Preparing Your Pharmacy for Sale
December 2, 2013
It is not an easy decision when
it comes to selling, so many
questions going through your
mind, especially if you are selling
for the first time. Where to start?
What do I need to prepare?
Below are some suggestions to
help begin the process.
Financial Records: Ensure
that you have audited financial
statements for the most recent
financial year. If available, provide
interim Management Accounts if
time has end from last financial
year and current financial year
dispensing Script report.
Staff Records: Provide current
staff roster of working week in
your business. Consolidate this
with wages paid to your staff to
provide a snapshot of the expense
for a prospective purchaser.
Lease: If you have an existing
lease, ensure that you have the
lease document readily available.
The length of your lease is critical
to financiers. If you are left with
less than at least 3 years you will
have to negotiate a longer lease
prior to going to the market.
This will add to the saleability of
the business. Many lenders may
require at least a 7 year lease. If
you own the freehold property,
consider what lease you would
be willing to offer the purchaser.
Seek legal advice.
Depreciation Schedule:
Fixtures & Fittings are a crucial
part of selling a business. A
depreciation schedule should be
available to confirm the list of
items and the written down value
of those items.
This week’s
contributor is
Sue Raven,
Managing
Director
of Raven’s
Pharmacy Sales.
The above article was sent to subscribers in Pharmacy Daily's issue from 02 Dec 13To see the full newsletter, see the embedded issue below or CLICK HERE to download Pharmacy Daily from 02 Dec 13
