: Draft a non-binding offer that outlines the price, payment terms, and conditions for the final sale.
: Evaluate the pharmacy’s relationships with Pharmacy Benefit Managers (PBMs). Understand the risk of future audits or potential clawbacks. buying a pharmacy checklist
: If you aren't buying the real estate, check if the lease is assignable and look for "danger clauses" like the landlord’s right to relocate or demolish the building. : Draft a non-binding offer that outlines the
: Identify key employees who are vital to operations and check for any outstanding employee liabilities or special accommodations. : If you aren't buying the real estate,
Buying an independent pharmacy is a complex process that blends high-stakes financial investment with strict regulatory compliance. This checklist breaks down the critical stages—from initial evaluation to closing the deal—to help you navigate the transition successfully. 1. Pre-Purchase & Assembly
: While final approval depends on the specific store, have your financial package (personal tax returns and credit history) ready to show lenders you are a serious buyer. 2. Financial Due Diligence