Listings
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Central Coast Region - A long-established (27 years) full line, full service pharmacy located in a lovely small town on the California coast. Located halfway between San Francisco and Los Angeles, 30 miles northwest of San Luis Obispo, this store serves a trading area with a population of 7,500 people, only one other local independent competitor, no chains at all in this marketplace. 12/31/09 reported sales of $1.55MM, stable full store margins of 27%, 80% Rx sales. The store is currently filling 25,000 Rxs annually, 11% cash, less than 1% Medi-Cal, the balance Managed Care. It is open from 9-5 M-F, 10-4 Sat and Sun (no pharmacy hours on Sunday). 52 hours weekly. It occupies a 2,000 sq. ft. retail space plus 500 sq. ft. of storage. Current lease expires in 2013. Base rent is $4,633.00 monthly including taxes and insurance. The required payroll includes 1 FT pharmacist (a new owner), 1 PT pharmacist, 1 FT tech, 2 FT clerks, PT bookkeeper, driver. Current staff are all knowledgeable about the customers and the local marketplace. There is financing available for a creditworthy and qualified buyer with a reasonable equity contribution. This is an opportunity for a young pharmacist with limited capital to purchase a well established pharmacy located in a very pleasant small town marketplace that has plenty of room to grow with hands on owner management. There are no doubt specialty opportunities in this marketplace, such as compounding and HME, that could help grow the business, along with longer hours and a more aggressive marketing approach.
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Central California - A long-established (46 years), full line pharmacy located in a very scenic part of Central California, at the base of scenic Sequoia National Park. 70 miles southeast of Fresno, 100 miles northeast of Bakersfield, this business serves a trading area with a permanent population of 2,500 people and a large and active tourist/visitor population who come to this area for the great outdoor sports activities, hiking, fishing and hunting. There is no competition whatsoever within 20 miles of this location. 12/31/10 reported sales of $1.45MM, stable full store margins of 22%++. 90% Rx sales, high margin front end business of private label merchandise, souvenirs and tourist items. The store is currently filling 24,000 Rxs annually, 10% cash, less than 2% Medi-Cal, the balance Managed Care. It is open from 9-6 Monday-Friday, no nights or weekend hours whatsoever. 45 hours per week. It occupies a 2,000 sq. ft. retail space including 225 sq. ft of storage. The current base rent is $1,550.00 monthly, lease runs through 6/13, landlord willing to discuss longer lease with a new owner. The payroll includes one full time tech and one full time clerk. The owner serves as the full time pharmacist. There is financing available for a creditworthy and qualified buyer with a reasonable equity contribution. This is an opportunity for a young pharmacist to own his or her own business and relocate to one of California's most scenic and pleasant small towns. This business can provide a reasonable living for a new owner who wants to work limited hours and enjoy a wonderful lifestyle in a pleasant environment, experiencing the positive aspects of small town life.
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Hollywood - A well-established full line pharmacy located in a very busy and populous area of West Hollywood. This store serves a trading area of more than 25,00 people within close proximity/walking distance. There is limited chain competition in the area, mostly small independents. The location is centered between what is known as "Little Armenia" to the south and "Thai Town" to the north, close to the large Kaiser Permanante facility on Sunset Blvd. 12/31/11 sales of $1.67MM, full store margins of 30%++. 98%++ Rx sales. The store is currently filling 22,000++ Rxs annually, 10% cash, 30% Medi-Cal, the balance traditional Managed Care plans. It is open from 10-6 M-F, no weekends, nights or holiday hours. 40 hours weekly, a true one shift operation. It occupies a 2,300 sq. ft. space including storage in a small shopping center. The current base rent is $90K annually including CAM charges. The landlord is open to negotiating a new lease with a new owner. The required payroll includes 1 FT pharmacist, 1 FT tech, 1 FT clerk and a part-time driver. All current personnel are knowledgeable about the customer and the local market. There is some 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 perhaps, to own his or her own business, earn a reasonable living and a good return on investment in this easy to manage store. The current owner is absentee. This store needs hands on ownership and some reasonable marketing efforts, attention to specialty segments, in order to grow the business. The buyer can earn a nice living while paying down debt and working to grow the business.
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Eastern California - A long-established (42 years in this location) full line pharmacy and general merchandise store located in a small town in eastern CA. 200 miles northeast of Los Angeles, 200 miles west of Las Vegas, 170 miles from Bakersfield, this store serves a trading area of more than 4,000 people, is the only pharmacy within 60 miles, no competition whatsoever, chain or independent. This popular tourist destination is at the base of the tallest mountain peak in the contiguous United States. Climbers from all over the world visit this community and its premier ski resorts, plus great hunting and fishing, hiking, fabulous Sierra mountain scenery. The area has the most film history of any city in the U.S. and is a frequent location for commercial and theatrical film production, more than 200 days per year. The store is a unique business, provides pharmacy services and a full line of general and seasonal merchandise to the local marketplace. 12/31/09 reported sales of $2.3MM, stable full store margins of 21%++, steady growth trends for the past three years, will report $2.45MM in 2010. 85% Rx sales. The store is currently filling 23,000 Rxs annually, 20% cash, 7% MediCal, the balance managed care. No closed door, specialty or compounding whatsoever. The pharmacy is open from 10-6 five days only, 40 hours per week. Retail hours are 9-9 Monday through Saturday, 9-5 on Sunday. It occupies a 4,000 sq. ft. retail space plus 1,000 sq. ft. of storage. There is a long lease available, starting base rent of $3,000.00 per month, possible real estate investment for an interested party. The store owner owns the building as well. The payroll includes 1 FT pharmacist (the current owner), 3 FT clerks, 1 PT 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 is an opportunity for a young pharmacist to purchase a long-established and very profitable business in a pleasant small town with no competition whatsoever. This store can provide a substantial living for a new owner while paying down debt. The opportunity to purchase the real estate as well is an added attraction.
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Los Angeles - A long-established (18 years) specialty pharmacy located in the heart of Los Angeles. This store is one of Los Angeles' premier specialty pharmacies serving HIV-positive patients, has a long-standing reputation of providing the highest level of patient care and customer service in the area. Despite the competition for this customer segment, the store continues to grow year on year and earns very significant profits for its owner. FYE 7/31/11 reported sales of $7.456MM, up 1.5% from the prior year. Strong growth in the current fiscal year indicate that the business will report $8MM in the FYE 7/31/12. Gross margins of 31%, consistently reported. $1MM++ net profits after all expenses and payroll costs. The store is currently filling 30,000++ Rxs annually, all high value HIV medications and other products required by this patient sector. It is open from 8-6 Monday - Friday, no weekend, night or holiday hours. 50 hours weekly. It occupies a 2,700 sq. ft. space that includes 1,000 sq. ft. of office and storeroom space. Current base rent is $11,000.00 monthly. Two years left on existing lease plus two five year options to renew. The payroll includes 2 FT pharmacists (one of whom is the current owner), 2 FT techs, 2 FT clerks, FT bookkeeper, driver. All personnel are experienced and knowledgeable about the customers and the local market. Asking price is $3.5MM plus inventory. There is bank financing available for a creditworthy and qualified buyer with a minimum $500K equity contribution. This is an opportunity for an experienced operator to buy a highly profitable and well-established specialty pharmacy. This store has an unbroken twelve year track record of growth in sales and profits, has delivered 7 figure net profit for its owner for the past three years with no apparent reduction in profits, steadily increasing sales. For an owner currently involved in the HIV market this business will add to your marketshare and purchasing power or, for a first time buy who has the capital and experience, will provide a significant living and return on investment while paying down debt. If interested in this listing, please This e-mail address is being protected from spambots. You need JavaScript enabled to view it . |


