Sell Now or Wait?
June 24, 2013
Selling your pharmacy, which
is often your largest asset
and also perhaps even your
retirement purse, is a very large
decision. When is the time right
for such a move?
There are many considerations
that go into the decision to
divest interest in a pharmacy.
One of the key ingredients is the
prevailing market conditions
and trying to ascertain the highs
and lows. It is almost certain
that pharmacy sale prices
reached the highest point a few
years ago and I believe that we
will never see a sustained period
of high prices like that again.
So waiting around for prices to
rise may be a very lengthy and
potentially expensive exercise.
As there is solid evidence to
suggest that market conditions
(sale prices) will not improve in
the short to medium term, the
decision to sell should be based
on personal situations rather
than hanging on to an asset in
the hope that its value increases
against market expectations.
Good pharmacies are still
attracting good prices (within
market parameters), so when
you are thinking that selling is
best for you, make sure that you
have taken care of the tangibles
like lease tenure.
Contact peterm@
pharmacysolutions.com.au
to discuss.
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 24 Jun 13To see the full newsletter, see the embedded issue below or CLICK HERE to download Pharmacy Daily from 24 Jun 13
