Two Part Process

Why you need to plan, not just sell your pharmacy.

There are long-term implications for not planning that can affect not only you but also your heirs. Without proper preparation, it is unlikely that you will realize full value for your lifetime’s work. You also won’t be able to ensure the continuation of the pharmacy in a manner that reflects your commitment to both customers and employees.

There are many reasons why you may want to approach this as a two-part process — succession planning and ownership transfer:

To maximize the value of the business that you have built, helping to create funds for your retirement and estate
To continue the legacy that you have built<
To determine how you want to be involved in the pharmacy during and after you transfer ownership
To find the right new owner who will be able to continue the business
To structure the ownership transfer so that the new owner succeeds, and you can continue to be proud of the business you have built in your community

It is likely that you will sell only one or two pharmacies during your career. By preparing and using the best possible counsel and advice, you can transfer the ownership of your pharmacy at the best price, and with the fewest headaches and regrets.

Next: Issues to consider.

There are a wide range of extremely important issues to ponder as you plan for the sale of your pharmacy. Some of the most important of those issues include taxes, health insurance, and building ownership.

>> Learn about the issues.