Profitable Retail Pharmacy in Burbank/Glendale. 3M Revenue!

Glendale, CA (Los Angeles County)

Profitable Retail Pharmacy in Burbank/Glendale. 3M Revenue!

Asking Price: $598,800

Cash Flow: $197,850

Gross Revenue: $2,948,560

EBITDA: $197,850

FF&E: $70,000

Inventory: $60,000*

Rent: $3,400 per Month

Established: 2009

*not included in asking price.

Profitable Retail Pharmacy in Burbank/Glendale. 3M Revenue!

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Business Description

Great opportunity to invest and operate well established retail pharmacy located in the area of Burbank-Glendale, Los Angeles County. 250-300 scripts a day. Established in 2009, located near a few medical offices. Deliveries in adjacent areas. Conveniently located between 5 and 134 Highways near Urgent Care Facility. At the present time, there is one PharmD/PIC and 4 techs running the pharmacy. Steady revenue of ~ 3M, SDE ~ 200K [Including PIC’s salary]. All major insurances are accepted - MediCal, Medicare, Cigna, Express Scripts, Humana, OptumRX and many others. Opportunities for servicing patients requiring controlled meds. Cerner RX Software. The pharmacy is about 1,000 sf. The lease is month-to-month. Get a new lease and stay for another 10 years or relocate if you wish. Over $50K was spent on tenant improvements. Inventory [60-70K] 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 if you wish to stay in the same location. Wholesalers are Anda, Cardinal and a few small wholesalers. Open 5 days a week. All licenses and insurance contracts are in good standing.

Call Alex Levitan- Pacific Business Brokers (818)640-8080, 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

Glendale, CA
Not included in asking price
Real Estate:
Building SF:
Lease Expiration:
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Support & Training:
Seller will train
Reason for Selling:
Other business venture

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Alex Levitan

Business Listed By:
Alex Levitan

Pacific Business Advisors

Sponsoring Broker:
Fred Mercuro

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