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So far pharmsol15 has created 208 blog entries.

OUR PHARMACY CHECKLIST, BUILT FROM EXPERIENCE

Your commercial lease is one of the most important business contracts you’ll ever sign. Unless you own the site, if you don’t have a lease you don’t have a pharmacy. It’s more important than a sale contract because, once you’ve paid for the pharmacy, the lease is the necessary contract which creates the value -

FIRST TIMER (AND OTHER) BUYERS – WHERE TO START AND WHAT TO DO

Given the significant sale prices being achieved for pharmacy businesses and the increasing complexity associated with being a proprietor of a retail business, where should a pharmacist start if considering to buy a pharmacy outright or in partnership with another pharmacist? Key Points Below are some key points for a buyer to consider in order

HEADS OF AGREEMENT – IS IT BINDING?

A pharmacist looking to sell or buy a pharmacy business is commonly asked to sign a heads of agreement as a pre-cursor to signing a formal contract of sale of business. A heads of agreement document is an example of a "preliminary agreement", which may also be described by many other names including a "letter

Well Established NSW Pharmacy – Seaside Location! (#2510)

Location: NSW Central Coast Reference: #2510 Price: $2.78M DETAILS: This profitable community strip pharmacy is located on the NSW Central Coast, close to Sydney and Newcastle, specialising in the provision of pharmacy services to aged care facilities, group homes and the aged & disabled in the community. With very reliable and consistent turnover of $3.2M

THINK LIKE A BANKER WHEN SEEKING FINANCE FOR YOUR PHARMACY

Understanding how banks think and behave - and what they look at in a business - is essential for pharmacy owners, says Sigma Financial Services. Proper financing, and an understanding of how banks think and behave, is essential to the survival of your pharmacy business. It is during the good times that you build your

Sydney West Pharmacy for Sale (#2507)

Location: Western Sydney Region Reference: #2507 Price: $1.28M DETAILS: BE QUICK! This is a rapidly growing suburban pharmacy, located in one of Sydney’s highest residential and infrastructure growth areas. This business has had 25% growth in customer numbers during the last two years. Situated in a small neighbourhood shopping centre (essentially a strip location) with

TOP LABOUR COSTS AND RISKS FOR YOUR PHARMACY TO AVOID

For most small retail businesses, wages represent a significant outgoing. In pharmacy, they represent the largest controllable cost. Good people come at a cost but they, along with the owner, represent the goodwill of the business on a daily basis. The ability to retain good staff is a key success factor in any business. (This

NAVIGATING PHARMACY IN A COVID WORLD

The Covid-19 pandemic will have a direct and lasting impact on businesses of all sizes. While the full effects of the pandemic are yet to be seen, the uncertainty of shifting restrictions and snap lockdowns, are resulting in an incredibly challenging time for small business owners, including pharmacy owners. Over the past few months, we

Pharmacy For Sale – NSW Riverina Region (#2501)

Location: South Western NSW Reference: #2501 Price: $1.15M DETAILS: This business would be ideal for a pharmacist seeking a ‘tree change’ opportunity in this great country town. The pharmacy provides very good profitability in addition to wages for an owner/operator and the country lifestyle provides a friendly, laid back and relaxing place to live. The