Profitable Retail Pharmacy DME in LA County, Whittier/La Habra area

Whittier, CA (Los Angeles County)

Seller Financing Available
Profitable Retail Pharmacy DME in LA County, Whittier/La Habra area
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Asking Price: $895,000

Cash Flow: $368,650

Gross Revenue: $2,835,625

EBITDA: $368,650

FF&E: $35,000

Inventory: $180,000*

Rent: $3,750 per Month

Established: 1998

*not included in asking price.

Profitable Retail Pharmacy DME in LA County, Whittier/La Habra area

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Business Description

Great opportunity to invest and operate the profitable and well established Retail Pharmacy established in 1997. The Pharmacy is located in the beautiful business/residential area La Habra and Whittier inside a medical building, across a street from a local hospital. At the present time, there are 2 PharmDs [One Owner/PharmD can run the shop]. All major insurances are accepted. Please note that buyer will have to get re-credentialed to obtain insurances on his/her name. Power of Attorney will be granted for that periods. Pharmacy is doing 150-175 prescription a day from local pedestrian traffic and patients of medical offices located in the building. Medicare/Medi-Cal/Most Private Insurances/DEA/ARETE Co-Op. Average for last few years is 2.8 M- 3.2M. Opportunities for servicing patients requiring controlled meds. Etreby Software. The pharmacy is about 1,850 sf. Over $100K was spent on tenant improvements. Inventory of about 180K is not included in price. Save time and headache opening new [Sterile, Non Sterile/Retail Compounding Pharmacy and applying for all insurances. PIC would like to stay if needed for a reasonable amount of time. NO marketing has yet been done. AT ALL! Great opportunity to reach out to local RCFEs, LTCs and Assisted Living Facilities, etc. Excellent lease terms and options. Wholesalers are Etreby. Open 5 days a week. Motivated seller may consider management agreement with qualified buyer. All licenses and insurance contracts are in good standing.

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.

PLEASE NOTE That the SDE/ACF [Seller’s Discretionary Earnings/Annual Cash Flow] INCLUDES Pharmacist’s Salary, Add-backs and Remaining Profit. If you are an investor, you will have to hire a professional PT/OT, so your SDE/ACF will be 140K-150K less

PLEASE BE DISCREET AND DON’T GO TO THE PLACE OF BUSINESS WITHOUT AN APPOINTMENT.

IN MOST CASES EMPLOYEES ARE NOT AWARE OF THE SALE.
PLEASE RESPECT SELLER’S CONFIDENTIALITY.

DISCLAIMER: THE INFORMATION ABOVE WAS FURNISHED BY THE SELLER. BROKER HAS NOT VERIFIED THE INFORMATION AND MAKES NO REPRESENTATIONS AS TO ITS ACCURACY OR RELIABILITY. PACIFIC BUSINESS BROKERS OF CALIFORNIA, HAVE NOT VERIFIED THE ACCURACY OF FINANCIALS.

Detailed Information

Location:
Whittier, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,850
Lease Expiration:
9/15/2021
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Competition:
Medical Building near large Hospital
Financing:
Negotiable for Qualified Buyer
Support & Training:
Seller will train
Reason for Selling:
Retiring
Contact Seller

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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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