Questions To - Ask When Buying A Pharmacy
The "goodwill" of a pharmacy often resides in its people and its standing in the community.
Ask about the history of audits from Pharmacy Benefit Managers and if any funds are currently being clawed back. Staff & Reputation
Daily operations determine the sustainability of the pharmacy’s income. questions to ask when buying a pharmacy
Ask for an audit of current stock—is it nearing expiry or purchased from reputable, licensed suppliers?
Check platforms like Google or Yelp to gauge the pharmacy's local reputation. Market & Competition The "goodwill" of a pharmacy often resides in
Buying a pharmacy is a complex transaction where "the numbers don't always tell the whole story". A thorough due diligence process is essential to uncover hidden risks and identify growth potential.
Are volumes increasing, stable, or declining over the last three years? Ask for an audit of current stock—is it
Identify nearby chain pharmacies and independent competitors. If you'd like to dive deeper, let me know: The type of pharmacy (retail, compounding, or specialty) The geographic region (to tailor for local regulations) Your budget range for the acquisition A Beginners Guide to Buying A Pharmacy
