Profitable Retail Pharmacy in Covina

Covina, CA (Los Angeles County) (Relocatable)

Profitable Retail Pharmacy in Covina
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Asking Price: $155,650

Cash Flow: $102,365

Gross Revenue: $385,632

EBITDA: $102,365

FF&E: $15,000

Inventory: $60,000*

Rent: $1,985 per Month

Established: 2017

*not included in asking price.

Profitable Retail Pharmacy in Covina

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Business Description

Welcome to beautiful City of Covina, Los Angeles County! Great opportunity to invest and operate the newly established Retail Pharmacy that started operating in 2017. Motivated Seller is retiring and open for a Management Agreement. The Pharmacy is located in the beautiful business/residential area of Covina near multiple medical offices. At the present time, there is just PharmD/PIC running a show. All major insurances are accepted. Pharmacy is doing 35-40 prescription a day. Medicare/Medi-Cal/Cigna, Express Scripts, CVS/Caremark, OptumRX, Humana, Anthem/DEA C2-C5/ARETE Co-Op and other major insurances. Opportunities for servicing patients requiring controlled meds. RX 30 Software. The pharmacy is about 950 sf. Over $50K was spent on tenant improvements. Inventory of about 30K is negotiable. LTC Assisted Living Facility is across the street. 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. AT ALL! Great opportunity to reach out to local RCFEs, LTCs and Assisted Living Facilities, etc. Excellent lease terms and options. Wholesaler is HD Smith. 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 Brokers (818)640-8080, and request an NDA.
! 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 Pharmacist in Charge, so your SDE/ACF will be 140K-150K 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.
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:
Covina, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
925
Lease Expiration:
8/18/2021
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Support & Training:
Seller will train
Reason for Selling:
Retiring
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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#:1757974

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