275,600 + inventory
Asking Price
Address: South Lake Tahoe, 96150.
Status: Active
Posting ID: 280675
9/9/23
Description
Lake Tahoe is calling you! This is a rare opportunity to invest in a pharmacy established in 1952! The current owner bought it in 1982. Retail Pharmacy is located in beautiful Lake Tahoe, El Dorado County, far away from the heat zone! It is located on well-traveled Lake Tahoe Blvd. It has been the only independent pharmacy in the area since 1952!
There is 3,000 sq ft. of retail space, plenty of room for high-margin OTC. The current lease expires in 2024, the buyer is to negotiate a new lease. Most of the major insurances are accepted. Access Health PSAO. Medicare/DEA/Medical, CVS Caremark, Express RX, Optum, and many others, all are in good standing, according to the seller. It is open 5 days a week. A wholesaler is McKesson. RX Software is Libert Software. It averages 40 scripts a day. They have a diversified patient base. They have a consistent revenue of ~ 1M and ~ 85K cash flow, including PIC's salary.
No marketing and advertising has been done. They do a few home care agencies and palliative and hospices, no compounding. Here are opportunities for a good marketer. PIC will stay during the transition. After temp. license is issued, please bring your own PIC. Over 200K was spent building this pharmacy. We are looking for licensed PharmDs. They have clean books. Inventory is ~120-130K extra.
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 - Established 1952 business for sale in South Lake Tahoe 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 #280675 on BizBen.com. In addition to phoning Alex Levitan, make sure you email Alex Levitan above to get more info about this Retail Pharmacy - Established 1952, 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: 275,600 + inventory
Down: $200,000.00
Cash Flow: $87,652.00
Revenue: $1,003,565.00
Area: South Lake Tahoe
City: South Lake Tahoe
Attributes:
My Notes About This Listing
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