Profitable Pharmacy in Medical Building, LA County San Fernando Valley

West Hills, CA (Los Angeles County) (Relocatable)

Profitable Pharmacy in Medical Building, LA County San Fernando Valley
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Asking Price: $675,000

Cash Flow: $395,500

Gross Revenue: $2,100,650

EBITDA: $395,500

FF&E: $80,000

Inventory: $120,000*

Rent: $5,500 per Month

Established: 1965

*not included in asking price.

Profitable Pharmacy in Medical Building, LA County San Fernando Valley

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Business Description

Great opportunity to invest in well established [opened in 1960s, under new owner since 2007, S Corp] Retail Pharmacy located in North West San Fernando Valley [Woodland Hills/West Hills], adjacent to Large Hospital and medical buildings. Over 20 medical offices in the building. Conveniently located near 101 highway. Most of major insurances are accepted, such as Medicare D, Medical, Express Scripts, Optum RX, Cigna, Blue Shield/Blue Cross, Anthem, Molina, Caremark/CVS, Humana, NPI Co-OP. DEA accredited. Well established referrals from medical practices located inside the building – Pain Management Clinic, OBGYN, Dermatology, Rheumatologist and a few Dentists. Averages 100 scripts a day. No marketing is done, great opportunity to contact local retirement homes, Medical offices, Boarding Cares, RCFEs, Hospices, Home Health Care Agencies, etc. Wholeseller is Cardinal. Software is Cerner - Etreby. The pharmacy is about 1,150 sf. Over 70K was spent on Tenant Improvement. Average Gross is 2M, Cash Flow is around 450-500K [including PIC salary]. Current PIC may stay if needed. Save time and headache opening new Pharmacy and applying for all insurances. Excellent lease terms and options. Open 5 days a week. Motivated seller. Good Lease. We are looking for licensed PharmD’s. Management agreement is possible for qualified buyer. [In-state PharmD]. Seller agrees to give a Power of Attorney for all his insurances while buyer is being re-certified [upon seller’s due diligence and buyer’s clear background check]

Call Alex Levitan-Pacific Business Broker (818)640-8080, or email levchik@yahoo.com 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.

Detailed Information

Location:
West Hills, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,150
Lease Expiration:
4/19/2023
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Support & Training:
Seller will train
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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#:1747962

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