Considering the challenges pharmacists are facing in the current pharmacy industry, owning and operating an independent pharmacy can be extremely difficult. Even with a favorable location and an existing and loyal customer base, it can still be tough to make ends meet.
The process of selling your pharmacy may seem overwhelming. It is, without a doubt, a challenging feat, but with proper preparation and execution, this process can be seamless.
Whether you’re researching different options for selling your pharmacy business, or are looking to calculate the value of your pharmacy, PharmSolve can assist you every step of the way.
There are several reasons why a pharmacy owner may want to sell their business. Each of these motivations provides a valid purpose for wanting to move on to other areas of life. Some examples of a pharmacy owner wanting to sell their business, may include the following:
• Reduction in overall revenue
• Shrinking profit margins
• Competitive pressures
• Changing business models
• Feeling overwhelmed and burned out
Ideally, you would like to sell your pharmacy when it’s doing well, but we understand that annual sales and profits for owners looking to sell their pharmacy may be leveling off, or even on the decline. Regardless of the current state of your pharmacy, we can secure the best possible sales value for your pharmacy.
We offer full valuation, listing, and negotiation services when selling your pharmacy business. We have extensive experience selling all types of pharmacies (retail, long-term care, compounding and specialty). We provide services for any size pharmacy. From small stores to large stores to multiple locations, no deal is too big or too small.
Our simplified, straight-forward approach allows us to take control of the selling process, which allows the seller to concentrate on their future.
STEP 1: Getting Started
A free, confidential, no-obligation phone call will help us get to know you and your situation. If you’re interested in our representation, we’ll ask you to sign a listing agreement. This does not obligate you to sell. The agreement protects both parties if we move forward and can be canceled any time.
STEP 2: Calculating the Value of Your Pharmacy
We offer different services for finding out what your pharmacy is worth, depending on your needs. Services include a market analysis, professional letter of opinion or a formal valuation and/or appraisal to determine the value of your pharmacy. Knowing your value is a critical step to sell a pharmacy at the highest price.
STEP 3: Preparing For the Sale
If the sale price range is acceptable, we will proceed to the marketing phase. We will compile all of your information to professionally and confidentially present to potential buyers.
STEP 4: Finding a Buyer
We understand that the key to getting the highest price for your pharmacy is to maximize the number of potential buyers while representing your interests. With proprietary marketing strategies, we’re able to discreetly seek out, match, and qualify buyers for your pharmacy.
STEP 5: Negotiating the Sale of Your Pharmacy
We’re experts at negotiating with both independent buyers and national chains to get you the highest value. We have corporate affiliations and experience that give us more influence at the negotiating table and help us sell your pharmacy at the highest possible price.
STEP 6: Closing the Sale
We will be there on your big day. Our representation continues through inventory counting, document signing, and the final exchange of funds.