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Buy-Sell Agreements

Published Thu, February 18 2010 3:10am

What are some of the perks of ownership? Tax write offs? Free goods?

If you ask a banker how much you need to bring to the table, the typical answer would be 25% of the total cash needs for the transaction. By preparing a solid, conservative Loan Proposal, 10-20% has been acceptable.

For an average pharmacy with say a $2,000,000 turnover and say a $1,500,000 value, this means you will need approximately $375,000 in cash or unencumbered equity in other assets (i.e. your home).