What's the greatest challenge you're trying to solve in your business? What keeps you up at night? It is very easy to get caught up in the daily crisis or customer/staff enquiry. But do you take time out to consider the big issues for your pharmacy.
A new pharmacy has been listed for sale on Practice4Sale this morning. The pharmacy is titled: "Large Pharmacy For Sale in COASTAL QLD" and is seeking to be sold for $7.0 million.
This is an established and highly successful practice with a history spanning over forty years, generating fees of c.$3.9 million accounting and c.$1.1 million financial planning. The two major owners are committed to a smooth transition, remaining in the business for a minimum two- and four-years post-sale, while a 24% financial planning equity holder will retain their stake and continue long term. The practice has built a strong reputation on deep client relationships, timely work, proactive tax planning and integrated financial planning, with consistent growth driven by referrals. Profitability is strong at 42% before major owners' remuneration, and WIP and debtors are very well managed, with lock-up days of just 23. The client base is diverse and longstanding, with no material concentration risk the top 20 accounting client groups represent just 13% of gross fees. The team is experienced, maintains direct client relationships, and is engaged and thriving in a positive culture.