Retail Pharmacy located in the general area of Pasadena of LA County

Pasadena, CA (Los Angeles County) (Relocatable)

Retail Pharmacy located in the general area of Pasadena of LA County
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Asking Price: $240,000

Cash Flow: $151,893

Gross Revenue: $602,365

EBITDA: $151,893

FF&E: $25,000

Inventory: $56,985*

Rent: $2,160 per Month

Established: 2018

*not included in asking price.

Retail Pharmacy located in the general area of Pasadena of LA County

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Business Description

Welcome to Beautiful Downtown Pasadena. Great opportunity to invest and operate a Retail Pharmacy located in the general area of Pasadena/Altadena of Los Angeles County. Established in 2018, conveniently located near 210 highway in a busy pedestrian traffic area. 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 500 retail scripts a month. Spacious front end with variety of OTC products. Opportunities for servicing patients requiring controlled meds. LibertyRX software. The pharmacy is about 1,000 sf. Good assignable lease plus 5 year options. Over $50K was spent on tenant improvements. Inventory [~50K] is NOT included in price. Annual Revenue is ~ 600K and cash flow for working Owner/PIC is about 150K+. 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 McKesson and a few small wholesalers. Open 6 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:
Pasadena, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,000
Lease Expiration:
5/25/2023
Employees:
2
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#:1923180

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