LOS ANGELES COUNTY PHARMACY FOR SALE

A well-established (20 years in this location) pharmacy located in the Walnut Park section of Huntington Park. Located 7 Miles from downtown Los Angeles, this store serves a middle-class trading area of more than 50,000 people. There are the usual mix of competitors in the area.  Sales for FY 2023 were $1MM, on track for $1MM for FY 2024. Average Gross Margins of 35%. Currently filling 25K Rxs annually, primarily dispensing Generics. Store hours are 9-5 M-F, closed nights, weekends, and holidays. 40 hours weekly.

The store occupies 2750 sq. ft. space which includes 250 sq. ft. of storage. Current lease renews July 2025, monthly rent including 3NNN is approximately 6,416.67. Landlord is open to discussing a new, longer lease for a new owner. Required payroll includes 1 FT Pharmacist (The current owner) 1 full time clerk. The staff is experienced and knowledgeable about the customers and the local market. This is an opportunity for a pharmacist to purchase a long-established, profitable store in a desirable and pleasant environment. The pharmacy generates strong profits, and a new owner, with some reasonable marketing efforts and expansion of in-store offerings and programs, will reap the rewards of their efforts.

If interested in this listing, please contact Steve Wagner.

WASHINGTON STATE - THURSTON COUNTY - A well-established and growing pharmacy (34 years in this location, under current ownership for 9 years), in an excellent, high-visibility and traffic location. Located 3 Miles from downtown Olympia, 40 miles from Tacoma, 65 miles from Seattle. The store serves a vibrant trading area of more than 55,000 people. There are the usual chains and a few small independent pharmacies in the immediate area, none that offer the service and selection of this Pharmacy. The store also has strong relationships with local assisted living facilities. It continues to grow steadily and earns strong profits. Sales for FY 2023 were $6.22MM. FY 2024 is on a similar sales track. Strong growth over the past three years due to strong customer service. Gross margins of 16.5%. Currently filling 48K Rxs annually, 7% Cash, the balance paid for by Insurance Plans. 80% Generics, 20% Brands. Store Hours are 9AM-6PM M-F, 9AM-2PM Saturday, closed nights, weekends, and holidays. 50 hours weekly. The store occupies 2900 sq. ft. space, 1700SF for the pharmacy, 1200SF of storage. The current lease expires on 12/31/2025, and has one, five-year option. Monthly rent of $3,425.00. Landlord is open to discussing a new, longer lease for a new owner. Required payroll includes 1 FT RPh/PIC, 1 PT RPh, two full time techs, 1 full time clerk. The staff is experienced and knowledgeable about the customers and the local market. This is an opportunity for an experienced pharmacist to purchase a long-established, highly profitable store in a desirable and pleasant environment. The pharmacy generates substantial profits, and a new owner will reap the rewards of a well-run store that has a strong presence in this marketplace and a great location that has many prescribers in its location, as well as other healthcare resources.

If interested in this listing, please contact Steve Wagner.

VENTURA COUNTY - A well-established (20 years in this location) pharmacy located in central Ventura County. 40 Miles from downtown Los Angeles, this store serves an affluent trading area of more than 100,000 people. Located nearby all local medical facilities and prescribers. The store has strong compounding and specialty healthcare components unique in this marketplace. It continues to grow steadily and earns very high profits. Current sales are $3.084MM, on track to generate $3.2MM++ for FY 2024. Steady growth over the past three years. Gross margins of 27.5% and strong profits due to the compounding practice and specialty immunization programs unique to this pharmacy within the local trading area. Very low operating costs. The store is currently filling 42,000 Rxs annually, 2,300 of which are compounds, all paid in cash, the balance paid by traditional managed care plans. The store is open from 9-6 M-F, closed nights, weekends and holidays. 45 hours weekly. It occupies 900 sq. ft. space which includes 100 sq. ft. of storage. The current lease expires in 2027, monthly rent of $3,075.00. Landlord is open to discussing a new, longer lease for a new owner. The required payroll includes 1 FT Pharmacist (The current owner serves in this position), two full-time techs,1 full time clerk. The staff is 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 purchase a long-established, highly profitable store in a pleasant, suburban environment. This store generates substantial profits after servicing any debt incurred in the transaction. A new owner will reap the rewards of a well-run store that has a unique niche in this marketplace and a great location, surrounded by many prescribers and other healthcare resources.

If interested in this listing, please contact Steve Wagner.