Keys For Acquisition
June 17, 2013
When purchasing a pharmacy,
the buyer must consider several
key aspects before making the
final decision on the value that
the business presents to them.
Understanding these aspects
and incorporating them into the
purchase decision is fundamental
to the long term viability of
the pharmacy, especially in the
current business environment.
Possibly most important, is
understand your own skill set –
where can you add value to this
business, are you deficient in
any key skills that this business
requires? The competitive
environment in pharmacy is
intense and understanding
how the pharmacy is currently
affected and how it will be in the
future is crucial to your business
decision.
The lease presents security but
also a threat if the parameters
are incorrect. Is there enough
tenure, is the rent too high, are
the increases unsustainable and
importantly does the landlord
understand that the pharmacy
environment has changed?
In the investigation of the
business you must be able to
identify where you can achieve
your future growth. With
dispensaries under constant
barrage, pharmacy services and
the retail component of the
business are keys to your growth.
Customer numbers are vital for
retail growth –shopping centres
with the rent right may be the
answer?
This week’s
contributor
is Peter
Marshall,
CEO of
Pharmacy
Solutions Australia.
The above article was sent to subscribers in Pharmacy Daily's issue from 17 Jun 13To see the full newsletter, see the embedded issue below or CLICK HERE to download Pharmacy Daily from 17 Jun 13
