Pharmacy Brokerage
As previous Pharmacy Owners and Pharmacists, we understand the decision to buy or sell a pharmacy can be a difficult and emotional time. This is especially true for someone who has worked hard to personally build a pharmacy practice only to make a decision to sell it to someone who may have been considered a competitor. Our team members have the background and experience that includes owning, operating and selling four pharmacies, being involved in the purchase or sale of over fifty pharmacies throughout New England, and working at the Director of Pharmacy level for two chain pharmacies buying independent and small chain pharmacies. With this valuable experience, we can help you decide whether to buy or sell a pharmacy, as well as optimize your decision.
Specifically, our pharmacy brokerage consulting service includes the following:
- A complete store assessment including prescription volume, competitive demographic and financial analysis for a purchase or sales portfolio.
- The development of purchase and sales strategy options to include a buyer to purchase and operate or file purchase only.
- The negotiations with buyer/seller and attorney to closure with particular focus on the details of the purchase and sale agreement.
- To oversee the inventory of store on day of closing to ensure:
- pharmacy and front store items are accurately counted
- insure accurate cost pricing and category placement
- validation of all inventory counts prior to signing final agreements
- negotiation of employment agreements
Samples of Recent Pharmacy Sales
| Sq. Feet | Location | # Rx/week | $/year | Sale Price |
|---|---|---|---|---|
| 800 | City | 625 | 1.8 million | $225,000 + Inventory |
| 1000 | Metropolitan/City | 750 | 1.2 million | $185,000 + Inventory |
| 4500 | Suburban | 2700 | 7.5 million | $2.2 million + Inventory |
| 5000 | Suburban | 950 | 2.5 million | $445,000 + Inventory |
| 1500 | Seasonal Suburban | 1000 | 1.5 million | $325,000 + Inventory |
| 1200 | Rural | 450 | 820,000 | $184,000 + Inventory |
| 2500 | Rural | 850 | 3.2 million | $325,000 + Inventory |
| 6000 | Rural | 650 | 2.2 million | $425,000 + Inventory |