Profitable Retail Pharmacy inside Riverside's Medical Building

Asking Price$3,150,650

Cash Flow
$1,198,060

EBITDA$1,198,060

Gross Revenue$10,560,540

Inventory$195,000
Not included in asking price
FF&E$25,000
Included in asking price
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Profitable Retail Pharmacy inside Riverside's Medical Building


Asking Price$3,150,650

Cash Flow
$1,198,060

EBITDA$1,198,060

Gross Revenue$10,560,540

Inventory$195,000
Not included in asking price
FF&E$25,000
Included in asking price
Business Description
Well-established [2009] retail pharmacy is located in Riverside/Corona of Riverside County, near 91 Highway. Medical Building with over 10 prescribers.

~ 1,500 sq. ft. of space, a new 5+5 lease will be signed with a qualified buyer. Most of the major insurances are accepted. Medicare D, Medical is covering most of the patients. PSAO is the HM Atlas.

Clean license, no Board violations. According to the seller, Medicare/DEA/Medical, CVS Caremark, Humana, Express RX, Optum, Blue Shield/Cross, and many others are all in good standing. Open 5 days a week. 1 PIC, 4 techs, 1 clerk, and 1 driver. Well-established relationship with a few Boarding Care Facilities.

Annual Revenue in 2004 is ~ 7.7 M. Projected Revenue for 2025 is 10.5 M. 70% MediCal, 25% Medicare, 5% Private/Cash. The Pharmacy is located in a well-established residential/commercial area of Riverside, with a few medical and veterinarian clinics in the area. A strong marketer will be a huge plus, there are multiple medical offices in the area. A wholesaler is Cardinal and a few secondaries. RX Software is a Liberty RX. Parata Max Dispensing Robot.

Averages over 300 retail scripts a day. Diversified patient base. PIC may stay during the transition, and, possibly, part-time after the acquisition is finalized, open to negotiation.

We are looking for licensed PharmD’s OR investors who know the retail pharmacy business. Clean books, no Board violation, no litigation [per seller]. Inventory is ~180K - 200K, a 3rd party will appraise the entire inventory at the close of escrow. Lots of OTC stuff brings extra cash flow.

Financial Statements, Inventory Count, and any additional information will be gladly presented to qualified buyers during due diligence. Proof of funds is required. All of the above information is per the Seller. Please rely on your due diligence on market conditions and this industry before making any commitments or decisions. **To ptrotect sellers' confidentiality, a general pharmacy photo is used in this advertising.
About the Business
Years in Operation
16
Employees
5
Facilities & Assets
According to the seller, Medicare/DEA/Medical, CVS Caremark, Humana, Express RX, Optum, Blue Shield/Cross, and many others are all in good standing. Open 5 days a week. 1 PIC, 4 techs, 1 clerk, and 1 driver. Well-established relationship with a few Boarding Care Facilities.
Opportunities for Growth
Averages over 300 retail scripts a day. Diversified patient base. PIC may stay during the transition, and, possibly, part-time after the acquisition is finalized, open to negotiation.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
1,500
Rent
$5,000.00 per month
Lease Expiration
7/20/2028
About the Sale
Seller Motivation
Other Business Plans
Transition Support
Seller will tain and stay furing a transition
Listing Info
ID
2373073
Listing Views
1262

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Business Listed by: Alex Levitan Pacific Business Advisors

Listing ID: 2373073 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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