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Showing 1 to 5 of 7 articles related to "simple".

Validating Valuations

Proving that the price and numbers given about a pharmacy are true and correct (i.e. financial due diligence). What to ask for to validate what you have been told by the broker when you think he is painting a "rosy" picture?

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Choosing Consultants

What to look for in selecting an accountant, a lawyer, a business mentor, etc?

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Pharmacy Management 101

There are 3 fundamental economic realities about pharmacy. They are:

There is no such thing as an average pharmacy — all pharmacies are different and a number of unique business and operating models are obvious in the Australian pharmacy landscape; Gross margins are in decline; and Increasing reliance on prescriptions and professional services.

Over the next two weeks, I will focus on items 2 and 3. This week I would like to discuss item 1 in detail.

Many focus on the mythical average pharmacy as being representative of pharmacy. However, even on something as simple as average turnover (annual sales), the average is not representative.

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Pharmacy Finance & Valuations

Have we seen any impact yet?

A recent mortgage industry forum in Sydney concluded that "Rising borrowing costs may potentially reduce profitability for a large number of retirement village operators, thus putting downward pressure on values".

While we have not seen any such impact in pharmacy, it is probably the most frequently asked question in the market. Have PBS reforms or the financial crisis affected pharmacy values?

Retirement villages lose a third value

FALLING retirement village valuations had carved as much as 30 per cent from secondary stock since Christmas, financiers were warned.

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Access to finance remains a major concern

The recent global financial crisis has left good clients, as well as the unscrupulous, with limited access to finance from banks and financial institutions.

Arising from the US sub-prime crisis, the lending policies of all banks have become tighter. However, each bank's approach to lending varies across the banks. Many have a 'watch' position. Others are positive and looking to building their book. The flight to quality and risk pricing has been adopted by all.

The banks have become selective in the deals they will fund. Information requirements are strictly adhered to, onerous reporting requirements are being set, and cash flow / serviceability are critical to obtaining finance.

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