Retail Pharmacy in Long Beach Medical Building

Long Beach, CA (Los Angeles County)

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Asking Price: $345,000

Cash Flow: $211,560

Gross Revenue: $2,168,925

EBITDA: $211,560

FF&E: $100,000

Inventory: $96,000*

Rent: $5,275 per Month

Established: 2016

*not included in asking price.

Retail Pharmacy in Long Beach Medical Building

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Business Description

Welcome to beautiful Long Beach, Los Angeles County! Great opportunity to invest and operate newer Retail Pharmacy that started operating in 2016. The Pharmacy is located in a beautiful business/residential area of Long Beach inside a Medical Building with 10 referred MDs. At the present time, there is one PharmD/PIC and one tech. All major insurances are accepted. Pharmacy is doing about 50-60 scripts a day, some of them with high profit margin. Medicare/Medi-Cal/Cigna, Express Scripts, CVS/Caremark, OptumRX and many others. PSAO is HealthMart Atlas. Opportunities for servicing patients requiring controlled meds. Digital Rx Software. The pharmacy is about 1,500 sf. Over $150K was spent on tenant improvements. Inventory of about 100K 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. Absentee owner. 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 McKesson and Smartsource. 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:
Long Beach, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,500
Lease Expiration:
11/15/2024
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Support & Training:
Seller Will Train
Reason for Selling:
Other Plans
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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#:1807992

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