ALMOST 80% of prospective pharmacy buyers and sellers are expecting store sale prices to remain static or rise "slightly" over the next 12 months, a report from Attain Business Brokers reveals.
The Attain Pharmacy Market Sentiment Survey found 42.5% of respondents believed that there will be a small increase in pharmacy prices in the year ahead, with just over 1% predicting significant growth.
Close to 20% of respondents said they believe prices will fall in the 2020/21 Financial Year, while 37% believe the market will "stay flat".
The report released by Attain Director, Natalie Sirianni, also found close to one-in-three pharmacy owners (31%) in July said that they were looking to sell at least one store within the next five years, while 14% plan to bring in a junior partner rather than selling out completely.
Personal and family circumstances were touted as the main influencing factors for selling up (83%), while the Community Pharmacy Agreement cycle (31%) and business partners' opinions (28%) were also major issues behind "sale timing", the report found.
For those looking to buy, "finding a pharmacy that meets my criteria" was seen as the most challenging issue, while more than 50% of respondents noted accessing capital and current pricing levels as barriers to buying.
The above article was sent to subscribers in Pharmacy Daily's issue from 14 Aug 20
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