Orange County Medical Building, Well Established Retail Pharmacy

Cerritos, CA (Los Angeles County)

Orange County Medical Building, Well Established Retail Pharmacy
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Asking Price: $299,800

Cash Flow: $148,650

Gross Revenue: $1,168,950

EBITDA: $148,650

FF&E: $25,000

Inventory: $50,000*

Rent: $2,973 per Month

Established: 1985

*not included in asking price.

Orange County Medical Building, Well Established Retail Pharmacy

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Business Description

Welcome to beautiful Orange County, California! Great opportunity to invest and operate well established Retail Pharmacy that started operating in 1980s. The Pharmacy is located in a beautiful business/residential area of Cerritos/Buena Park/Anaheim, minutes away from the Knott’s Berry Park inside a Medical Building with over 20 referring MDs. At the present time, there is one PharmD/PIC and one tech. All major insurances are accepted. Pharmacy is doing about 80-100 scripts a day, some of them with high profit margin. Medicare/Medi-Cal/Cigna, Express Scripts, CVS/Caremark, OptumRX and many others. PSAO is HealthMart Atlas. Opportunities for servicing patients requiring controlled meds. Digital Rx Software. The pharmacy is about 1,300 sf. Over $100K was spent on tenant improvements. Inventory of about 100K is not included in price. Save time and headache opening new Retail Pharmacy and applying for all insurances. PIC may stay if needed for a reasonable amount of time. NO marketing has yet been done. Great opportunity to reach out to local RCFEs, LTCs and Assisted Living Facilities, etc. Excellent lease terms and options. Wholesalers are McKesson. Open 6 days a week. All licenses and insurance contracts are in good standing.

Detailed Information

Location:
Cerritos, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,300
Lease Expiration:
8/15/2023
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Reason for Selling:
Other Interest
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(from currently available funds)
 
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Alex Levitan

Business Listed By:
Alex Levitan

Pacific Business Advisors


Sponsoring Broker:
Fred Mercuro

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Ad#:1833010

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