Practice4Sale Blog (Page 10)

The Medici Capital Pharmacy Ownership Ready Series (Melbourne) commences this week! If you're looking to buy a pharmacy, this event is a must. Register your expression of interest with Medici Capital ASAP to ensure that you can secure a place at this event.

On average, it takes a first-time pharmacy owner 3 years to buy a pharmacy - from the time they decide to buy, to the time they actually settle on their first business. Given that this is only the average, for many pharmacists the process can take much longer! So to give yourself the best opportunity to buy a pharmacy, it is important that you dedicate time to the process.

For many of you, the new financial year may have brought some new year resolutions. Some of those may relate to ownership - or more specifically the purchase of a business. In order to ensure that you achieve these resolutions, it is important that you take some time to consider how you plan to achieve these aspirations. Depending on your progress to date, and your experience in the market, this will vary. One of the most important considerations is how to fund the acquisition.

A new listing has been added to Practice4Sale for an Accounting Practice in Melbourne.

A new pharmacy for sale has been listed for sale in Victoria.

Are you thinking of selling your accounting practice? Not sure if it's the right time to sell? Wondering if there are any interested buyers around? At Practice4Sale, we've seen a recent spike in interest from registered buyers on the website and we have a large number of buyers keen to purchase accounting listings.

A recent article in Pharmacy News raised concerns from a pharmacist about the viability of the community pharmacy model. My own position is that the community pharmacy model will likely be prevalent for a long time to come!

On average, it takes a first-time business owner 3 years to buy a business - from the time they decide to buy, to the time they actually settle on their first business. Given that this is only the average, for many practitioners the process can take much longer! So to give yourself the best opportunity to buy a business, it is important that you dedicate time to the process.

When you have found a business that suits you, it will come time to place an offer on the business. When the time comes, you will need to ensure that your offer is complete, realistic and likely to appeal to the vendor's requirements.

At the end of the day, the market price for a business is not always rational. It's the price a buyer and seller are willing to transact at. And sometimes, there is simply no logical explanation for the price paid.