Great opportunity to invest in a very profitable Retail/Specialty Pharmacy located in Southeastern Ventura County. Established in 2020, this pharmacy is located in a Medical Building with over 19 prescribing MDs, NPs, and PAs.
~ 4100 sq. ft. of space, a new 5+5 lease will be signed with a qualified buyer. All of the major insurances are accepted. 90% of patients are 65yr+, all on Medicare/Medical. PSAO is Health Mart Atlas. Clean license, no Board violations. According to the seller, Medicare DME/DEA/Magellan, CVS Caremark, Humana, Express Scripts, Optum, Blue Shield/Cross, and many others are all in good standing. Open 5 days a week. 1 PIC, 3 staff Pharmacists, 7 techs, 2 clerks, and 2 drivers. Projected Annual Revenue in 2025 is ~ 18 Million, and Net Cash Flow is ~ 1.5 Million. 30% MediCal, 65% Medicare, 5% Private/Cash. The pharmacy currently has a census of 1150 active patients. Well-established relations with Boarding Cares, Hospices, and Home Health Agencies. Parata Max 2 Dispensing Robot is included. High Revenue and high profit margin are attributed to high margin medications like Rinvoq, Enbrel, Humira, Kevzara, Evenity, and a few specialty generics, to name a few.
The Pharmacy is located in a well-established residential/commercial area of Ventura County, with a large number of medical and veterinarian clinics in the area. A strong marketer will be a huge plus, there are multiple medical offices within less than 0.5 miles away from the pharmacy area. A wholesaler is McKesson, along with a few secondaries. RX Software is a RX30. Averages 480 - 500 retail scripts a day. Diversified patient base. PIC may stay during the transition, and, possibly, a short time after the acquisition is finalized, open to negotiation. We are looking for licensed PharmD’s or investors who know the retail pharmacy business.
No Board violations, no litigation [per seller]. Inventory is ~300K, a 3rd party will appraise the entire inventory at the close of escrow. Clean Books, the SBA loan shouldn't be an issue. A proof of SBA required 20% downpayment [800K] will be requested.
Financial Statements, Inventory Count, and any additional information will be gladly presented to qualified buyers during due diligence. The seller is motivated. All of the above information per Seller, please rely on your own due diligence on market conditions and this industry before making any commitment or decision making. **Due to confidentiality, a general pharmacy photo is used in this ad.