Head Office: Suite 1, 'Metro Market' 33 Hollywell Road, Biggera Waters Queensland 4216
Postal: P O Box 394, Runaway Bay, Queensland 4216 Australia

FREECALL

1800 670 440

Preparing Your Pharmacy For Sale

To help you get the best price for your business, these are the things most necessary to prepare your business for sale.

In addition to the items below, stand back and see if a paint job is needed; clean out rubbish and dead stock; clean carpets, signs et cetera.

From your accountant for the last 3 years – these records should also show the name and address of the accountant.
Note any items of a personal or non-recurring nature on the profit and loss sheet.

From 1st July for the current financial year up to the present date – or better still a Profit and Loss Statement for that period.

Ascertain if they will remain on the job when the business is sold.
Compile a typical weeks staff roster, showing name, position, hours worked, weekly gross pay, superannuation, date started, long service leave, sick leave and holiday leave entitlements.

Have a full copy of your lease available.
90% of buyers borrow to buy a business and the banks require a lease sufficient to cover the repayment term of the loan – usually 5 to 7 years – so a 6 to 10 year lease term is essential.
Does this term exist or can it be obtained with a commitment in writing from the Landlord?

Are special skills required by the new owner to run the business? If special skills are required to run the business, it can still be sold but to a much more limited market and at a lower multiple of nett profit.
List the skills and diplomas/certificates that would be required to run the business.

Prepare a full detailed list of equipment, giving manufacturer, model, date purchased
Provide an accountants’ depreciation list
List ant items that are on perpetual loan or rental that do not form part of the F & F (eg: Bank EFTPOS machines, drink refrigerators, illuminated signs etc).