Think you're ready to sell your pharmacy? Schedule a meeting with us!
If you're a multi-location pharmacy owner, you’re going to want to tune in to this episode of the Pharmacy Ownership Podcast!
In this episode Scotty Sykes, CPA, CFP® and Ollin Sykes, CPA, CITP, CMA tackle a common yet complex issue: selling a single pharmacy location from a multi-store entity.
With real-world examples, Scotty and Ollin walk you through:
- The crucial steps of spinning off one location
- Importance of proper accounting practices, like using class codes for profit and loss statements and balance sheets
- Common pitfalls pharmacy owners face when they haven’t prepared for such a transaction
- Key advice for owners looking to avoid financing roadblocks and ensure a smooth sale
Read this episode at our transcript here
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Interested in learning more about the podcast team and their experience? Click here
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