Pharmacies, Drug Stores For Sale
Los Angeles Pharmacy for Sale
Pharmacy in the mid-Wilshire/Koreatown area of Los Angeles for sale. Located in a medical building, this store has been in business for 15 years. This pharmacy does retail preions and has a loyal customer base. The owner is a pharmacist and employs one full time clerk and two part time clerks. The owner is also willing to stay on as a consultant and/or part time pharmacist working 1-2 days a week after the sale(not as the PIC but would work a couple of days a week) which will insure a smooth transition to the buyer. The owner has built a very profitable business and is ready to retire from the day to day or running the business. The pharmacy did $5.45M in sales in 2022 with Owner Discretionary Income of $625,000. 2023 is on pace to do similar sales and about 5%-10% more in profit. Patient base is largely Korean. The employees speak Korean, so the new owner would not need to, but it would help. This is a great opportunity for a pharmacist who wants to buy a highly profitable pharmacy. All insurance contracts are in place and the license is clean with the Board of Pharmacy and DEA.
Asking Price: $1,800,000
Gross Revenue: $5,600,000
Cash Flow: $675,000
Central-Northern California High Profit Pharmacy
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.
Asking Price: $5,300,000
Gross Revenue: $12,000,000
Cash Flow: $1,800,000
South Los Angeles County Pharmacy for Sale
Pharmacy in the south eastern part of Los Angeles County for sale. Located inside a community health clinic, this store has been in business for 29 years. This pharmacy does retail preions only and serves the local community The owner is a non-pharmacist and the business employs 3 rotating staff pharmacists, 2 Part Time Techs and 1 Part Time Clerk/Driver as 25% of the business is delivery. Incredibly low rent at only $1,700 a month. The business profits about $75,000 a year even after paying staff pharmacists to run it, so a pharmacist/owner who took over and worked at the store would make close to $200,000 a year. The pharmacy did $900,000 in sales in 2022 and is growing and on pace to do $1,200,000 in 2023. The pharmacy fills about 350 s a week. Lots of high margin medications and cash patients so this pharmacy is more profitable than others with similar volume. The new Med-i-cal reimbursements have increased profitability at this store as 75% of the business is Med-i-cal. This is a great opportunity for a pharmacist who wants to own their own store without taking all the risk of starting one up from scratch. About 60% of the pharmacy’s business comes from the clinic so there is a lot of potential to market to the surrounding community. This is a nice opportunity for a pharmacist/owner to walk into a $200,000+ job, or for an absentee owner to make some nice passive income since the PIC is already in place and the business is profitable. All insurance contracts are in place and the license is clean with the Board of Pharmacy and DEA. The pharmacy does not full CII’s and CIII-CV are less than 10% of the business.
Asking Price: $395,000
Gross Revenue: $1,200,000
Cash Flow: $100,000
Turnkey Medicine Delivery Service
Specializing in the delivery of medicines from pharmacies to customers, this turnkey business has been growing at a steady rate since its founding in 2017. The business is home based with no operating cost and set procedures already in place. Strong and well established network within the industry, focusing on delivery primarily in the GTA. During the six years in operation, the business has never lost a customer and is known for prompt, reliable, and on-time service. Great growth potential by expanding to cities outside of their current geographical service area. Most business comes from word of mouth referrals and can help contribute to expansion. Amazing opportunity for someone looking to own an easy, turnkey business. A deal like this won’t last long! Listing ID: 3537
Asking Price: Can$275,000
Gross Revenue: Upon Request
Cash Flow: Upon Request