BizEx527-TP: Medical Building Pharmacy - Orange County
Background:
General Location:
Orange County, CA
Category:
Services > Health, Medical & Dental Retail > Medical Products & Supplies
Years in Business:
2 1/2
Under Present Owner:
2 1/2
Hours of Operation:
M-F, 9:00am-5:30pm
Owner Hours:
Part Time
Training:
10 hours and will be available to answer any questions thereafter weeks, ------- hours/week
Organization Type:
S Corp
Lease Expiration:
August 30, 2014
Lease Options:
Buyer to obtain new lease.
Building Size:
1,000 sqft
Employees:
1 FT; PT
Reason for Sale:
Focus on other pharmacy.
Financials
Asking Price:
$289,000
Down Payment:
Negotiable
Gross Sales:
$459,000
Discretionary Cash Flow:
$117,000
FF&E:
$ 100,000
Inventory Included?
Yes
Inventory:
$ 10,000
Minimum Operating Capital:
$ 15,000
Real Estate Available?
No
Real Estate Asking Price:
$
Rent:
$5,348 /month
Payroll:
Call
Financing:
Call
2012**
2011
Gross Sales
459,000
388,000
Gross Profit
189,000
170,000
Disc. Earnings
117,000^
95,000
* YTD as of 03.31.12, ** = Prorated.
Broker Info
Tom Plotkin
Business Broker
(310) 882-2200 ext 127
LIC# 01895229
Summary
Great opportunity to own a Good Neighbor community pharmacy in Orange County. Well placed in the lobby of an up and coming, state of the art medical building, the new owner may expect near term growth as patient visits to the building climb. Landlord may be lowering the rent soon. Getting in on the ground floor of a new medical building is somewhat challenging for a start-up pharmacy, but now the pharmacy is beginning to thrive since the facility is hosting a 30+ bed medical dialysis care unit, an emergency care unit open until 9pm and at least 18 medical doctors. Now that St. Josephs & Hoag Hospital have joined together to form Covenant Health Network, the pharmacy anticipates additional sales volumes.
Current owner owns and operates another pharmacy nearby and will continue to work with some of the doctors in the building. He wants to re-focus his energy to maintain the success of the other pharmacy and is willing to part with this gem. He will provide guidance and training to the buyer.
- Accepts all insurance including Medicare and Medical.
- Amerisource Bergen is a wholesale supply source.
- Anda is a wholesale supply source.
- PDX is the software solution for the pharmacy.
- Over $100,000 was spent to build-out the pharmacy.
To maximize profit, the new owner will want to operate the pharmacy. Current owner employs pharmacist for 32 hr/wk @ $53/hr for 52 weeks. Total wages $88,192. ^Disc Earnings are before pharmacist's salary. To create more revenue, a new owner will want to operate longer hours M-Sat, offer travel and immunization shots, provide more front items for building staff and visiting patients.
For more information, please visit Bizex.net to complete a Buyer Registration & NDA or call Tom Plotkin @ 310.882.220 x 127 - tplotkin@bizex.net - Lic#: 01895229
DISCLAIMER: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its
accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting
interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.
