Buying a pharmacy
March 11, 2013
You have made the decision
to buy a pharmacy.
Congratulations you have
taken the first step in securing
your financial freedom, a life
full of holidays and overflowing
buckets of money!!!!
Or have you made the worst
decision of your life?
The way you handle the
process from here will determine
whether you live a life of luxury
or live a life of regret.
Your first decision is what
type of pharmacy to buy; a
pharmacy in a shopping centre,
a strip shop, a medical centre or
maybe a discounter.
Understand what financial
resources you have, this will
determine how much you can
afford to borrow or the level at
which you can purchase.
Decide what entity you wish
to purchase the pharmacy in, a
trust, company, sole trader or
partnership.
You are now in a position to
go hunting.
Gather all available data
before drawing up an offer and
look for any issues that may
affect the pharmacy.
To decide on a purchase price
you will need to be guided by
your experience or that of
others (get the best professional
advice you can afford).
Before you sign a contract
have your solicitors check it and
ensure that you can comply
with all the clauses, as the law
is very clear when it comes to
contracts.
Next week I will discuss due
diligence and the steps to
settlement. Happy hunting!
This
week’s
contributor is
Paul Rowe, Chief
Executive of
Razor Group of Companies.
The above article was sent to subscribers in Pharmacy Daily's issue from 11 Mar 13To see the full newsletter, see the embedded issue below or CLICK HERE to download Pharmacy Daily from 11 Mar 13
