Hot Listing
San Diego Long Term Care Pharmacy for Sale
Business Description
Long Term Care Pharmacy for sale in San Diego. This pharmacy filled 875 prescriptions per week in 2024 with sales of $4,321,000. Net income was about $225,000 after all expenses including the owner/PIC salary.
Although a non-pharmacist can own a pharmacy in California, we are looking for licensed pharmacist for a buyer since it is easier to get through the Board of Pharmacy application process and lending process as a licensed pharmacist.
This pharmacy specializes in Long Term Care, and specifically Board and Care Homes. They have about 50 homes and 300 beds. 50% of their patients are on Medi-cal, so the guaranteed
new Medi-cal reimbursements have helped the profitability of the store.
Although the store just does LTC, they have 2 NPI numbers and a new owner could add retail while maintaining their Gerimed contract allowing them to buy drugs for the LTC prescriptions for less from the wholesaler.
Rent is only $2,600 a month for the 1,200 sq. ft. store and is locked in at that low rate for 5 years. The location isn’t ideal for retail, but it is in a densely populated area of San Diego, so retail delivery would work well.
All insurance contracts are in place and the license is clean with the Board of Pharmacy and
DEA.
Although a non-pharmacist can own a pharmacy in California, we are looking for licensed pharmacist for a buyer since it is easier to get through the Board of Pharmacy application process and lending process as a licensed pharmacist.
This pharmacy specializes in Long Term Care, and specifically Board and Care Homes. They have about 50 homes and 300 beds. 50% of their patients are on Medi-cal, so the guaranteed
new Medi-cal reimbursements have helped the profitability of the store.
Although the store just does LTC, they have 2 NPI numbers and a new owner could add retail while maintaining their Gerimed contract allowing them to buy drugs for the LTC prescriptions for less from the wholesaler.
Rent is only $2,600 a month for the 1,200 sq. ft. store and is locked in at that low rate for 5 years. The location isn’t ideal for retail, but it is in a densely populated area of San Diego, so retail delivery would work well.
All insurance contracts are in place and the license is clean with the Board of Pharmacy and
DEA.
About the Business
- Years in Operation
- 9
- Number of Employees
- 6
- Facilities & Assets
- 1,200 square foot space paying $2,600 a month. This rate is locked in for
the next 5 years with no increases. - Market Outlook / Competition
- A few other LTC pharmacies in San Diego specializing in Board and
Care Homes. - Opportunities for Growth
- Opportunity to grow the retail, delivery and Assisted Living
Facilities.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 1,200
- Rent
- Not Disclosed
About the Sale
- Seller Motivation
- Seller is wanting to focus on other business ventures.
- Transition Support
- Seller will provide training to help the buyer take over providing a smooth transition while learning the business and its operating activities, gaining and understanding of the customers and vendor partners, and building a working relationship with the employees.
Listing Info
- ID
- 2367153
- Listing Views
- 1129
Listing ID: 2367153 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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