To answer this question, the starting point is often obtaining a business valuation. This valuation should be an in-depth review of the pharmacy’s financial picture based on a solid understanding of what the business’s strengths and weaknesses are.
It’s important to understand the role of a valuation in the selling process. A valuation is often used to provide the seller with a starting point or an idea of the potential value of the pharmacy. Additionally, the valuation can serve as an initial “asking price” to be used when listing the pharmacy for sale to set pricing expectations for potential buyers. The valuation can be calculated multiple different ways and relies upon several factors of the business.
Our knowledge and expertise will provide the seller and buyer with a market driven valuation for the pharmacy that takes into account all aspects of the business.
Did You Know?
Understanding the drivers of a valuation will allow a seller to maximize the value of their pharmacy and will allow a buyer to see the potential for sustained revenues and profitability in the future.