BUYING A PHARMACY

How To Buy A Pharmacy

The idea of owning your own pharmacy and controlling your own destiny is a goal of many entrepreneurs. There are many complex steps to undertake when you buy a pharmacy. In the due-diligence process, you’ll have to answer questions such as what is the value of the pharmacy. How can I finance the purchase of the pharmacy? How much inventory should I carry? How much cash do I need to have on day one to cover my operating expenses? What new markets, if any, should I enter? Is this the right pharmacy for me? Is this the right time to buy a pharmacy? Which pharmacy class-of-trade should I seek?

Business Plan: A comprehensive and detailed business plan will not only answer the above questions but it will also address other very important issues.

Market Condition: One of the most important things to consider when embarking on the journey to buying a pharmacy is to determine if the market conditions are favorable to your success. The prospective buyer must ascertain the level of competition in the targeted service area, barriers to entry, current, and future reimbursement levels, over-all economic outlook, and current and proposed governmental regulations.

Financial Projections: Completing a three-year Pro-forma financial statement is a key element in obtaining financing and/or investors when seeking to buy a pharmacy.

Assumptions: Determining and validating the assumptions used in the buyer’s business plan are essential to laying the foundation for a successful enterprise when you buy a pharmacy.

Understanding how stressful the process of buying a pharmacy can be, the experts at Progressive Healthcare Solutions (PHS) will take on that stress and guide you through the entire process from identifying a pharmacy to buy, conducting a detailed and comprehensive due-diligence all the way to making an offer and closing the deal.

To enlist the assistance of our experts when you are ready to buy a pharmacy, please call us at (800) 996-0975 or fill out the contact form below:

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Your Business. Your Future

Why Choose Us

  • More than 30 years of experience
  • One-stop pharmacy consulting firm
  • We’ll identify opportunities to increase profit margins
  • We’ll help uncover operationally bottlenecks costing you time and money
  • We’ll help build a plan to increase cash flow

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PHS.

Growing your profits without sacrificing care.

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Suite 300
Dublin, OH 43017