Purchase / Start / Sell / Manage a Pharmacy

Monthly Ownership Spotlight Article

• Pharmacy Ownership Couples

Resources for Selling a Pharmacy

• Employee Stock Option Plans

Summary of ESOP Uses
Highlights of Major ESOP Tax Shields
Tax Free Liquidity

• University of Washington NCPA Foundation Grant: Facilitating Pharmacy Ownership in America's Future Pharmacists
• Junior Partnership Transfer: Describes selling to a junior partner for little or no money down.
  
• Pharmacy Matching Service: Matches sellers with aspiring owners.
• Members Only:
  

  Tony DeNicola Column: America's Pharmacist Series on positioning to sell your pharmacy or buy a pharmacy.
  

  What is That Independent Pharmacy Worth?
  Developing an Effective Exit Strategy
  Whether a Start-Up or Acquisition, Armor Yourself with Knowledge
  Location, Location, Location: Consider Your Lifestyle First
  Buying or Selling a Pharmacy Tests Rarely Used Negotiating Skills (Part 1)
  Buying or Selling a Pharmacy Tests Rarely Used Negotiating Skills (Part 2)
  Before Closing, Pay Attention to the Details
  Documenting Your Business Activity is Essential in Determining Value
  Owning an Independent Pharmacy Can Be a Fulfilling Experience
  

• Estimating the Value of a Pharmacy
  
• Sample Business Plan: Western University, as part of a grant from the NCPA Foundation, developed a sample Pharmacy Management Course for pharmacy students including this sample business plan.
  

Resources for Purchasing / Starting a Pharmacy

• Junior Partnership Transfer: Describes selling to a junior partner for little or no money down.
• Pharmacy Matching Service: Matches sellers with aspiring owners.
• Pruitt-Schutte Live Business Plan Competition Handout: Read extracts from the winners of the Pruitt Schutte Business Plan Competition supported by Mallinckrodt and the NCPA Foundation, the Pruitt and Schutte families, and Mallinckrodt Pharmaceuticals.

Resources for Managing a Pharmacy

• How Much Should You Pay Yourself
  
• Wise Tips in Disaster Planning

Student Resources

• Entrepreneurship Survey: A 2003 survey of management courses in pharmacy schools
  
• VCU Course in Pharmacy Dream Building: Entrepreneurial pharmacy students hear guest speakers share real world experiences.
• Western University NCPA Foundation Grant: Business start-up resources developed by Western University in response to a grant from the NCPA Foundation.
• Pruitt-Schutte Business Plan Competition: Read more about the Business Plan Competition for future pharmacist entrepreneurs.

Additional Resources

• NCPA Management Institute
  
• NCPA-Pfizer Digest: How do you know how your pharmacy compares?
  
• Profit Mastery: Performance must be measured to be successful. Find the tools you need here.
  
• Virtual Mentors for Pharmacy Ownership: FAQs for aspiring owners; ask a question of a Virtual Mentor.
  
• NCPA Bookstore: Products and programs tailored for independent pharmacists.
  
• Pharmacist e-Link
  
• Small Business Administration: SBA can help.  Learn how.
  
• SCORE: Mentors from many industries who work with SBA
  
• Key Member Program
  
• Remodeling Your Pharmacy