Practice4Sale Blog (Page 46)

Pharmacy Ownership: Generational Change

Medici Capital recently published an article on their website that discusses a number of issues regarding the generational change of pharmacy ownership. Industry evidence suggests that the average owner of a pharmacy is between 50 and 60 years of age with a significant portion skewed towards the more mature generations. Given this, many pharmacies will change hands in the coming years resulting in a generational transisition of pharmacy ownership. As an owner or prospective owner, what have you done to prepare yourself for this change?
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How To Use Practice4Sale

Practice4sale is a one stop shop for the Pharmacy community. The site lists Pharmacies and Approval Numbers for sale, partnership opportunities, as well as full compliment of Pharmacy jobs.
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Are YOU ready to buy a pharmacy

As a young pharmacist, you graduate, gain experience in various pharmacies and eventually manage a pharmacy. For the majority, getting to this rung on the pharmacy ladder is inevitable; however the next step up is always the hardest to take. In a market characterised by high values and perhaps a sellers market, coupled with increasing risks; achieving ownership is a concern for many young pharmacists.
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Features to help you find that perfect job!

Employment opportunities appear on both Practice4sale.com.au and Jobs4careers.com.au - in fact both sites list exactly the same Business For Sale and Employment listings.
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Do you need further assistance?

If you require further assistance, or would like to discuss what's required to sell your business, Contact Us.

Recent Blog Items

New Optometry Practice For Sale

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New Pharmacist Job

A new pharmacist job has been loaded onto Jobs4Careers. Seeking a registered pharmacist, the job is aimed to assist the business in developing its professional service area.
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New Pharmacy Jobs on Jobs4Careers

A number of new positions have been posted on Jobs4Careers in recent weeks for pharmacy-related positions. We now have over 114 pharmacy jobs advertised on the website!
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Negotiating Your Commission

When looking to sell your business, you will undoubtedly be faced with the issue of the agent's commission. All business brokers (and real estate agents) are required to advise that commission are negotiable and you have a right to discuss the commission structure with your agent. However, be aware of the process when doing this - you really do get what you pay for and often those offering lower commissions also provide less of a service. Your aim should be to set a walk-away price from the sale - what you receive after the agent's commission. And at the end of the day, when you put your business to market you want your broker to be pushing hard to get the best return for you - how they negotiate their commission will be a good example of their negotiation skills. If they're willing to cut their own commission to get the deal, how hard are they going to negotiate with buyers for your business?
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Pharmacy Ownership Ready Course, Sydney

Your future success as an owner will be determined by the actions you take today! Buying a pharmacy is no small feat - be prepared to succeed or to wear the consequences! The Medici Capital Ownership Ready Series aids pharmacists in the quest for ownership. We will prepare you with everything you need to know about finding the right pharmacy and getting that dream sale!
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Pharmacy Valuation Service

Are you looking to buy or sell a pharmacy? Then make sure you consider the value of your business.

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How much should I pay for a pharmacy?

If you've found the ideal pharmacy and need an Indicative Assessment of its value, an Indicative Valuation from Medici Capital will help you evaluate the price of the business.

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Indicative Valuation Tool