At the end of the day, the market price for a business is not always rational. It's the price a buyer and seller are willing to transact at. And sometimes, there is simply no logical explanation for the price paid.
In property, the market tends to be more efficient. As such, the occasions when "higher" prices are paid tend to be few and far between as these opportunities can occur more often. However in pharmacy, the market is not as efficient. There is just not the level of transactions to ensure this. At the same time, the potential capacity of a site varies significantly between buyers - resulting in more spurious results.
But when it comes down to it, if you're not the highest bidder, the property/business will not be yours. While that's not always a bad thing, you can't approach the broker/auctioneer at the conclusion of the sale and exclaim: "But my offer was at a more reasonable price!"
The definition for a "reasonable price" is vastly different - particularly in sales with information asymmetry (one side knows something the other doesn't).
So as a buyer, (or a seller), understand that you need to price the opportunity according to your uses for the site. If the chance eventuates to transact - it will be at a win-win for both the buyer and the seller. But remember to be reasonable with your offer. The market is the market, and if you are consistently pitching a price well outside other buyers, you may not have a chance to purchase a business.
When looking to buy a pharmacy, there is significant investment; both personal and financial. To ensure that you succeed in your acquisition, take some time to ensure that you understand what opportunity you are looking for and how you are going to run the pharmacy. In order to buy a pharmacy, take some time to consider what makes you a ready buyer.
Jobs4Careers has long been a great place to find pharmacy jobs and now we're once again seeing a resurgence in pharmacy job advertisements on the website. With a newly designed Job Search section, the site is now easier to use and find pharmacy jobs.
As the sister site to Practice4Sale, Jobs4Careers has a high number of Accountants registered to use the website. May users are looking to buy or expand an Accounting Practice, however, some are also looking for re-location or an opportunity to enhance their career. So why not consider posting an Accounting Job Advertisement on Jobs4Careers!
