When purchasing a pharmacy, the buyer must consider several key aspects before making the final decision on the value that the business presents to them. Understanding these aspects and incorporating them into the purchase decision is fundamental to the long term viability of the pharmacy, especially in the current business environment.
Retail pharmacy has become a very competitive environment which is unduly exposed to high rentals and threatened by a continual ratcheting of the PBS. Where will prices of pharmacy head in the future? Certainly there are unknowns that are difficult to factor in, but with the volume of loan delinquencies it will take banks sometime
Selling your pharmacy, which is often your largest asset and also perhaps even your retirement purse, is a very large decision. When is the time right for such a move? There are many considerations that go into the decision to divest interest in a pharmacy. One of the key ingredients is the prevailing market conditions
The 2012/13 financial year has provided many challenges for pharmacy. It has also seemingly laid the road map for pharmacy moving forward. Challenges bring out the best in people and there has been many pharmacists working extremely hard to overcome the issues presented and continue to thrive in pharmacy as it remains a strong industry.
Pharmacy Solutions Australia is well placed to comment on what is happening to the prices of pharmacies across the country. We have offices in Melbourne, Sydney and Brisbane and have operated as independent pharmacy business brokers for almost 20 years and transact between 25 and 35 pharmacies per annum. It is now the reality that
It is not helpful for the pharmacy industry that there are a couple more groups now in (and about to be in) receivership. As I wrote a few months ago there is pain to be felt this year, but unfortunately this pain is going to be felt by all in the pharmacy industry (not just
It is evident that survival in the current turbulent times requires a great deal of vigilance on all aspects of your pharmacy business. Extra care with staff costs, greater discipline in your buying and not entertaining any unnecessary expenses are the start of keeping your pharmacy profitable. The one area that continues to be the
I hope the festive season was relaxing and that you are ready for a busy 2013. This year will continue to pose challenges, (as have the last few), but if these are met with a willingness for change, an eye for detail and a positive attitude – the pharmacy business will continue to provide solid
Another year is almost behind us and it has been a year of significant change for the pharmacy industry with the effects of price disclosure starting to be felt by all pharmacy owners. This year has had many owners considering their future in the pharmacy industry with many colleagues, in a similar age bracket to
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 tenants.