| Agenda for 2003 The Pharmaceutical Journal Vol 270 No 7246 p578-580 26 April 2003 This article Reprint Photocopy PDF * 130K Features Buying a pharmacy: A guide for the first-time buyer By Nick Holland-Brown, FCIS, FCMI Buying and managing their own pharmacy business is something that recently qualified pharmacists sometimes aspire to, but knowing where to start is often a problem. The best of these are usually close to a doctor's surgery and also have a thriving OTC trade. |
If you have no experience in producing these, consider employing an accountant who has; money well spent here will give your case a much better chance of success. Assuming you have chosen your geographical area, you will need to consider the various types of business on offer. |
As the Office of Fair Trading has made us all too aware, nothing is guaranteed for ever. |
They must also have a low level of dispensing. Finally, make sure you are present during the stocktake so that you can agree with the vendor how to treat any problem stock that the stocktakers identify. |
| It is likely that buying a pharmacy will be the largest and most complicated transaction in which a prospective purchaser will ever have been involved, so choosing one's advisers carefully is essential. ESPs have not been popular with purchasers, but they should definitely be considered by first-time buyers on the grounds that they tend to be cheap to buy, offer a secure, if not enormous, NHS income, are capable of providing a good overall income and are frequently situated in pleasant surroundings. |
Apart from the usual chores of notifying the utility companies and dealing with VAT registration, you must give proper notice to the Royal Pharmaceutical Society and the local health authority.
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The agent will be able to advise you of potential sources of finance and how much you are likely to be able to borrow. |
700,000 and, the larger the turnover, the greater the competition and the more likely for a premium price to be achieved. |
| ) This leaves a band of turnover between . |
Agenda for 2003 The Pharmaceutical Journal Vol 270 No 7246 p578-580 26 April 2003 This article Reprint Photocopy PDF * 130K Features Buying a pharmacy: A guide for the first-time buyer By Nick Holland-Brown, FCIS, FCMI Buying and managing their own pharmacy business is something that recently qualified pharmacists sometimes aspire to, but knowing where to start is often a problem.600,000 available to first- and second-time buyers. |
Assess your staffing requirements for when you have acquired the business, being aware that under the provisions of the Transfer of Undertakings (Protection of Employment) Regulations 1981 (TUPE), you will be taking over the existing employees, complete with all of their employment rights, including redundancy pay, sick pay, holiday pay, notice rights, etc.
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net ) has, on average, details of about 100 pharmacies currently on the market, for example. Ascertain when the rent reviews take place and, if a review is imminent, try to find out, by talking to neighbouring shop owners and local estate agents, what the new rent is likely to be. |
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Gubuge Ludosoniju | Sun Dec 13 15:29:27 MSK 2009
For example, you may be tempted to buy one of the pharmacies offered for sale privately, but unless you seek independent advice you will not know whether it is correctly valued.! tramadol with codeine Thanks for tramadol with codeine
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You will need details of the past performance of the business (which should be available from the vendor's agent), together with profit and cash flow forecasts. Multiples and regional groups with between two and 40 premises, rarely look at businesses with turnovers of less than .! tramadol with codeine Thanks for tramadol with codeine
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They must also have a low level of dispensing. Here again the vendor's agent will be pleased to advise you on the procedures.! tramadol with codeine Thanks for tramadol with codeine
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The number of pharmacies that agents can advertise is limited by the size of their advertisements, so browse through the websites, where you will find brief details of all of the businesses they have to sell, with the exception of those where advertising is restricted by the vendor. Ascertain when the rent reviews take place and, if a review is imminent, try to find out, by talking to neighbouring shop owners and local estate agents, what the new rent is likely to be.! tramadol with codeine Thanks for tramadol with codeine
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