A unique opportunity to invest and operate a Retail Pharmacy, established over
30 years ago in the residential/commercial area of Pasadena, Los Angeles County,
conveniently located near the 210 Highway. Currently, there is one PharmD, two
technicians, and two clerks running the pharmacy. All major insurances are
accepted. Medical, Medicare, Cigna, CVS/Caremark, Express Scripts, Humana,
OptumRx, and many others. Cardinal is the wholesaler. RX Software is RX30.
Well-established relations with multiple prescribers in the area. The pharmacy
is about 1,500 sf. The lease is negotiable and has options to renew. The lease
is assignable to a new qualified buyer. Over $50K was spent on tenant
improvements. Inventory valued at approximately $150,000 is not included in the
price and will be appraised before the close of escrow. Compounding area with
compliant and certified equipment. PSAO – Leadernet. Averages 300 scripts a day.
The Pharmacist may stay for a reasonable amount of time, as needed, to ensure a
smooth transition and introduce patients to the new owner.
Not much marketing has yet been done, a loyal customer base keeps the owner
busy. Great opportunity to reach out to local RCFEs, LTCs, and Assisted Living
Facilities, etc. A growing community of retired people and young, well-insured
professionals in the area.
Excellent lease terms and options. Open 5 days a week, a new owner can open it
on Saturdays and extend hours, thereby increasing the revenue. All licenses and
insurance contracts are in good standing. Busy traffic area, one of the major
intersections in the Pasadena area.
Financial Statements, Inventory Count, and any additional information will be
gladly presented to qualified buyers during due diligence. Proof of funds is
required. Seller is motivated. All of the above information, per Seller, please
rely on your own due diligence on market conditions and this industry before
making any commitment and decision making.
Alex Levitan 747-203-0781
