Selling Your Pharmacy

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Ten Steps to Selling a Pharmacy

Here are the ten basic steps in the selling process and the estimated completion time and documents needed for each step. Step 1: Pharmacy Valuation Process  Accurately determine the value of the pharmacy. A valuation is just another word for appraisal. Documents: Two to three years of accurate financial statements, which are then recast, or normalized, to remove the expenses a new owner will not have. Two to three years of tax returns Recent inventory Estimated value of equipment, fixtures…

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How to Sell a Pharmacy

So, you’ve decided it’s time to sell your pharmacy? Take a few deep breaths and remember selling your pharmacy can be a stressful process and you need to be as prepared as possible going in. Missing one of the critical steps or small details could cost you and the buyer money and time. In this article we will cover the ten basic steps in the selling process to give you an idea of what to expect. By no means is…

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Selling to a Chain is the Easy Road to Big Bucks, Right. Not So Fast.

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.…

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