LOS ANGELES COUNTY PHARMACY FOR SALE

A well-established (20 years in this location) pharmacy located in the Walnut Park section of Huntington Park. Located 7 Miles from downtown Los Angeles, this store serves a middle-class trading area of more than 50,000 people. There are the usual mix of competitors in the area. Sales for FY 2024 are on track for $1MM, and an increase is projected for FY 2025 with new offerings that were implemented this year. Average Gross Margins of 35%. Currently filling 25K Rxs annually, primarily dispensing Generics. Store hours are 9-5 M-F, closed nights, weekends, and holidays. 40 hours weekly. The store occupies 2500 sq. ft. space which includes a new 250 sq. ft. consultation room. Current lease renews July 2025, monthly rent is $6,000.00. Landlord is open to discussing a new, longer lease for a new owner. Required payroll includes 1 FT Pharmacist (The current owner) 1 full time clerk. The staff is experienced and knowledgeable about the customers and the local market. This is an opportunity for a pharmacist to purchase a long-established, profitable store in a desirable and pleasant environment. The store was entirely remodeled this year with a new consultation room and many upgrades completed. The pharmacy also implemented a new vaccination program for children 3-18 years. The pharmacy generates strong profits, and a new owner, with some reasonable marketing efforts and continued expansion of in-store offerings and programs, will reap the rewards of their efforts. The Seller is highly motivated and will listen to all reasonable offers for a purchase of the Pharmacy.

If interested in this listing, please contact Steve Wagner.

WASHINGTON STATE - THURSTON COUNTY - A well-established and growing pharmacy (34 years in this location, under current ownership for 9 years), in an excellent, high-visibility and traffic location. Located 3 Miles from downtown Olympia, 40 miles from Tacoma, 65 miles from Seattle. The store serves a vibrant trading area of more than 55,000 people. There are the usual chains and a few small independent pharmacies in the immediate area, none that offer the service and selection of this Pharmacy. The store also has strong relationships with local assisted living facilities. It continues to grow steadily and earns strong profits. Sales for FY 2023 were $6.22MM. FY 2024 is on a similar sales track. Strong growth over the past three years due to strong customer service. Gross margins of 16.5%. Currently filling 48K Rxs annually, 7% Cash, the balance paid for by Insurance Plans. 80% Generics, 20% Brands. Store Hours are 9AM-6PM M-F, 9AM-2PM Saturday, closed nights, weekends, and holidays. 50 hours weekly. The store occupies 2900 sq. ft. space, 1700SF for the pharmacy, 1200SF of storage. The current lease expires on 12/31/2025, and has one, five-year option. Monthly rent of $3,425.00. Landlord is open to discussing a new, longer lease for a new owner. Required payroll includes 1 FT RPh/PIC, 1 PT RPh, two full time techs, 1 full time clerk. The staff is experienced and knowledgeable about the customers and the local market. This is an opportunity for an experienced pharmacist to purchase a long-established, highly profitable store in a desirable and pleasant environment. The pharmacy generates substantial profits, and a new owner will reap the rewards of a well-run store that has a strong presence in this marketplace and a great location that has many prescribers in its location, as well as other healthcare resources.

If interested in this listing, please contact Steve Wagner.

WEST LOS ANGELES COUNTY - A well-established pharmacy, 40 years in this location, under the same ownership. Located 15 Miles from downtown Los Angeles, this store serves an affluent trading area of more than 100,000 people. There is limited competition in the immediate area, the closest Pharmacy, an independent, is 1 mile away. The store is conveniently located to all retail, restaurants, medical and office facilities. Sales for FY 2024 will be approximately $3.3MM, comparable to FY 2023. Prescription sales are 98% Rxs, the balance in front-store merchandise. Overall Gross Margin is 19.6%. Currently filling 32K Rxs annually, with strong generic pharmaceutical dispensing rates. Store hours are 8:30AM-6PM M-F, 9AM-4PM Saturday, closed nights, Sundays, and holidays. 63.5 hours week. The store occupies 1150 sq. ft. space. The current lease expires March 31, 2033. The monthly rent is $7,654.00, 3NNN. Landlord is open to discussing a new, longer lease for a new owner. Required payroll includes 1 PIC, 1 PT RPh, two part-time PharmTechs, 2 PT clerks. The staff is experienced and knowledgeable about the customers and the local market. This is an opportunity for an experienced pharmacist to purchase a long-established, highly profitable store in a highly desirable and pleasant environment. The pharmacy generates substantial profits, and a new owner will reap the rewards of a well-run store that has a unique niche for service in this marketplace and a great location that has many prescribers in its local area as well as other healthcare resources. Motivated Seller needs to retire, has reduced price, will listen to all reasonable offers.

If interested in this listing, please contact Steve Wagner.