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19 Replies Last post: Sep 8, 2009 4:20 AM by webmirer

Buying an existing pharmacy.

Mar 27, 2009 8:15 PM

Click to view adyrph's profile Start-up adyrph 1 posts since
Mar 27, 2009
Hello, I am a pharmacist licensed in Florida. I live in Miami and I would like some advise on buying an existing pharmacy versus starting it "from scratch". Any body out there with experience?
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Click to view LLCguy's profile Mogul LLCguy 18 posts since
Mar 23, 2009
1. Re: Buying an existing pharmacy. Mar 27, 2009 8:29 PM
in response to: adyrph
do your homework and get a business plan in place if this is what you want to do.

Remember you're going from a pharmacist to a business owner. now you put out the fires and lead a team (your staff), you'll be dealing with vendors, landlords, customers, tech, marketing, sales, accounting, janitor.. you get my drift. just be ready for that and know your weak areas. I for one love marketing and creating so I don't hire another me, I hire the opposit to take care of the things I don't do.

make sure you pay fair market value as well, there are business brokers in Miami that can help you with this process. their experiance is worth the commission. you may even what to get a lawyer to review the deal to make sure you cover all your bases.

Good luck!

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Click to view mygenieforyou's profile Mogul mygenieforyou 23 posts since
Mar 30, 2009
2. Re: Buying an existing pharmacy. Mar 30, 2009 11:55 AM
in response to: adyrph
I have experience on marketing and have found a really cool tool that will help you build your business!! You can download this for free and find out how it will help you and your business!

http://geniesavesyoumoney.com

Dan
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