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Why Do I Need A Business Valuation

A Business valuation is the process applied by a qualified valuation expert to determine the fair market value of an owner's interest in a business. As a current or prospective pharmacy owner, a business valuation will provide you with an analysis of the pharmacy's value along with the strengths and weaknesses inherent in the business. The purpose of this article is to identify the concepts behind valuation in pharmacy as well as the reasons why a valuation would be conducted.

There are many reasons why you may need a valuation as a pharmacist. Some of the main reasons are to raise capital, protect your business, for estate planning purposes or buying and selling a pharmacy.

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Myth Busters: Change in the Location Rules and Pharmacy Values

Following the change in the Pharmacy Location Rules many pharmacists have been concerned that these changes will have a detrimental impact on the value of pharmacies. These concerns have been fuelled by industry rumours also hinting of drops in pharmacy values. However in the majority of cases, I fail to see the correlation between Pharmacy Approval Number values and the value of a pharmacy as a going concern.

As a valuation specialist we are receiving calls from pharmacists inquiring about the changes and impact on valuations. First and foremost, we believe the valuation of going concern pharmacies is not expected to change.

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Pharmacy Gross Margins 2011

Hi Medici, I am a 4th year pharmacy student, currently participating in a business plan competition. I just wanted to know the current industry average for Gross Profit for a community pharmacy. The information provided on your website (updated 2009) indicates an average of 32-33%. Is this value still current? Any help would be greatly appreciated. Monnette Samo

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Pharmacy Returns - are pharmacy returns reasonable

PBS Reforms combined with the impact of the recent credit crunch have driven many pharmacists to ask the question - should the prices being paid for pharmacies come down? In the context of the current economic climate, many expect that returns should increase to reflect the increasing uncertainty and/or risks about pharmacy. But is this the case?

Pharmacy returns

Pharmacy business sales brokers generally refer to the capitalisation rate as the return on investment. But is it?

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Are YOU ready to buy?

As a young pharmacist, you graduate, gain experience in various pharmacies and eventually manage a pharmacy. For the majority, getting to this rung on the pharmacy ladder is inevitable; however the next step up is always the hardest to take. In a market characterised by high values and perhaps a sellers market, coupled with increasing risks; achieving ownership is a concern for many young pharmacists.

There are proven ways to evaluate your capacity to own and this knowledge is often readily available. Training programs such as Medici Capital's "Ownership Ready" series are designed for prospective owners to learn about the process and self evaluate their readiness for ownership. (see Pharmacy Ownership Ready Series for more details)

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About Ask An Expert

Ask An Expert is an online knowledge base for customers of Medici Capital. The system provides functionality for both financial institutions and health practitioners, providing news, articles, tools and resources.

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