Classic Video: Is Buying a Pharmacy a Good Investment?
This is a classic video by Ollin Sykes. View our most recent video on this topic, Key Mistakes in Buying a Pharmacy. Having worked with prospective pharmacy buyers for decades, we understand how to improve the value of a pharmacy. In this …
Key Considerations Before Starting up a Pharmacy
If you want to own a pharmacy and haven’t found one to buy, what research will help you know where to start up a new pharmacy? Ollin Sykes answers this question and talks about common mistakes he’s seen with startup pharmacies. From …
Pharmacy accounting—best business structures update
Looking back over 2016, Ollin Sykes talks about the current best business structure for pharmacy owners seeing to buy or startup an independent pharmacy. He talks about the benefits of LLCs and the various tax options—including what you do NOT want to …
Staying out of Trouble During a Pharmacy Sale
During the sale of an independent pharmacy, the seller and buyer can find themselves in very different positions—each with their own trouble spots. In this video, Ollin talks about what each side of the sale is focused on. You’ll learn about the …
When a Pharmacy Sale is a Bad Idea
Sykes & Company PA is involved in many pharmacy transitions, in this video Ollin Sykes talks about problems and trouble issues going into transactions. He explains why it’s dangerous to fall in love with a particular pharmacy and why transactions need to …
Trends in Buying a Pharmacy
In this video, pharmacy accountant Ollin Sykes, CPA discusses trends in buying a pharmacy. If you are interested in becoming a pharmacy owner or expanding your existing pharmacies, we encourage you to watch this video. …
Business Plan to Prepare to Buy a Pharmacy
In this video, Ollin Sykes recommends due diligence before leasing or buying a pharmacy. A due diligence checklist and valuable workshop through the National Community Pharmacists Association (NCPA) are discussed to help potential owners avoid common mistakes and create early success. …
