4/25/2023 The sad fact is that many if not most pharmacist-owners do not spend enough time getting ready for what will probably the single biggest liquidity event of their lives. We understand why that is.
4/11/2023 Good accounting matters a lot when you’re thinking of selling your pharmacy business. Any smart potential buyer will go over your books with a fine-toothed comb, and if your accounts don’t pass the sniff test, then shoddy accounting could derail the sale of your business – and your plans for life after pharmacy ownership.
3/28/2023 The way you as a pharmacist-owner think about the evolution of your business can make a big difference before, during and after it comes time to sell.
2/13/2023 In our series of blogs about benchmarking, we’ll discuss the best ways to answer a couple of vital questions about your pharmacy business: How much should you be spending on wages? And how do you know if your pharmacy’s departments – front-of-store and dispensary – are profitable enough?
1/30/2023 Bad accounting practices are just, well, bad – for your business and for its value when it comes time to sell. If your books are unreliable, a potential buyer is going to look askance at your pharmacy and wonder what else is wrong.
1/17/2023 We have been helping pharmacist-owners sell their businesses for decades now, and we have often been surprised that the one part of their operations to which they are closest – the dispensary – is also one to which they pay the least attention in terms of measuring performance.
12/14/2022 After a tumultuous 2022 investment year underscores the need to clean up your investment pantry for tax-loss selling purposes.
12/7/2022 When the day comes to start thinking about selling their business, a pharmacist-owner usually hopes that the transaction will be their big step towards realizing dreams of financial and personal independence. So, why does selling a pharmacy often turn into a nightmare?
11/30/2022 Most pharmacist-owners are more concerned with running their businesses than with planning how to get out of them. Yet inevitably, the day will come when you realize it is time to turn the equity in your pharmacy into capital.
10/26/2022 Obviously, rising interest rates are a challenge for any business owner, and to pharmacist-owners who have been preparing to sell, the new rate environment might seem like very bad news. But that is no reason to give up on trying to maximize the market value of their pharmacies.
10/19/2022 Would-be pharmacist-owners are finding that the days of cheap borrowing costs are waning. So, are existing pharmacist-owners in the process of refinancing as the terms on their mortgages come due?
9/28/2022 As with accounting and legal resources, planning to sell your pharmacy provides an opportunity to re-evaluate your financial advice and confirm that you have the right advisor.
