EVCOR (Enterprise Valuators Corporation)

  You may be asking yourself, “ How do I sell my pharmacy ?” It can be a daunting task if you’ve never done it before. And that’s why leaning on the expertise of  pharmacy business consultants  is so essential. Steps to Sell My Pharmacy Selling a pharmacy business  isn’t like selling a house, and it involves unique complexities that the experts live and breathe. Here are the five steps in selling a pharmacy. 1. Analysis and Valuation Ask any military strategist, and they will tell you, the person with the most information wins. It’s no different when you are selling your pharmacy. You need to know more about your  pharmacy  than they plan to learn. I’m not encouraging deception in any manner; you need to understand what drives your value, what it’s worth before going into “battle” with your potential buyers. 2. Marketing Preparation Once your valuation and analysis are complete, you need to put all this data and information into a presentable form for your ...

  Anyone who has ever said, “it’s time to sell my pharmacy,” and followed through with the process knows it’s a complex process with many details that need attention. To complicate matters,  selling a pharmacy business  is different from selling other types of businesses because of pharmacy businesses’ regulatory requirements. For this reason, many choose to sell their business through an experienced broker familiar with pharmacy business sales. In many ways, a pharmacy business sale is similar to selling other small businesses. After telling yourself, “I am going to sell my pharmacy,” you will need to determine whether you’re selling stock or assets, how the business will be transferred to the new owner, as well as the structure of the company. Once the decision to sell has been made, determine when you would like to be free of the business. In other words, decide on an exit date. Next month is too soon, but this time next year, or in other words 12 months, is a reason...