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History
The last two decades of the 20th Century were a difficult time for independent community pharmacists. An incredible, once in a lifetime combination of aggressive new competitors, expansion of managed care and third party prescription plans, coupled with the rapid growth of the chains led to a major decline in margins, both gross and net, and to the number of independents in the country. During that period, there was nearly a 50% reduction in the number of independents, from more than 40,000 in 1980 to about 20,000 in the year 2000. Sadly, many of these stores were simply closed up or sold to chains for a few dollars more than the net value of the inventory.

Entrepreneurs are Buying
At this moment in time, the "survival of the fittest" theory has taken hold in the world of independent pharmacy. For the first time in more than twenty years, independent stores are changing hands for reasonable prices, and being sold to new entries to the independent market, young pharmacists, men and women who find professional satisfaction and financial success in owning and operating their own businesses. It is no longer necessary for those with entrepreneurial spirit and the willingness to work hard and take risk to just be employee pharmacists in a large chain pharmacy.

Selling for Reasonable Prices
That said, it is also no longer necessary for those pharmacists who wish to sell their businesses to just turn them over to a large chain for a token payment in excess of the value of their inventory. While margins have clearly shrunk, recent reports show that the "average" independent does more than $3 million in sales volume, and that number is no doubt higher in densely populated metro areas.

Using Professional Consultants
Our firm functions as evaluators, appraisers and advisors to the world of independent community pharmacy buyers and sellers. Utilizing 21st Century technology tools and sophisticated financial modeling capabilities, we help buyers and sellers enter into a fair and equitable transaction, one which will withstand the test of time and provide each party to a transaction with what they expected. For the seller, a fair price and a qualified buyer. For the buyer, an economic outcome that will provide him or her with a reasonable return on invested capital, the ability to service any debt incurred and the ability to earn a salary commensurate with the managerial responsibilities and risks involved in owning one's own business.

Buy-Sell widens focus with new associate. Read more.

If you want to buy or sell a pharmacy, we are the firm for you.

Please review the rest of this web site so you can fully understand who we are and what services we can offer you. Then go to the Contact Us page and let us know how we may be of assistance.

 



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Last modified:
August 26, 2008

All financial information about pharmacies listed and buyer's qualifications are representations of the principals, and are not guaranteed in any way by Buy-Sell A Pharmacy.com. Buyers and Sellers are urged to perform all necessary due diligence through whatever means they are most comfortable with prior to entering into a transaction to buy or sell any pharmacy listed on this website.
 
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