| A prospective purchaser should consider whether the shop could benefit from longer opening hours. |
Multiples and regional groups with between two and 40 premises, rarely look at businesses with turnovers of less than . 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. |
| 700,000 and, the larger the turnover, the greater the competition and the more likely for a premium price to be achieved. They must also have a low level of dispensing. |
Our website ( www. These businesses are often easier to finance than smaller ones and it is not unknown for businesses with annual turnover in excess of . |
| Your agent will be able to tell you which schemes are on offer and which banks are currently keen to lend. |
A quick look at the classified advertisement section of The Pharmaceutical Journal will identify a selection of agents of all sizes and in various locations. |
| 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. |
They must also have a low level of dispensing. |
| If you are unfamiliar with employment legislation, you will be well advised to consult a specialist employment lawyer. Although the first three months of 2003 have probably been the most uncertain I have known in my 35 years at Orridge, it is interesting to look at the statistics for that period and compare them with 2002 and prior years, remembering that in 2002 we were all aware of the impending OFT report. |
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. It could be possible to stay open while the doctor's surgery remains open or to stay open at lunch time. |
| If the premises are leasehold, ensure that the lease offers enough security of tenure to satisfy your financier. |
Pick ones that cover the geographical area in which you are interested (some operate nationally) and telephone them for a chat.pharmacysales.
valium ready clean detoxify reviews of phentermine for weight loss |
| These businesses are often easier to finance than smaller ones and it is not unknown for businesses with annual turnover in excess of . |
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. From a total of 100 sales effected by Orridge Business Sales Ltd in 2002 and, so far in 2003, prices seem to be holding up remarkably well. |
| True value The true value of a business was referred to above. It may be possible to secure the business for less than the asking price, but if there is plenty of interest it may be necessary to offer 10 per cent or more above the advertised price. |
Since you are unlikely to have a track record with suppliers, you will have to rely on a bank reference and possibly character references, so strike up a good relationship with your bank as soon you can. Offer and legal process Your solicitor will perform the local searches after your offer is accepted but, before you make the offer, ask the vendor if there is anything that might affect the future trading of the business, such as relocation of another pharmacy, a new or moving health centre or doctor's surgery.
prices vicodin prescription drugs |