THE KEYS TO SUCCESSION
The completion of a succession plan rests firmly with the seller’s ability and willingness to introduce a partner and the buyer’s ability to enter ownership in a profitable business with empathy for the seller and
SHOPPING CENTRE LANDLORDS; TOO MUCH POWER
I have recently been involved in a number of lease negotiations involving shopping centre landlords and I have noticed a significant change in the way that these landlords are now conducting negotiations with their pharmacy
PHARMACY – THE PERFECT STORM ARRIVES
Converging influences arrived in 2011 to create the “Perfect Storm” in the pharmacy industry with dire consequences for a number of pharmacy owners. For the first time in our experience there are a relatively large
UNFAIR DISMISSAL UNDER THE FAIR WORK ACT 2009
Employers should be aware that unfair dismissal applications are able to be commenced more easily under the Fair Work Act 2009 (Cth) (‘the Act’). The 100 employee exception under the WorkChoices regime was abolished when
PHARMACY LOCATION RULES – FURTHER PROTECTION FOR THE PHARMACY INDUSTRY
The release this week of the much anticipated changes to the Pharmacy Location Rules has ended speculation circulating in the marketplace that long re-locations would go. To utilise the existing long distance relocation rules (rule
Market Review August 2011
Pharmacy Solutions is currently engaged in selling about 30% more pharmacies than we would normally anticipate at this time of the year. We believe this increase is due to the culmination of a number of
PRESERVING YOUR FINANCIER RELATIONSHIP
Over the last few years Ferrier Hodgson has been engaged by a number of financiers and pharmacists to conduct business reviews, provide business health checks and make recommendations on the options available to them, when
WHAT IS THE VALUE OF YOUR PHARMACY?
The value of your Pharmacy whether selling the entirety, selling a share or re-financing is a critical element of any deal with the financial institution that you or a potential purchaser of your business uses.
THE EFFECT OF A RECENT AMENDMENT TO THE RETAIL SHOP LEASES ACT 1994 ON MY PHARMACY LEASE
On 4 April 2011, amendments were made to the Retail Shop Leases Act 1994 (“Act”) that can greatly benefit Retail Shop Lease holders when they renew their lease or enter into a new lease. Section
THINK LEASE IN ADVANCE OF SELLING
It is always important to consider your lease well in advance of any plans to sell your pharmacy. With a lease in place that suits the needs of the purchaser you can expect to maximise
PERSONAL PROPERTIES SECURITY ACT
Recently there have been some significant changes to the world we live in. Australia has been losing in the cricket, Collingwood has been winning football finals and NSW is no longer run by a Labour
THE PHARMACY MARKET ENTERS A NEW PHASE
Lots of pressures are hitting the pharmacy market at the one time and all will cause downward pressure on margins which in turn may affect the sale prices of pharmacies in the future. The recent