Pharmacies For Sale in California

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CA-11. Ventura County - A long-established, well-known landmark pharmacy located in an upscale suburb of Ventura in the historic center of this beautiful, historic community. Limited competition in the local market, one chain, 2 small independents, this store provides a full service pharmacy experience that is unmatched in the trading area along with an excellent mix of upscale cosmetics, bath and body and gift items. The store did $2.1MM+ in sales in 2007 after being taken over by new management in late 2006. Consolidation and review of customer base by new management have solidified the business. 88% Rx, 12% OTCs, including high end gifts and cosmetics, provide full store margins of approximately 28%++, very high net profit margins. The store is currently filling 30,000 Rxs annually. A good mix of cash, MediCal, Managed Care and Workman's Comp Rxs contribute to strong Rx margins. It is open from 9-6:30 M-F, 10-4 Sat, no nights or Sundays, 53 hours weekly. The store occupies a 4,000 sq. ft. facility, including storage area, in one of the town's prime shopping areas. Current rent is $86K annually, long lease in place with 3 years left, no renegotiation necessary, with 15 years of options after that. The store is staffed by 1 FT pharmacist (the current owner), one part time tech, one full time sales clerk, a front store manager and a PT bookkeeper. There is financing available for a creditworthy and qualified buyer with a reasonable equity contribution. This store provides a unique opportunity to commence to grow now that the customer base has been stabilized. There are significant opportunities in areas such as compounding and DME that can grow the business in a highly profitable manner. The current owner has done much to improve the business in a short period of time, has family concerns that mandate a sale at this time.

CA-2. San Fernando Valley - A long-established, high volume compounding pharmacy located in the heart of the San Fernando Valley, less than 30 minutes from downtown Los Angeles. The store serves a trading area with a population of more than 50,000 people with limited independent competition, no other significant compounders in the immediate area. The store is located on Ventura Blvd., just off 2007 reported sales of $2.14MM, sales have been stable and north of $2.1MM for the last three years. Gross margins of 70%++. The store is currently filling 35,000 Rxs annually, ALL CASH, no third party pay or MediCal. Doing both sterile and non-sterile compounding, HRT, veterinary, etc. 65% of scripts are compounded. The store is open from 9-6 M-F, 9-3 Sat, no nights, Sundays or holidays. 51 hours per week. It occupies a 2,250 sq. ft. space including storage space. Six years left on current lease, including one five year option. Current rent of $5,500.00 monthly. The payroll includes 2 FT pharmacists, 4 FT techs, 2 FT clerks, Marketing rep, PT bookkeeper, driver. All are experienced and knowledgeable about the compounding business, the customers and the local market. There is financing available for a creditworthy and qualified buyer with a reasonable equity contribution. This is an opportunity for an experienced compounding pharmacist to buy into a highly profitable and well established compounding business. This store can provide a significant living for a new owner while paying down debt, will continue to grow with the right person in charge. There are no doubt additional opportunities to grow the business with the proper marketing efforts to the prescriber and referral source community throughout Los Angeles County.

CA-3. Northern California -  A long-established (38 years in this location) apothecary pharmacy located in a beautiful small town in northeastern California. The local population of 2,500 (and growing) is supplemented by many new residents moving to the upscale homes being built in the area. The nearest competitor is 12 miles away, no chain stores for more than 20 miles. Six local physicians and two P.A.s generate an increasing number of prescriptions each year. 2005 reported sales of $1.75MM, up from $1.67MM in 2004. 24% gross profit, 92% Rx sales, 8% OTC. Filled 28,000 Rxs in 2005, 10% cash, 40% MediCal, 50% Managed Care. Limited loss to mandatory mail order, Rx count stable for first three months of 2006. The store is open from 10:00 - 6:00 M-F, 10:00 - 2:00 Saturday, no nites, Sundays or holidays. 44 hours/week. It occupies 2,100 sq. ft. space including 450 sq. ft. of storage space. Ample parking, well located in the down town area. Long lease available with starting rent of $2,400.00 per month, possible real estate investment opportunity for the right person. Fully staffed with knowledgeable and experienced personnel who know the customers and the marketplace well. $150K cash down payment required. This is an opportunity for a young pharmacist, a first-time buyer, to buy into a growth situation in one of the most beautiful parts of Northern California. This store can provide a reasonable/substantial living for a new owner while paying debt, will continue to grow with the right person in charge.

CA-4. San Joaquin Valley - A well-established, rapidly growing full line pharmacy located in a large city in Southern California, just 100 miles northeast of Los Angeles. The store serves a trading area with a population of more than 400,000 people with limited local independent competition, has developed an excellent niche in just two years. 2007 reported sales of $1.7MM, growing at a tremendous rate, will report $3.2MM in 2008. 95%+ Rx sales, full store margins of 32%++ due to strong and rapidly growing compounding business. The store is currently filling close to 5,000 Rxs per month with Rx volume growing monthly. Less than 3% MediCal, 15% cash, the balance Managed Care. Compounded Rxs are at 7% of total and growing rapidly. Serving local hospice and ALF as well. The store is open from 8:30-6:30 M-F, 9-2 Sat, no nights, Sundays or holidays. 55 hours per week. It occupies a 3,600 sq. ft. space including 1,000 sq. ft. of storage space. Long lease in place (20 years - 18 left). Current rent of $7,960.00 per month. The payroll includes 1 FT pharmacist (the current owner), 1 PT pharmacist, 2 FT techs, 2 FT clerks, PT bookkeeper, driver. All are experienced and knowledgeable about the customers and the local market. There is financing available for a creditworthy and qualified buyer with a reasonable equity contribution. This is an opportunity for an experienced pharmacist to buy into a very strong growth situation in a pleasant urban marketplace, one big enough to support this high volume pharmacy. This store can provide a significant living for a new owner while paying down debt, will continue to grow with the right person in charge. There are no doubt specialty opportunities in this market that can provide significant additional sales and profits with the proper marketing efforts.

CA-5. San Francisco - A long-established clinic/apothecary pharmacy located in San Francisco. The store is in a prime location serving local residents in an area with many physicians and dentists. 2006 reported sales of $2.7MM, growing at a very substantial rate, will report $4.2MM in 2007. 97%+ Rx sales, full store margins of 13%++. Currently filling 25,000++ Rxs annually, 11% cash, 24% Medi-cal, 13% ADAP, the balance Managed Care. A significant portion of the store's Rx activity and sales volume are generated with HIV patients and referral sources. The store is open from 9:30am - 6:00pm M-F, closed weekends, nights and holidays. There is a long lease in place at a reasonable base rent. The store is currently fully staffed with personnel who are all knowledgeable about the customers and the local market. There is financing available for a creditworthy and qualified buyer with a reasonable equity contribution. This store is well positioned in this marketplace, has been grown substantially by the current owner during the past two years due to servicing a specialty base of patients. Strong growth rate will continue with involved and committed ownership who understands the needs of the community, patients, payers and prescribers alike. Short hours and reasonable rent keep operating costs low. Exploration of other specialty niches can increase income while the new owner is paying down debt and earning a reasonable return on their investment.

CA-7. Northern California - A long-established apothecary pharmacy located in a pleasant small town in Northern California, 40 miles east of Sacramento and 50 miles north of Stockton. The store is located inside the town's only supermarket, serves a trading area with a population of more than 5,000 people with no local competition. The nearest pharmacies are 8 miles away. 2007 reported sales of $1.48MM, growing at a rate of 7% annually, will report $1.6MM in 2008. 97%+ Rx sales, full store margins of 22%++. The store is currently filling 26,000 Rxs annually, 8% cash, 10% Medi-Cal, the balance Managed Care. It is open from 10-6 M-F, 10-2 Sat, no nights Sundays or holidays. 44 hours per week. It occupies a 500 sq. ft. space including 100 sq. ft. of storage space. Long lease available at starting rent of $1,000 per month. The store is currently staffed with 1 PT pharmacist, 1 FT tech, 1 FT clerk, PT bookkeeper. All are experienced and knowledgeable about the customers and the local market. There is owner financing available for a creditworthy and qualified buyer with a reasonable equity contribution. This is an opportunity for a first time buyer to buy into a growth situation in a pleasant small town marketplace that has no competition, has short hours and is very easy to operate. This store can provide a comfortable living for a new owner while paying down debt, will  continue to grow with the right person in charge. There are no doubt specialty opportunities in this market (such as compounding) that can provide significant additional sales and profits.

CA-8. Northern California - A long-established full line pharmacy located in a pleasant small town in Northeastern California. The store serves a trading area with a radius of ten miles in all directions, no local competition whatsoever, independent or chain. It is located 100 miles northwest of Reno, 145 miles northeast of Sacramento. 2005 reported sales of $2.44MM, steady growth year on year of 5% or more, full store gross margins of 23%, very high net to the owner due to low overhead and no competition. 85% Rx, 15% front store sales including excellent gift department. The store filled 36,344 Rxs in 2005, 14% cash, 35% Medi-Cal, the balance managed care. It is open from 9:30 - 5:30 M-F, Saturdays the retail section only from 9:30 - 4:30, pharmacy closed. No nights, Sundays or holidays. It occupies 3,000 sq. ft. of retail space plus 1,400 sq. ft. of storage space. Ample parking, well located on major local artery, long lease available at reasonable rent or possible real estate investment for the right person. The store is fully staffed with knowledgeable and experienced personnel who know the customers and the local marketplace well. $200K down payment required, financing available for a creditworthy and qualified buyer with a reasonable equity contribution. This is an opportunity for a young pharmacist, a first-time buyer, to buy into a growth situation, build a service business in this pleasant Northern California community. There are certain opportunities that the current owner has not capitalized on. This store can provide a reasonable living for a new owner while paying down debt, will continue to grow rapidly with the right person in charge. If you are ready to leave the big city environment for small town life, this store is for you.

CA-9. Los Angeles - A long-established, high volume clinic/apothecary pharmacy located in a very active and large Medical Center in the southwestern portion of Los Angeles. The store serves a trading area with a population of more than 100,000 people with limited local competition, mostly large chains, all located outside the immediate area of the medical complex. 2007 reported sales of $2.75MM, growing at a rate of 6% annually, should report close to $3MM in 2008. 95%+ Rx sales, full store margins of 20%++. The store is currently filling 43,000 Rxs annually, 3% cash, 20% Medi-Cal, the balance Managed Care. It is open from 9-6 Monday through Friday, no nights, weekends or holidays. 45 hours per week. It occupies a 1,500 sq. ft. space plus some storage space. Long lease available at starting rent of $5,000.00 per month. Need to renegotiate with medical center owners. The store is staffed with 1 FT pharmacist (one of the current owners), 1 PT pharmacist, 1 FT tech, 1 FT clerk. All are experienced and knowledgeable about the customers and the local market. There is financing available for a creditworthy and qualified buyer with a reasonable equity contribution. This store has ample room to be grown by an aggressive owner. It has low operating costs and short hours. There are no doubt some specialty opportunities available in this market and a large physician base which need to be detailed and promoted to grow the business. A hands on operator can earn a significant living while paying down debt.

CA-12. Northern California - A unique opportunity to buy the majority interest in a high volume, two store operation in northern California. Located in the largest city between San Francisco and the Oregon state line, 275 miles north of San Francisco, 100 miles west of Redding, on the Pacific Ocean. This long-established family business (more than 100 years in town, 84 years under continuous family ownership) is the largest independent in this part of the state, currently does well over $12MM in annual sales with two pharmacies, one of which services a number of local long term care facilities as well. The majority owner, a member of the family, wishes to sell his interest to a young pharmacist who will relocate to the area and carry on the strong tradition of high quality customer and health care service that the business is known for. While not ready to completely retire, he feels that an ownership transition at this time would be most effective, and he can stay as an employee to insure a smooth and successful change of shareholders. The terms of this unique acquisition opportunity will be very special for the right buyer.

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