Advert ID:10231 / Type:Joint Venture or Partnership / Sector:Pharmaceutical / Location:California

2.5MM Loan Needed For 3 Retail Pharmacy Acquisition

Opportunity Summary

This is not a startup company, looking to aquire business from a seller looking to retire.  2MM purchase price with 1MM EBITDA.  Well established company.  50% Cap Rate, excellent opportunity.
 

Years Established:
THE OLDEST PHARMACY WAS ESTABLISHED IN 1956 AND UNDER CURRENT OWNER SINCE 1993. THE SECOND PHARMACY WAS ESTABLISHED IN 1975 AND UNDER CURRENT OWNER SINCE 2001. THIRD WAS ESTABLISHED IN 2008. LOCATED INSIDE MEDICAL BUILDING IN NEWLY DEVELOPED AREA OF MORENO VALLEY IN RIVERSIDE. LOYAL CLIENTELE, MEDICAL, MEDICARE, PRIVATE INSURANCES ARE ACCEPTED, OLDER PHARMACIES FILL AROUND 3,000 PRESCRIPTIONS PER MONTH EACH, AND THE NEWEST ONE FILL AROUND 1,200 PER MONTH AND GROWING DUE TO NON-EXISTING COMPETITION AROUND. OPEN 6 DAYS A WEEK. PHARMACIST CAN STAY PART TIME AFTER ACQUISITION PER BUYER’S REQUEST. DME ADDS ADDITIONAL REVENUE. LONG LEASE TERMS. AMPLE PARKING. PHARMACIES CAN ALSO BE SOLD SPARATELY, ONE BY ONE. PER 2008 P&L, HOLDING GROSSED $4,579,209 AND NET WITH ADD BACKS IS AROUND $1,000,000. F
Predicted Sales:
4.5MM
Predicted Profit:
1MM
 
 

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