FAQ

The average transaction time can range from a few months to several quarters. A sell strategy and a data room helps expedite the process.

Confidentiality is the name of the game in this business; We provide strict non disclosures, non circumventions and non compete articles to protect your interests.

More than one factor goes into property valuing a pharmacy. Our service combines traditional and modern methodologies to produce a realistic, defensible valuation.

Over the years of working in the pharmacy industry in Canada we have a short list of serious buyers. Relationships within the banking sector are another significant advantage when working with us.

These agreements restrict who you can and cannot work with. We do not create exclusive listing agreements unless you want us to.

Well not to brag but we believe practice makes perfect -and we have a lot of practice. The bulk of our fees are performance based – when you win, we win. 

Typically we provide 1 free hour of consultation to determine your specific strategy and solutions ; We generally require a retainer upon engagement. Consultant rates range from $100 to $200 per hour. 

Your success is paramount to us. We bring fresh eyes and deep knowledge to the table for your gain. We don’t hold back – from us you will get the most accurate and up to date information in the industry today.

In BC and Alberta the regulatory requirements and standards for operating pharmacy can be found at https://abpharmacy.ca/for-the-public/who-can-own-and-run-a-pharmacy/ and at https://www.bclaws.gov.bc.ca/civix/document/id/complete/statreg/43_2018

The College of Pharmacists in either BC or Alberta makes it simple to access the information  required to secure a pharmacy license, and to register as a pharmacists, including for intentional pharmacists intending on practicing in Canada.

At the minimum you need general liability and malpractice coverage. However in today’s environment it is prudent to exercise greater insurance coverage. Let us help you with this using our network of pharmacy specific insurance companies. Pharmacy Associations in BC and Alberta offer a great starting point to understand what is needed. Access that information here – [Link Missing]

Making yourself visible and demonstrating integrity are simply the first step in this process. Building relationships takes time, so be patient and persistent. Talk to us about the process.

The layout and design of a pharmacy play a crucial role in creating a functional and efficient space that meets the needs of both staff and customers.  We have assisted retail pharmacy and specialty pharmacy and everything in between.

Effective inventory management requires a combination of strategic planning, accurate data, and efficient processes. Our experience with software, training and relationships with wholesalers can be leveraged by your pharmacy. 

It’s essential for pharmacies to evaluate and adopt new technologies that align with specific business needs and patient outcome goals.

valuable insights into best practices for data privacy and security in the pharmacy setting.be aware of both federal and provincial privacy laws that apply to their operations. Compliance with these laws is crucial for protecting patient privacy and avoiding legal consequences. Additionally, organizations should stay informed about updates and amendments to privacy regulations to ensure ongoing compliance.

Addressing financial challenges requires a comprehensive approach that combines strategic planning, operational efficiency, and adaptability to changes in the healthcare landscape. Pharmacy owners should actively seek opportunities for improvement, stay abreast of industry trends, and implement a culture of financial responsibility within their organization.

Independent pharmacies offer owners a degree of flexibility and personalization. Banner or Chain pharmacies offer more standardized practices and a corporate support structure.