Buying a Pharmacy Article (Assets vs. Stock) Published in Drug Topics
Scotty W. Sykes, CPA, CFP,® recently published an article in Drug Topics magazine about two methods for buying a pharmacy: an asset purchase or a purchase of common stock. In the article, he outlines each method briefly, but focuses primarily on the …
Looking to buy a Pharmacy?
When you’re considering buying a pharmacy, it’s important to begin working with a pharmacy accountant and advisor months before the purchase. To help you understand the steps to buying a pharmacy business, we’ve created this collection of videos and our pharmacy buyer’s …
Questions to Ask When Buying a Pharmacy
What questions should you ask when buying a pharmacy business? There is specific due diligence that needs to be done during the pharmacy sale process. Prospective pharmacy buyers need more than tax returns and financial statements in order to make a purchase …
How to Buy a Pharmacy Business Series: Investigate the Financials
In this first video of our How to Buy a Pharmacy Business Series, we discuss why it’s important to conduct thorough due diligence when buying a pharmacy business. Ollin Sykes, CPA, and Kathy Blanchard of Sykes & Company, P.A. discuss the importance …
Classic Video: 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. …
Classic 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. …
Classic Video: 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 …
Classic Video: 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 …
Classic Video: 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 …
Classic Video: 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 …