Great Opportunity to invest in Retail Pharmacy located in the City of Westminster, Orange County, near 405 and 22 freeways, in close proximity to Santa Ana, Fountain Valley and Garden Grove. Great visibility, convenient parking, new owner started this pharmacy in 2018. At the present time, there is 1 PharmD/PIC running this pharmacy. All major insurances are accepted. Pharmacy is doing 25-35 prescription a day, small OTC, no compounding. Medicare/Medical, Cigna, Express Scripts, CVS/Caremark, OptumRX/DEA and other major insurances. Opportunities for servicing patients requiring controlled meds. Digital RX Software. The pharmacy is about 1,200 sf. Over $30K was spent on tenant improvements and pharmacy equipment. Save time and headache opening new [Sterile, Non Sterile/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. Excellent lease terms and options. Wholesalers are Cardinal, HPC and a few small locals. Open 5 days a week. Motivated seller may consider management agreement with qualified buyer. All licenses and insurance contracts are in good standing.
Please note that the SDE [Seller's Discretionary Earnings] includes Pharmacist's Salary, Add Backs and Remaining Profit. If you are an investor, you will have to hire a Pharmacist in Charge, so your SDE will be 140K less.
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. Seller may consider carrying papers with substantial down payment and sufficient and verifiable collateral located in the United States.