Central-Northern California High Profit Pharmacy

California, CA

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Overview

Year Established
2020
Employees
4 full time and 3 part time
Inventory
$175,000 (Not included in asking price)

Business

Description

Pharmacy for sale in the North Central part of California. This high profit pharmacy fills about 1,500 preions per week and did over $8,000,000 in sales in 2022 with profit of $1,200,000 and is on pace to do $12,000,000 in sales in 2023 with profits of $1,800,000+.

This is not your average retail pharmacy. They do service the community with regular retail s, but then also do high margin specialty preions. The store is run very efficiently with 1 FT RPH/PIC, 1 part time RPH, 2 FT techs, 2 PT clerks and a FT driver. 20% of the business is delivery.

The new Med-i-cal reimbursements have increased profitability at this store significantly and 85% of the business is Med-i-cal. The store opened in 2020 and took advantage of low competition in the area and has grown tremendously. The owners are husband and wife and want to slow down and spend more time with family.

All insurance contracts are in place and the license is clean with the Board of Pharmacy and DEA. It is not everyday that a pharmacy comes up for sale that is profiting $1,800,000 a year. Because of this high profit, we were able to get a pre-approval from a lender for a well-qualified buyer.

The owner also owns the small strip center the pharmacy is located in and would be willing to sell the property as well. The real estate is not included in the purchase price below and would be separate.

Growth Prospects

Potential for a new buyer to come in and learn how to run a highly profitable pharmacy and then replicate this model in other markets.

Sale

Reason for Selling

Retirement.

Training/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. Owner may be willing to work 1-2 days a week for the new buyer but does not want to continue to be the PIC after the sale.

Premises

Facilities

1,000 square foot space paying $2,000 a month which includes NNN.

Location

California, CA

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Ad Id: if1330 | ABM-23115338-40