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.
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 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.
