  None Given     City:  Simi Valley     Zip:  93065    
Attributes:  Training & Support, Relocatable     Cooperation With Brokers?  Call

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  Description About This Posting: Pharmacy
Great Opportunity to invest in a Retail Pharmacy located in the heart of Simi Valley, in close proximity to large local hospital, close to 118 Highway. Located inside a Medical Building with 5 Medical Practices. Established over 50 years ago. Well established Commercial/Residential neighborhoods of Simi Valley. Great visibility, convenient parking. At the present time, there is 1 PharmD/PIC and 1 tech running this pharmacy. Most of major insurances contracted, DEA, Medicare D/Medical Optum RX, Caremark/CVS, Express Scripts, and many others. 80-100 scripts a day. Opportunities for servicing patients requiring controlled meds. Digital RX Software. The pharmacy is about 1,500 sq. ft. Monthly lease is $3,500. Two years left on the lease plus options. Annual Receipts are 1.4-1.5M, Cash Flow [Incl. PIC's Compensation] is around 200K. Over $30K was spent on tenant improvements and pharmacy equipment. No compounding. Save time and headache opening new Retail/Compounding Pharmacy and applying for all insurances. PIC may stay if needed for a reasonable amount of time. NO marketing has yet been done, great opportunities to reach out to multiple LTC facilities in the area. Pharmacy currently services 10 Boarding Care Facilities. Wholesaler is Cardinal. 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.

Call and request an NDA.

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.

To get more information about this Pharmacy business for sale in Simi Valley please phone Alex Levitan (Intermediary, Broker - BRE License #:01272205) at 818-640-8080 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #255156 on BizBen.com. In addition to phoning Alex Levitan, make sure you email Alex Levitan above to get more info about this Pharmacy, to ask any questions or request an appointment to see this business for sale, franchise, or opportunity. Thank you.

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