Retail Pharmacy in Huntington Beach/Irvine Medical Building

Huntington Beach, CA (Orange County)

Retail Pharmacy in Huntington Beach/Irvine Medical Building
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Asking Price: $188,880

Cash Flow: $40,235

Gross Revenue: $352,685

EBITDA: $40,235

FF&E: $31,265

Inventory: $79,560*

Rent: $2,520 per Month

Established: 2020

*not included in asking price.

Retail Pharmacy in Huntington Beach/Irvine Medical Building

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Business Description

Welcome to Beautiful Downtown Huntington Beach, Orange County. Adjacent to Westminster, Newport Beach and Irvine. Great opportunity to invest and operate a Retail Pharmacy located inside busy Medical Building with 45-50 prescribing MDs. Surgery Center, Internal Medicine, Ophthalmology Clinic and other medical offices are inside the building. Established in 2020, conveniently located near 405 highway in a busy traffic area. At the present time, there is one PharmD/PIC and one tech running the pharmacy. All major insurances are accepted. Medical, Medicare, Cigna, Express Scripts, Humana, OptumRX, Caremark and many others. Open 5 days a week. Business is marginal. Opportunities for servicing patients requiring controlled meds. Digital Business Solution software. The pharmacy is about 800 sf. Good assignable lease plus 5 year options. Over $30K was spent on tenant improvements. Inventory [~80K] 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 Amerisource Bergen and a few small wholesalers. 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:
Huntington Beach, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
753
Lease Expiration:
2/20/2025
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Support & Training:
Seller will train
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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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