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Pharmacies For Sale in California
For additional information, please write to
Steve
Wagner.
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agreement on file with us.
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Thank you.
CA-2. Los Angeles County - A long-established (45 years in
this location) full line pharmacy and gift shop located in the San
Fernando Valley, with easy access to downtown LA via major Freeways. The
store serves a trading area with a population of more than 100,000
people, has limited local competition, primarily large chains with an
entirely different product mix. 2007 reported sales of $4.328MM, $4.43MM
in 2008, $2.9MM for the first six months of 2009. 80%+ Rx sales, full
store margins of 28%++ due to very large card and gift department, high
end prestige cosmetic and fragrance products. The store is currently
filling 39,000 Rxs annually, 7% cash, NO Medi-Cal to speak of,
the balance Managed Care. New pain management clinic in the local area
providing a large number of high value Rxs in addition to traditional Rx
business. It is open from 9-7 M-F, 10-6 Saturday, closed Sunday. 58
hours per week. It occupies a 7,700 sq. ft. space including 700 sq. ft.
of storage space. 20 year lease in place, current rent of $20K per
month. The payroll includes 1 FT pharmacist, 2 PT pharmacists, 1 FT
tech, 1 PT tech, sales clerks and cosmeticians, PT bookkeeper. Owner is
totally absentee, only on the bench in emergency situations. There is
some owner financing available for a creditworthy and qualified buyer
with a significant equity contribution. This is an opportunity for an
experienced pharmacist/retailer to buy into a growth situation in a
great marketplace. The current owner turned this store around in less
than two years, has grown Rx volume by over 40% and full store volume by
more than 20% in that time, is currently on track to continue these
increases. Other business interests mandate that he devote full time to
them, hence the reason for a sale. He successfully negotiated a long
lease in a great shopping center. The clientele and product mix of this
pharmacy are very upscale and it has great margins, still has
significant room for growth and improvement.
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