Buying a Pharmacy? Then You Must Understand the Due Diligence Process

Buying a Pharmacy? Then You Must Understand the Due Diligence Process

Buying a pharmacy is one of the biggest investment decisions you are likely to make.

It is a significant investment, involves significant debt, and accordingly deserves significant levels of analysis and advice to ensure you are being as careful as possible. Any business undertaking of this size involves a degree of risk, and any process that helps you reduce that risk, and gives you a greater knowledge about the financial aspects of the pharmacy that should be considered. For those pharmacists who are thinking of buying a pharmacy, understanding the due diligence process is vital.

Pharmacy | What we have learnt from this valuation season

Pharmacy | What we have learnt from this valuation season

Since 30 June 2018 valuation activity has certainly been very high.

We have seen activity pick up strongly over the last 4 months and it is looking like it will continue. As we are in the middle of the current CPA cycle demand for pharmacies is strong, particularly in the sub $3m market. We have seen several pharmacies being sold and the numbers of buyers coming to us for guidance and assistance has also grown.

6 mistakes that pharmacies are making with their social media

6 mistakes that pharmacies are making with their social media

In Australia according to Sensis almost eight in ten people now use social media.

That’s why many pharmacies have jumped on the bandwagon and signed up to various social media platforms. Which is great as social media is an amazing tool for building relationships with customers. However, it’s vital to have the right marketing plan in place. So, today we will share some common mistake that pharmacies are making with social media and offer solutions to these issues.

Let’s begin!