Think you're ready to sell your pharmacy? Schedule a meeting with us! If you're a multi-location pharmacy owner, you’re going to want to tune in to this episode of the Pharmacy Ownership Podcast! In this episode Scotty Sykes, CPA, CFP® and Ollin Sykes, CPA, CITP, CMA tackle a common yet complex issue: selling a single pharmacy location from a multi-store entity.  With real-world examples, Scotty and Ollin walk you through: The crucial steps of spinning off one location Importan...

The Pharmacy Ownership Podcast

Sykes & Company, P.A.

The Multi Store Owners Guide to Selling Your Pharmacy

SEP 27, 20247 MIN
The Pharmacy Ownership Podcast

The Multi Store Owners Guide to Selling Your Pharmacy

SEP 27, 20247 MIN

Description

Think you're ready to sell your pharmacy? Schedule a meeting with us!

If you're a multi-location pharmacy owner, you’re going to want to tune in to this episode of the Pharmacy Ownership Podcast!

In this episode Scotty Sykes, CPA, CFP® and Ollin Sykes, CPA, CITP, CMA tackle a common yet complex issue: selling a single pharmacy location from a multi-store entity.  

With real-world examples, Scotty and Ollin walk you through: 

  • The crucial steps of spinning off one location 
  • Importance of proper accounting practices, like using class codes for profit and loss statements and balance sheets
  • Common pitfalls pharmacy owners face when they haven’t prepared for such a transaction 
  • Key advice for owners looking to avoid financing roadblocks and ensure a smooth sale

Read this episode at our transcript here

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