| On dispensing you can expect to make a gross margin of between 18 per cent and 22 per cent, whereas OTC sales will give you in the region of 30 per cent to 35 per cent, so a good mix will provide a sensible margin and the security of NHS dispensing. In recent years it has become commonplace for the purchaser's solicitor to set the ball rolling by drafting the sale and purchase agreement. |
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. When you are ready, make your offer (subject to contract) through the agent acting for the vendor. |
These businesses are often easier to finance than smaller ones and it is not unknown for businesses with annual turnover in excess of . |
This is not compulsory but it shows good faith on your part, which could help to fend off any late offers in excess of yours. |
Choose carefully, ensuring that you find one with experience of commercial transactions and preferably conversant with the sale and purchase of pharmacies. |
| Buying a pharmacy will be the largest and most complicated transaction in which a prospective purchaser will ever have been involved Plenty of good advice is available at all stages of the transaction — especially in connection with finding and financing the business and completing the legal formalities. |
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. Except in special circumstances, for example, where a pharmacy is an essential small pharmacy (see below), few pharmacies with a turnover below .
generic tramadol ultram problems levitra flomax |
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. There are exceptions to every rule and it may be that a poorly performing business is simply not being competitive.
buy cheap online phentermine prescription |
If you are in doubt, a reputable agent will value a private business for you for a modest fee and could save you several thousands of pounds and a lot of wasted time. 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. |
If you are in doubt, a reputable agent will value a private business for you for a modest fee and could save you several thousands of pounds and a lot of wasted time. |
| 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. When both parties have agreed the terms, exchange of contracts is usually followed immediately by simultaneous completion. |
Multiples and regional groups with between two and 40 premises, rarely look at businesses with turnovers of less than . |
This is not compulsory but it shows good faith on your part, which could help to fend off any late offers in excess of yours. 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. |
) This leaves a band of turnover between . 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. |
Your agent will be able to tell you which schemes are on offer and which banks are currently keen to lend. 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 . It could be possible to stay open while the doctor's surgery remains open or to stay open at lunch time. |
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. |
Here again the vendor's agent will be pleased to advise you on the procedures. 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. |
This will ensure you get relevant advice and will probably save you money on legal fees. 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. |
A prospective purchaser should consider whether the shop could benefit from longer opening hours. |