Classic Video: Roadblocks to selling or buying a pharmacy
Even with a motivated seller and buyer, a pharmacy sale can lag because of specific tax and accounting issues. In this video, Ollin Sykes talks about cases he’s seen where the buyer or seller hit a significant roadblock. He also details what …
Classic Video: A New Way To Buy a Pharmacy
If you’re looking to buy a pharmacy, seller financing or regional bank financing aren’t your only options. In this video, Ollin Sykes talks about the new choices available when buying a pharmacy, particularly obtaining a loan from a bank that specializes in …
Classic Video: Why That Pharmacy for Sale May Be a Bad Idea
If you’re looking to own an independent pharmacy and you see a pharmacy for sale in your local area, is it a good idea to buy that pharmacy? In this video, Ollin Sykes talks about how to tell if a specific pharmacy …
Classic Video: Simple Tests for Pharmacy Accounting Health
Whether you’re an independent pharmacy owner or thinking about buying a pharmacy in the future, it’s important to know the signs of a healthy pharmacy accounting system. In this video, Ollin Sykes talks about two more signs that help you know that …
Classic Video: Business Structures for Independent Pharmacies
In this video blog, Ollin Sykes of Sykes & Company, P.A., details various business structures used by independent pharmacies. He talks about why, if you own or are thinking about buying a pharmacy, you need to think five to ten years in …
Powerful Pharmacy Accounting Systems
“Using new cloud-based accounting systems is good for business and patients,” writes our own Scotty Sykes in the November issue of America’s Pharmacist. His article covers: The foundation of accounting systems What outdated accounting systems look like Questions to ask a prospective …
The Pharmacy Buyer’s Guide: Buying a Pharmacy in a Stock Purchase
We welcomed Jeffrey S. Baird, Esq., an attorney and head of the healthcare group for Brown & Fortunato, P.C. as he explains the difference between a stock purchase and an asset purchase when buying a pharmacy. Find out why it’s essential to …
Pharmacy Lending: The Inside Scoop from Live Oak Bank
Have you ever considered pharmacy ownership? In this episode of The Bottom Line Pharmacy Podcast, your hosts and special guest Greco De Valencia from Live Oak Bank discuss the current state of pharmacy lending from a banking perspective. The pharmacy industry is …
336(e) Common Stock Purchase for Pharmacy Owners
A 336(e) common stock purchase has many advantages for pharmacy owners, but it is a very complex topic. In this video, Ollin Sykes, CPA, and Bonnie Bond, CPA, discuss the benefits of a 336(e) common stock purchase. They highlight the advantages to …
Expanding Your Pharmacy Business Market Share
If you own a pharmacy and dream of buying a second pharmacy location, this webinar with Live Oak Bank discusses the options available to finance your purchase. Besides buying a physical location, you may also consider rolling a prescription file buy into …