Profitable Retail Pharmacy located in a medical building near Hospital

Thousand Oaks, CA (Ventura County)

Profitable Retail Pharmacy located in a medical building near Hospital
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Asking Price: $495,500

Cash Flow: $289,650

Gross Revenue: $1,725,365

EBITDA: $289,650

FF&E: $35,000

Inventory: $90,000*

Rent: $3,500 per Month

Established: 1991

*not included in asking price.

Profitable Retail Pharmacy located in a medical building near Hospital

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Business Description

Great opportunity to invest, operate and provide much needed service to community in a Retail Pharmacy located inside a medical building near large Hospital and Medical Center in the area of Thousand Oaks/Westlake Village/Newbury Park of Ventura County. Established in 1991, conveniently located near 101 and 118 highways in a busy traffic area. Medical Campus has a Surgery Center, wound care and dialysis unit, and many prescribing MDs. Adjacent buildings have many medical clinics as well. At the present time, there is one PharmD/PIC, one tech and one clerk running the pharmacy. All major insurances are accepted. Medical, Medicare, Cigna, Express Scripts, Humana, OptumRX and many others. Averages 100 retail and 3 compounding scripts a day. USP800 certified compounding room for hazardous drugs compounding. Opportunities for servicing patients requiring controlled meds. RX30 software. The pharmacy is about 1,027 sf. Good assignable lease plus 5 year options. Over $30K was spent on tenant improvements. Inventory [~90K] 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. Wholesalers are 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

Location:
Thousand Oaks, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,025
Lease Expiration:
12/20/2022
Employees:
3
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#:1922375

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