Profitable Retail Pharmacy in the Heart of Ventura County!

Ojai, CA (Ventura County)

Profitable Retail Pharmacy in the Heart of Ventura County!
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Asking Price: $580,000

Cash Flow: $280,650

Gross Revenue: $1,450,653

EBITDA: $280,650

FF&E: $110,000

Inventory: $230,630*

Rent: $8,840 per Month

Established: 1900

*not included in asking price.

Profitable Retail Pharmacy in the Heart of Ventura County!

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Business Description

Great opportunity to invest in and/or own and operate an exclusively located Retail Pharmacy that was established over 120 years ago! Located near a few medical offices. The Pharmacy is located in the area of Ventura/Ojai/Carpinteria of Ventura County [Far away from the heat zone]. Save time and money with this turnkey operation and its excellent lease terms and options. Averages 125-150 scripts daily with Medicare Part D and B/Medicare/Medical/DEA/ Access Health PSAO. Recently obtained DME permit. Gross annual sale for 2017-2020 averages $1.8M-2M. Due to pandemic 2021 revenue is around 1.47M and slowly climbing up to revenue of pre-pandemic years. In addition to RX there are large amount of OTCs – vitamins, souvenirs, etc. Recently obtained Beer and Wine Liquor License brings additional revenue during hot California days. Tremendous growth opportunity available by marketing to medical building doctors, local retirement homes, medical offices, boarding cares, RCFEs, hospices, Home Health Care Agencies, etc. Large space – almost 4,000 sf, new owner can start doing compounding operation in addition to existing business. McKesson is the wholesaler, Software is Liberty. Inventory of about 250K [to be appraised before close of escrow] is not included in price. Recently built beautiful shelves for OTC and custom made central isles. Seller spent over $30,000. Movie theater and a hotel across the way are opening up soon that will bring additional foot traffic. Pharmacy does bubble packs. New nursing homes opened nearby and available for grabs with the right marketing pitch.

Call Alex Levitan-Pacific Business Brokers (818) 640-8080 or email to 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:
Ojai, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,800
Lease Expiration:
6/12/2024
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Support & Training:
Seller Will Train
Reason for Selling:
Other Interests
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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#:1910665

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