Asking Price
$695,000
Gross Revenue
$4,321,000
Cash Flow
$225,000
Overview
Business
Description
Long Term Care Pharmacy for sale in San Diego. This pharmacy filled 875 preions per week in 2024 with sales of $4,321,000. Net income was about $225,000 after all expenses including the owner/PIC salary.
This pharmacy specializes in Long Term Care, and specifically Board and Care Homes. They have about 50 homes and 300 beds. 90% 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 preions 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.
Growth Prospects
Opportunity to grow the retail, delivery and Assisted Living
Facilities.
Sale
Reason for Selling
Seller is wanting to focus on other business ventures.
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.
Premises
Facilities
1,200 square foot space paying $2,600 a month. This rate is locked in for
the next 5 years with no increases.
Location
San Diego, CA
Contact The Seller
Listed by:
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