Practice4Sale Blog (Page 8)

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!

Accounting practice for sale - Central Coast.

Medical centre pharmacy for sale in the Geelong area. The pharmacy has shown significant growth in the past year and there is considerable potential for further growth.

Our research shows that the higher priced sites (based on rent per square metre) are not necessarily more productive (based on rent as % of sales). Also, for many pharmacies with a high precription portion of income, they need to consider what business they are in and whether they should be in a retail area?

When you sell a property, outside of an auction, you often sign a Contract Note that contains the key terms and conditions of the sale as a pre-cursor to signing a formal Contract of Sale. The Contract Note is completed by the Real Estate Agent in order to "lock in" the transaction and ensure that once agreement is reached, settlement can commence while the full terms and conditions are addressed in the formal Contact of Sale. This is the same process as signing a Heads of Agreement (HOA) on the agreement to purchase a business, followed by a formal Contract of Sale before settlement.

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?

Many shopping centre landlords see turnover as the key measure for setting pharmacy rents. While considered illegal and not in accordance with the relevant pharmacy legislation, many landlords have continued to seek turnover data from pharmacy (and other tenants) with a view to escalating rent when turnover increases.

Did you know that August 2012 marked 5 years since the GFC began? And 5 years on - the stock market continues to display volatile returns while financial markets continue to be overly cautious. While pharmacy has been relatively resilient, it is important that pharmacists understand the impacts the GFC have had on the industry.

A pharmacy for sale in a single pharmacy town in South Australia, near the Victorian border. This newly refurbished pharmacy, in a bustling town presents a great chance to own your pharmacy with great returns. Earn a wage of $70,000 plus profits of $45,000 to create a great yield on your investment.

As a first time buyer, buying a business can be a daunting task. However, it is important to remember, that buying a business is a structured process - there are steps to finding a business, steps to settling a business and key parties who can assist you in the process. The key is to understand the process and assemble a team BEFORE looking to buy a business to ensure that you get the best outcome possible. When you find a business you would like to buy, it is important that you know how to determine your offer and that you are ready to proceed with the purchase.