Community Pharmacy - WLA Area - Asset Sale

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Background

BizEx ID:BizEx1233-TP
General Location:Los Angeles, CA
Category: Retail
Health, Medical & Dental
Years in Business:32
Under Present Owner:20
Hours of Operation:M-F 8:30am - 7:00pm SAT 9:30am - 2:00pm
Owner Hours:40 Hours Plus
Training:2 weeks @ 20/week hours
Organization Type:S-Corp
Lease Expiration:April 30, 2020
Lease Options:2 Five Year Options
Building Size:1500 sf
Employees:12
Reason for Sale:Retirement

Financials

Asking Price:$2,700,000
Down Payment:$2,700,000
Gross Sales:$9,093,388
Discretionary Cash Flow:$2,000,000
FF&E:$30,000
Inventory Included?No
Inventory:$100,000
Min. Operating Capital:$500,000
Real Estate Available?No
Rent:$6,900

2018 2017 2016
Gross Sales $ 9,093,388 $ 9,603,145 $ 9,768,556
Gross Profit $ 2,828,442 $ 2,980,362 $ 2,885,943
Disc. Earnings $ 2,000,000 $ 2,000,000 $ 2,000,000

Description

Thriving Community Pharmacy located in a high traffic area anchored by a Major Medical Building now available.  This active pharmacy has been in the same location for over 32 years.  The current owner has owned and operated the pharmacy for the last 20 years providing service to many of the 80 physicians in the pharmacy building in addition to servicing nearby UCLA and St. Johns Hospitals.

Seller requires Proof of Funds prior to sharing detailed information.  Non-refundable deposit required when opening Escrow.  If Buyer is not an all cash buyer, Buyer will need to provide a non-contingent approval from a known lender.                                 

  • Pharmaceutical Wholesaler - AmeriSource Bergen
  • Suppliers Include: Anda, Cardinal Health & HD Smith
  • Participates in Managed Care Network for 3rd Party Contracting
  • Member of Buying Groups. Monthly Rebates Received from Buying Group
  • Long-Term Care - Monthly Rxs - 1150 
  • Active OTC and Front business.
  • Software - Digital Rx

Non-Sterile Low-Risk Rx's - 300+ per month

  • USP 795/797 compliant and working towards USP 800 Compliance
  • Suppliers are PCCA and Letco - Referenced recipes obtained from PCCA
  • Compounding Mix of Business - HRT - 60%, Topical - 20% Pain Management - 20%
  • Third Parties are not billed for Compound Rxs

For more information, please visit BizEx.net to complete the online Buyer Registration & N.D.A. Contact: Tom Plotkin at 310.882.2200 x 127 - tplotkin@bizex.net - Lic#: 01895229

 

 

 


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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.




Tom Plotkin
Business Broker / M&A Advisor
4551 Glencoe Ave., Suite 210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 127
Direct: (818) 585-4215
Lic#: 01895229

Logos Member of the California Association of Business Brokers Member of the International Business Brokers Association Member of the M&A Source Holder of the Merger & Acquisition Master Intermediary designation, M&A Source's highest qualification Holder of the Certified Business Intermediary designation, IBBA's highest qualification Holder of the Certified M&A Professional designation from Coles College Trained by the National Association of Certified Valuators and Analysts to conduct business valuations