$599,880.00
Asking Price
Address: Los Angeles, 90001.
Status: Active
Posting ID: 284770
1/20/24
Description
This retail pharmacy is located in the heavily populated South Los Angeles/Florence/Huntington Park neighborhoods of Los Angeles County, California! It is excellent cash flow with a high-profit margin. It has a large MediCal patient base and is located near 110/10 highways.
~ 1,900 sq. ft. of space, Lease expires in 2027 with a few 3 year options, buyer will get a lease assignment. Most of the major insurances are accepted. PSAO is Health Mart Atlas. It has a clean license with no board violations. Medicare/DEA/Medical, CVS Caremark, Humana, Express RX, Optum and many others, all are in good standing, according to the seller. Open 6 days a week. Located in a well-established residential/commercial area. Strong marketers will be a huge plus, semi-absentee seller hasn’t done much marketing in the area.
There are several medical offices in the area, many rehabilitation centers and urgent care, and plenty of parking around. A wholesaler is McKesson and a few secondaries. RX Software is a Digital RX. It averages 120-140 retail scripts a day with a diversified patient base. PIC may stay during the transition. After a temporary license is issued, please bring your PIC or make an offer she/he can’t refuse. We are looking for licensed PharmD’s. It has clean books. Inventory is ~100K is not included, and will be appraised by professional RX appraisers at the close of escrow. Lots of OTC stuff brings extra cash flow.
Financial Statements, Inventory Count, and any additional information will be gladly presented to qualified buyers during due diligence. Proof of funds is required. The 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.
To get more information about this Retail Pharmacy - Heavily Populated Area business for sale in Los Angeles please phone Alex Levitan (Intermediary, Broker - BRE License #:01272205) at 818-640-8080 and 818-640-8080 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #284770 on BizBen.com. In addition to phoning Alex Levitan, make sure you email Alex Levitan above to get more info about this Retail Pharmacy - Heavily Populated Area, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01915577. Pacific Business Advisors.
Contact
Details
Asking Price: $599,880.00
Down: Call/Email
Cash Flow: $886,580.00
Revenue: $2,785,635.00
Area: Los Angeles
City: Los Angeles
Attributes:
My Notes About This Listing
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