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
Location: NSW Central Coast Reference: #2510 Price: $2.55M DETAILS: This opportunity is a great return on investment! You will only be paying a very low multiplier on earnings for this business, and your investment will be fully paid off in just over four (4) years! This profitable community strip pharmacy is located on the NSW
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
Location: Western Sydney Region Reference: #2507 Price: $1.42M DETAILS: THIS BUSINESS IS GROWING RAPIDLY! This is a rapidly growing suburban pharmacy, located in one of Sydney’s highest residential and infrastructure growth areas. This business is on track to achieve 50% growth in customer numbers across the last three years. Situated in a small neighbourhood shopping
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
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
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
It is surprising how often I come across a situation where a pharmacy business has obviously grown over time and operates from 2 adjoining premises which have been linked by the pharmacist creating a large hole in (or indeed removing) the dividing wall. For a prospective pharmacy buyer looking at buying a pharmacy business operating
Location: NSW North Coast Reference: #2489 Price: $2.825M DETAILS: Coastal Pharmacy - NSW North Coast Located in a strong, large town on the North Coast, this pharmacy is ideally situated in a vibrant commercial precinct surrounded by many retailers. The pharmacy offers consistent revenue and rent at 3%. Open 5.5 days a week. This is
Our long experience tells us that there are five fundamentals that can go wrong in a pharmacy business. One of those is motivation and remuneration of staff - but there is another aspect of the staffing equation: productivity. Any form of retail is a 'people' business, and this is more so in pharmacy where purchasers