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 …
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: 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: 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 …
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 …