Determining the Price of Your Pharmacy If I were to sell my Pharmacy, how much would I get? How do I determine the Pharmacy’s selling price? All similar questions with the same answer: you need a Pharmacy Valuation to determine the fair market value for your Pharmacy. The fair market value is like the appraisal of a house or non-Pharmacy business. An Independent Pharmacy Valuation gives you a very good idea of the Pharmacy’s value. The actual selling price is…
Finding the value of a pharmacy is not like appraising any other business. Pharmacy businesses are unique as are the processes and formulas by which they are appraised. Only experienced pharmacy valuation professionals should be determining what your life’s work is worth, but how do you know who to trust. Making matters even more confusing is that most of the information out there discusses “how to value a pharmacy” but very few, if any, advise you on “what not to…
The goal of any pharmacy owner come tax time is to get their net income as low as possible to save on payments to Uncle Sam. Things listed as tax write offs are normal and every business does this including pharmacies so there is no shame in this game. It is a great idea, except when it comes time to find the real value of the pharmacy for sale. Having these items in the mix lowers the income for the…
Should I Sell My Pharmacy to a Chain? So, CVS offered to buy your pharmacy. It looks like a great deal on the surface, but chains have gotten wise about structuring contracts that give the best return on investment…to them. Here are some of the top items to keep in mind when thinking of selling your pharmacy to a chain, especially if they are doing the valuation. Will I be paid in full upfront? Sellers prefer full payment at closing.…