American HealthCare Capital is pleased to introduce a retail pharmacy for sale in Los Angeles, California. The business distinguishes itself from other pharmacies by saving doctors time and offering patients free delivery of prescriptions in as little as two hours of receipt. The pharmacy has experienced steady growth since its inception. They have a focus on podiatry, which has led to higher than average margins.
The pharmacy fills an average of 1,663 prescriptions per month. Their payer mix is 70% Medicare, 30% commercial insurance. Gross revenues in 2018 were $1,902,3030, with adjusted EBITDA of $248,089. In 2019, gross revenues were $2,530,075, with adjusted EBITDA of $471,157. In 2020, gross revenues were $1,993,465, with adjusted EBITDA of $603,595. Even though revenues in 2020 were lower due to COVID, the company became more efficient and operated at a higher EBITDA margin.
There is a full staff, including a Pharmacist in Charge (part owner), all of whom are expected to stay on under new ownership.
The asking price for this opportunity is $2 million.
If you would like to learn more, please contact us for a Confidentiality Agreement that will allow us to share more detailed information with you.