One of the most common questions we get from pharmacy owners looking to buy or sell a pharmacy is “what’s the pharmacy worth?”

In this episode of The Entrepreneurial Pharmacy Podcast, Ollin Sykes, CPA, CITP, CMA and Scotty Sykes, CPA, CFP discuss assessing the worth of your pharmacy, maximizing the value of your pharmacy, maximizing cash flow, and more!

Did you like this episode? We share insights for Independent Pharmacy Owners every other Thursday. Stay up to date on new episodes by liking and subscribing! Click here to learn more about our podcast team and previous episodes.

Want to read and follow along with this episode? Click here for the transcript.

Want to stay connected with us on social media:

Sykes & Company P.A.:

Facebook
Twitter (X)
LinkedIn
Instagram

CPA’s:

Scotty Sykes – CPA, CFP LinkedIn

Scotty Sykes – CPA, CFP Twitter

Ollin Sykes – CPA, CMA, CITP LinkedIn

More resources about this topic:

Podcast – Preparing to Sell Your Pharmacy

Blog – Do These 2 Things Before Selling Your Pharmacy

Service – Buying and Selling Advisory

Service – Rx Assessment

Before selling your pharmacy, it’s important that you have sound financials, but what other steps need to be taken?

In this episode of The Entrepreneurial Pharmacy Podcast, we dive deep into what you need to consider when selling your pharmacy. We talk about what pharmacy lending banks are looking for, cash vs. accrual accounting, perpetual inventory, and more!

Did you like this episode? We share insights for Independent Pharmacy Owners on the first Friday of every month. Stay up to date on new episodes by liking and subscribing! Click here to learn more about our podcast team and previous episodes.

Want to read and follow along with this episode? Click here for the transcript.

Want to stay connected? Check out all of our social media:

Sykes & Company P.A.:

Facebook
Twitter (X)
LinkedIn
Instagram

CPA’s:

Scotty Sykes – CPA, CFP LinkedIn
Scotty Sykes – CPA, CFP Twitter
Ollin Sykes – CPA, CMA, CITP LinkedIn

More resources about this topic:

Blog – Do These Two Things Before Selling Your Pharmacy
Blog – Selecting Advisory Services for Selling a Pharmacy Business
Blog – Roadblocks to Selling Your or Buying a Pharmacy
Podcast – The Entrepreneurial Pharmacy Podcast: Are You Ready to Sell Your Pharmacy

Before buying a pharmacy, it’s important that you do your due diligence, but what does due diligence look like?

On this episode of The Entrepreneurial Pharmacy Podcast, Ollin Sykes, CPA, CMA, CITP and Scotty Sykes, CPA, CFP discuss everything about Due Diligence.

We share the different types of due diligence, why it’s important to do your due diligence, what information you need to look for, and more!

Did you like this episode of The Entrepreneurial Pharmacy Podcast? We share industry data and guide you every step of the way on buying, selling, or starting a pharmacy every month. Stay up to date on new episodes by liking and subscribing!

Interested in learning more about the podcast team and their experience? Click here

Want to read and follow along with this episode? Click below for the transcript:

(insert transcript link)

Want to stay connected? Check out all of our social media:

Sykes & Company P.A.:

Facebook

Twitter (X)

LinkedIn

Instagram

CPA’s:

Scotty Sykes – CPA, CFP LinkedIn

Scotty Sykes – CPA, CFP Twitter

Ollin Sykes – CPA, CMA, CITP LinkedIn

More resources about this topic:

Blog – The Importance of Due Diligence When Buying a Pharmacy

Blog – The Pharmacy Buyers Guide to a Common Stock Purchase

Blog – The Step-by-Step Process to Buying a Pharmacy

Are you interested in buying a pharmacy but aren't sure how or where to even start?

Often, we get approached by entrepreneurs looking at buying a pharmacy but aren’t sure what kind of pharmacy they are buying and what the difference between an asset purchase and a common stock purchase is.

In this episode of The Entrepreneurial Pharmacy Podcast, Ollin Sykes, CPA, CITP, CMA and Scotty Sykes, CPA, CFP bring you 40 years of pharmacy CPA insights that dive deep into how to buy a pharmacy, some things you need to consider before buying, whether you should do an asset purchase or a common stock purchase, and more!


Interested in buying a pharmacy? We can help! Click to learn more about our Pharmacy Specific Buy/Sell Service

Did you like this episode? We share insights for Independent Pharmacy Owners every month. Stay up to date on new episodes by liking and subscribing! Click here to learn more about our podcast team and previous episodes.

Want to read and follow along with this episode? Click here for the transcript.

Want to stay connected? Check out all of our social media:

Sykes & Company P.A.:

Facebook

Twitter (X)

LinkedIn

Instagram

CPA’s:

Scotty Sykes – CPA, CFP LinkedIn

Scotty Sykes – CPA, CFP Twitter

Ollin Sykes – CPA, CMA, CITP

More resources about this topic:

Video Series - Buying a Pharmacy

Video Blog – Buying a Pharmacy in a Stock Purchase

Video Blog – Buying a Pharmacy: Your Step-by-Step Process

Video Blog – The Importance of Due Diligence When Buying a Pharmacy

Video Blog – Questions to Ask When Buying a Pharmacy

Service – Buying or Selling a Pharmacy

Are you planning on selling your pharmacy? Do you think you’re ready to sell your pharmacy?

Many pharmacy owners underestimate the amount of time and planning it takes to optimize the value of your pharmacy so you can make the most money from your transition.

On this first episode of The Entrepreneurial Pharmacy Podcast, Ollin Sykes, CPA CMA, CITP and Scotty Sykes, CPA, CFP share insights into how to make the most money from your pharmacy sale, proper timing and planning when selling your pharmacy, what you need to consider, and more!

Did you like this episode? We share insights for Independent Pharmacy Owners once a month. Stay up to date on new episodes by liking and subscribing! Click here to learn more about our podcast team and previous episodes.

Want to read and follow along with this episode? Click here for the transcript

Want to stay connected? Check out all our social media:

Sykes & Company P.A.:

Facebook

Twitter (X)

LinkedIn

Instagram

CPA’s:

Scotty Sykes – CPA, CFP LinkedIn

Scotty Sykes – CPA, CFP Twitter

Ollin Sykes – CPA, CMA, CITP LinkedIn

More resources about this topic:

Article – Do These Two Things Before Selling a Pharmacy

Article – How to Maximize Your Pharmacy’s Value for Sale

Article – How to Stay Out of Trouble When Selling Your Pharmacy

Article – When a Pharmacy Sale is a Bad Idea