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Showing 1 to 3 of 3 articles related to "alternative".

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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Succession Planning: an important strategy for wealth creation and the long term survival of independent community pharmacy

Succession planning refers to the process of progressively transferring ownership and control to another generation of owners. In essence, it aims to promote a win-win situation for vendor, entrant and industry as a whole. Long used by other professions, correctly managed, and with the right parties, it leads to improved values for the retiring owner and reduced risks for the incoming partner.

Synopsis:
Many pharmacy owners, as a practical alternative to business sale, are adopting succession planning which involves the progressive transfer of ownership. Long used by other professions, correctly managed, and with the right parties, it leads to improved values for the retiring owner and reduced risks for the incoming partner. Ultimately it's a process not an event and requires careful execution of a number of steps. It also must be tailored to the objectives of each partner; new and old. Once completed, often the process starts again with another generation.
Current pharmacy landscape
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Pharmacy Rents - dealing with your landlord in this climate

The economic and financial climate has added further pressures to pharmacy rents

Medici Capital will shortly be releasing the 2009 Pharmacy Rental Kit which includes the data for the year ended June 30, 2008.

Synopsis

Pharmacy rents are a major cost for all pharmacies. Careful negotiation and consideration of the benefits provided by a particular site must be taken into account when analysing the:

Total occupancy costs (inc. outgoings) The terms of the lease (inc. security of tenure, exclusivity to the centre, escalation or indexation, options, and review periods/methods) The resultant share of profits derived by you and your landlord
Dealing with your Landlord in this Economic Climate
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