Brand New Retail Pharmacy

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Retail Pharmacy in a Medical Building Big Price reduction

Business Description

BIG price drop for a quick sale. Located in Arcadia, in a large medical building, on a 1st floor, right at the entrance of the building. All patients have to pass by the pharmacy to get to the building.
It is a brand new pharmacy, not open yet, but will all the licensing prior to close of the sale. Already received the License from Board of Pharmacy.
Early purchase gives great benefit to the buyers, gives them free of overhead time to introduce themselves to the Drs in the building, and create a relationship.
Location is the key element of the sales pitch, because you have advantage over other free standing pharmacies, and it is also located in front of a hospital which also does not have an outpatient pharmacy, so will need to also advertise there to attract all outpatients from there as well. Buyer shall verify all the info on their own.
Price is $295,000.00
Buyer will be receiving a clean, brand new licensed pharmacy, without any headaches. I will guide them through and show them all they need to know, can stay and help them out for about a month in addition to the time that it will take to get the licensing. (This will take me about 3 months, usually takes 6-12 months).
It is all built out, will fill about 10k worth of inventory of all required meds to get them going.
Lease is for 10 years with 3 -5 year options, and rentable space is 510Sqft, at a way below market rate of 2.55 /sqft + 0.60 cents/sqft CAM charger.
Usually going rate for pharmacy space in a building is 3.50-4.00 /sqft.

About the Business

Year Established:
2017
Number of Employees:
3
Real Estate:
Leased
Building Sq. Ft.:
510
Lease Rate/Sq. Ft./Mo.:
$2.55
Lease Expiration:
7/31/2027
Market Outlook/
Competition:
Pharmacy is in a medical building which has 70+ doctors.
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About the Sale

Training/Support:
Will train and stay for about a month.

Listing Info

ID:
1352920
Ad Detail Views:
579
Asking Price:
$255,000

Gross Revenue:
 Not Disclosed
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
$10,000
included in asking price

FF&E:
 Not Disclosed
included in asking price

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Business Listed by
Robert Gevorkian

 Show Phone Number

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