Community Pharmacy - SE - LA County

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Background

BizEx ID:BizEx1295-TP
General Location:Baldwin Park, CA
Category: Retail
Health, Medical & Dental
Years in Business:21
Under Present Owner:21
Hours of Operation:M-F - 9:00 am - 6 pm
Owner Hours:Varied
Training:2 weeks @ 20 hours
Organization Type:S-Corp
Lease Expiration:Month to Month
Lease Options:Landlord agreeable to new pharmacy lease.
Building Size:1400
Employees:8
Reason for Sale:Retirement

Financials

Asking Price:$600,000
Down Payment:$600,000
Gross Sales:$554,057
Discretionary Cash Flow:$149,472
FF&E:$70,000
Inventory Included?No
Inventory:$75,000
Min. Operating Capital:
Real Estate Available?No
Rent:$2,500
Payroll:$13,436
Financing:SBA

2019 Pro-rated 2018 2017
Gross Sales $ 554,057 $ 676,182 $ 794,693
Gross Profit $ 348,298 $ 417,289 $ 393,318
Disc. Earnings $ 149,472 $ 190,097 $ 168,392

Description

Here's an excellent opportunity to purchase a Community Pharmacy established over 28 years ago with pro-rated 2019 sales projected to be $554,057.  

The non-pharmacist owner is retiring.  The staff, including the PIC, are expected to continue working for the new owner if desired. In 2019, the Pharmacists' salaries totaled $94,500 and total paid to clerks and technicians was $81,082.  The last Board of Pharmacy inspection was on June 28, 2019.

Wholesalers include:

  • Anda, Par.Med
  • Valley Wholesale
  • HD Smith and McKesson

All major insurances accepted including:

  • Medi-Cal 
  • CVS Caremark   
  • Optum Rx  - Express Scripts
  • Argus - Humana-D
  • Aetna

Software: Cerner Etreby [SQL]  -  Windows 10

For more information, please visit Bizex.net to complete the 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