Sell My Pharmacy
Selling your pharmacy for top-dollar takes expert planning. PRS will create a clear picture of how to prepare and plan for selling a pharmacy as well as provide the knowledge to help make changes to increase the value of your pharmacy. Since 1982 PRS has helped thousands of independent pharmacies just like yours; Selling a pharmacy shouldn’t be a nightmare and with us, it isn’t.
From pre-planning and finding a buyer through transfer and final closing, you’re not alone. Let’s sell your pharmacy.
PRS offers three services for Sellers: The first is the Seller Prep Plan that will ascertain a pharmacy’s current operations, analyzing how to make improvements that will normalize the potential selling price and provide maximum value to the owner. Next, is the Seller/Buyer Offering Plan that will match the interest of potential buyers to owners interested in selling their pharmacy using a customized, focused marketing plan and PRS’s extensive network of buyers and contacts. Finally, upon the sale of a pharmacy, PRS provides the expertise and support to plan and execute all aspects of the transfer of pharmacy ownership by way of the Closing and Transfer Plan.
Here are the details:
The Seller Prep Plan – We take the time to learn everything possible about your pharmacy and location. We will present you with a list of information we need to properly evaluate your current operation and provide our staff what they need to analyze how to improve operations to maximize the selling price. You would be amazed what a few operational tweaks can do for the value of your pharmacy.
We will then put together a customized “Seller Prep Plan”. Once the pharmacy is ready to sell for top dollar, we move on to the next step.
The Seller/Buyer Offering Plan – Some would refer to this as a brokerage service, but it is so much more. We prepare a “Seller Marketing Plan” with customized marketing pieces that profile the highlights of your pharmacy, its community location, quality of life as well as basic financial data. These pieces are designed to entice potential buyers to inquire for more information about your pharmacy and is distributed to potential buyers in our extensive database. A more detailed marketing and financial package is prepared for those buyers who have been pre-qualified and have a signed Confidentiality/Non Disclosure Agreement with us. We then:
- Present your business to pre-qualified buyers, answer questions, negotiate on your behalf
- Prepare offers for your review
- Once you are satisfied with the offer and a deal has been reached, we work to ensure experienced professionals are engaged throughout the closing and transfer process – accountants, attorneys, bankers.
The Closing and Transfer Plan – Perhaps you have a buyer already and just need assistance on the ownership transfer or after we sell your pharmacy, you want to retain us to handle the transfer process. PRS advises sellers and their representatives how to transition smoothly to the new owner in accordance with current rules and regulations.
We are more than just your typical “brokers.” We are pharmacists and pharmacy experts that can assist throughout the selling process. Remember, each of the above Plans is available separately or as a package. You decide what best fits your needs and we will custom tailor a Plan just for you.
Confidentiality is rule one at PRS; we never share your desire to sell with anyone without your permission. And, yes, that includes your wholesaler and buying group.Let’s Get Started
If you’ve ever thought to yourself “I want to sell my pharmacy but I don’t know how,” PRS has a solution for you!