News

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PHARMACY FRANCHISES – WATCH OUT FOR THE FINE PRINT

With the proliferation of pharmacy "banner group" type franchises over the years, in deciding to adopt a specific franchise brand (e.g. the hypothetical "Kolesworth Super4Less Discount Warehouse Outlet Centre Pharmacy) pharmacist owner Gavan Sconn may

September 24th, 2019|

IS YOUR LEASE AN ASSET OR AN ANCHOR?

Add value to your Pharmacy by getting the lease ready for sale. When considering selling your pharmacy, one area that is constantly overlooked or certainly misunderstood is your lease. Top Three Pre-Sale Leasing Mistakes Telling

September 24th, 2019|

BUYING A PHARMACY? WHY DUE DILIGENCE IS CRITICAL!

Whether you are purchasing your first or fifth pharmacy, it is a significant investment, especially given the high value of pharmacies in Australia. Your priority is to ensure that you are making the right decision,

September 24th, 2019|

KEY AMENDMENTS TO THE PHARMACY LOCATION RULES

There are key changes to the Pharmacy Location Rules (‘the Rules’) which will come into effect from 3 October 2018 and will apply to applications made on or after this date. Key changes The key

July 11th, 2019|

MAKING AN OFFER THE VENDOR CANNOT REFUSE

An Offer to Purchase or Heads of Agreement (“Offer”) is typically the first document provided to a buyer in a proposed pharmacy business sale transaction. It is a common fallacy that all initial Offer documents

September 6th, 2018|

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|