How should I select my pharmacy advisers?
Before you consider buying a pharmacy, ensure that you have a team of advisers with pharmacy experience to assist you through the process. With pharmacy prices at a high, it is important that you spend some money on experienced advisers in order to make sure that you buy a good pharmacy at a great price.
Before you consider buying a pharmacy, ensure that you have a team of advisers with pharmacy experience to assist you through the process. With pharmacy prices at a high, it is important that you spend some money on experienced advisers in order to make sure that you buy a good pharmacy at a great price.
With the average purchase price of pharmacies well over $2.0 million, there is a lot at stake when buying a pharmacy. The cost of acquiring good advice throughout the process is a small price to pay in relative terms and will most likely save you from much larger costs if you make the wrong decision.
It is important that when choosing an adviser to assist you, make sure they have pharmacy experience. Pharmacy has its own unique characteristics, as such you need to understand this position when reviewing an opportunity. An adviser with experience and understanding of pharmacy related issues will be able to provide the best guidance, with reference to the industry, to ensure that you make the correct decision.
Ensure you don't put your pharmacy investment in jeopardy by using advisers who don't have the right level of experience - remember, you get what you pay for!
Typical advisers that you will require for a pharmacy sale/purchase include:
- A solicitor;
- An accountant;
- A valuer; and
- A finance broker.
If you would like some assistance in selecting an appropriate adviser, contact us on 1300 ATTAIN (1300 288 246).
Contact Attain to discuss the issues raised in this blog further »