News

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WHO IS CONFLICTED IN PHARMACY SALES?

At Pharmacy Solutions we have always maintained our complete independence from other avenues of revenue associated with the sale of business. There are so many potential conflicts that we have decided it is best to

May 15th, 2018|

WHAT DOES THE PHARMACY SALES MARKET HOLD IN 2018?

The year gone was a busy year for us at Pharmacy Solutions. There were 29 sales and numerous consultancy work – mostly in relation to lease negotiations. I am anticipating that 2018 will be very

May 15th, 2018|

IS THERE VALUE IN A BRAND WHEN SELLING A PHARMACY?

I have thought back through all our sales over the last few years trying to think of a sale that has benefitted the vendor because he belonged to a particular brand and cannot think of

December 11th, 2017|

FRANCHISE AGREEMENTS AND SALE OF BUSINESS

It is common for franchise agreements to contain a clause that requires the franchisee to allow the franchisor to match any offer made when selling a pharmacy. A purchaser needs to be made aware of

December 11th, 2017|

BREAKING A COVENANT DOESN’T HAVE TO SIGNAL THE END

For pharmacists suffering the consequences of PBS changes, help is at hand. As a direct result of the government’s controversial changes to the Pharmaceutical Benefits Scheme, many pharmacists are facing tough times ahead that could

February 6th, 2017|

WOULD YOU LIKE A DOCTOR IN YOUR PHARMACY?

Thanks to a new website and the readily available technology we are all using every day, you can have one. In fact, your customers can now see a doctor in their lounge room, their office,

August 1st, 2016|

IS THE PHARMACY IN THE RIGHT STRUCTURE?

The passing of the New South Wales Government budget has removed stamp duty on business transfers from 1 July 2016. It is therefore timely for every pharmacy owner (whether in NSW or another State) to

July 1st, 2016|

MY WAY OR THE HIGHWAY: EXPANSION OF UNFAIR CONTRACT TERMS LEGISLATION TO SMALL BUSINESS

Beginning in November 2016, provisions in the Competition and Consumer Act 2010 (Cth) originally designed to protect consumers from unfair terms in standard form contracts will be extended to contracts where at least one party

June 10th, 2016|

INDUSTRY CHANGES REQUIRE CHANGE MANAGEMENT

Annette Ivory-Barker, Director, Pitcher Pharmacy Change management is not always easy but the many benefits of the “External Management Accounting” (EMA) program definitely makes it worthwhile. We recognise that to be competitive in today’s environment,

May 10th, 2016|

NEGOTIATIONS VIA EXCHANGE OF EMAILS – CAN THEY AMOUNT TO A BINDING LEGAL CONTRACT?

Whether you are business broker, real estate agent, professional advisor, purchaser or seller of a business or property, often the key terms of the proposed acquisition are negotiated and in turn agreed by exchange of

April 13th, 2016|

STEPPING INTO YOUR BUSINESS’ SHOES – ISSUES WITH SUB-LEASING

1. Introduction Inevitably a core decision for any pharmacy business is where it decides to trade from. When choosing to lease premises the terms of your lease can be critical to the success of your

March 7th, 2016|

FORMULA FUELLED GROWTH

Pharmacies may have experienced super profits and a significant increase in turnover in the past few years due to the demand of baby formula and other health products in China.  Fuelled by domestic  safety scandals

February 5th, 2016|