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Pharmacies For Sale in California

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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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Last modified:
March 09, 2010

All financial information about pharmacies listed and buyer's qualifications are representations of the principals, and are not guaranteed in any way by Buy-Sell A Pharmacy.com. Buyers and Sellers are urged to perform all necessary due diligence through whatever means they are most comfortable with prior to entering into a transaction to buy or sell any pharmacy listed on this web site.
 
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