Well established [1990] Retail Pharmacy located in the commercial area of Rancho Cucamonga/Upland/Los Olivos, San Bernardino County. Located inside a medical building, with a few medical offices and a large Regional Hospital in proximity. Currently, one PharmD/PIC and one tech are running the pharmacy.
Rare opportunity to buy a property as well! Comps show the value of that medical condo at ~ 480-500K. Do not waste money on the lease. Pay yourself and build the equity!
All major insurances are accepted. Medical, Cigna, Express Scripts, CVS/Caremark [application pending], Elixir, Med-Impact, Humana, Kaiser for LTC and Nursing Facilities, and many others. Cardinal is the wholesaler. RX Software is Digital RX. The pharmacy is about 1,000 sf. The lease expires on 8/2030 and has options to renew. The lease is assignable to a new qualified buyer.
Averages 70 scripts a day. Annual Revenue is ~ 1.2M. Over $50K was spent on tenant improvements. Save time and headaches when opening a new Retail Pharmacy and applying for all insurance. The business is marginal; consider it as an asset sale. PIC may stay if needed for a reasonable amount of time. NO marketing has yet been done.
Great opportunity to reach out to local RCFEs, LTCs, and Assisted Living Facilities, etc. Excellent lease terms and options. Open 5 days a week. All licenses and insurance contracts are in good standing. Busy traffic area, one of the major intersections in the 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 is per the Seller; please rely on your own due diligence on market conditions and this industry before making any commitment and decision making.