Several types of pharmacy fall within this group with plenty of choice of urban and suburban locations. |
These are normally highly attractive to purchasers because they will dispense upwards of 5,000 prescription items per month and are often sold to those with one or two local pharmacies or, if large enough, to multiples. By reorganising or refitting the premises it might be possible to attract more OTC sales. |
Well before the stocktake date, take a detailed look at all of the stock in the shop and bring to the attention of the vendor areas where you are concerned, for example, overstocking of products you would not expect to sell quickly. |
You will probably be taking an assignment of a lease and will therefore need references for the landlord. The trend we found particularly interesting is that after a small drop in the number of pharmacies being sold over the whole period, compared with previous years, the number of sales currently in solicitors' hands and due to complete in the second quarter of 2003 is the highest of the last six quarters. |
A prospective purchaser should consider whether the shop could benefit from longer opening hours. By reorganising or refitting the premises it might be possible to attract more OTC sales. super cheap soma carisoprodol |
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. One hundred businesses is a small sample but, taken as a percentage of all trading pharmacies, it is nevertheless a significant percentage of those that changed hands during the period. |
It is important that they have a local knowledge of your particular area and that you can strike up a good working relationship with them. Your agent should know of several that have dealt with previous sales and purchases in an efficient manner and the right choice will help ensure a fast and smooth transaction. |
True value The true value of a business was referred to above. |
Your agent should know of several that have dealt with previous sales and purchases in an efficient manner and the right choice will help ensure a fast and smooth transaction. |
As a rule of thumb, clearing banks will probably lend in the region of 80 per cent of the true value of a business and possibly also the value of the stock, provided you have security. The relationship between dispensing and over-the-counter turnover is an important one to understand because it not only determines the profit margins that the business will make but, particularly with small businesses, has a bearing on its future security. |
Assuming you have chosen your geographical area, you will need to consider the various types of business on offer. 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. |
Alternatively another look at the classified section of The Journal may be helpful. fedex delivery phentermine ultram half life urinalysis |
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. 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. |
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. |
Our special feature this month looks at the practical, financial and legal aspects of buying a pharmacy business Mr Holland-Brown is Chairman of Orridge Business Sales Limited Although there is risk inherent in buying a pharmacy, it can be minimised by taking appropriate advice and doing plenty of research before making a final decision on what to buy. If you are unfamiliar with employment legislation, you will be well advised to consult a specialist employment lawyer. |
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. |