Claim OwnershipThe Pharmacy Ownership Podcast
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Description
Are you a pharmacist that's looking to buy, sell or start a pharmacy? Welcome to The Pharmacy Ownership Podcast!
This show is for the pharmacist with an entrepreneurial mindset. The pharmacist that want's to provide better patient care to their community. The pharmacist that wants to grow their practice!
On this show, we give independent pharmacy owners best practices for starting, selling and buying a pharmacy from over 40 years of transition research, insights, and working exclusively with independent pharmacies.
Sit down with Ollin Sykes, CPA, CITP, CMA & Scotty Sykes, CPA, CFP as they discuss topics such as the proper way to do due diligence, how much time you need to sell your pharmacy, and more!
18 Episodes
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Buying or selling a Pharmacy? Contact us New SBA rules take effect October 1, and they change how pharmacy acquisitions get financed. In this episode of the Pharmacy Ownership Podcast, Ollin Sykes, CPA.CITP, CMA and Greco De Valencia, Vice President of Pharmacy Lending at Live Oak Bank breaks down: Changes to no-money-down expansion loansHow to prepare before you buy or sellQuality of Earnings RequirementsAnd more! Check out all our social media: Facebook Twitter LinkedIn ...
Buying or selling a Pharmacy? Contact us Buying a pharmacy takes more capital than just the purchase price and knowing where that extra funding comes from can make or break a deal. In this episode of the Pharmacy Ownership Podcast, Ollin Sykes, CPA.CITP, CMA breaks down: The most common ways buyers finance a pharmacy acquisitionHow much cash buyers actually need to bring to a dealThe danger of long-term loans with short-term "calls"Why clean, tax-return-matching financials are c...
Buying or selling a Pharmacy? Contact us Basis is one of those topics every pharmacy owner hears about but few really understand until it's time to sell. In this episode of the Pharmacy Ownership Podcast, Ollin Sykes, CPA, CMA, CITP breaks down what basis actually means, why it matters, and how it directly impacts your tax bill when you sell. We cover: How basis builds over time What gain on a sale comes down toThe connection between basis and exit planningThe most common miscon...
Buying or selling a Pharmacy? Contact us Stock Purchase or Asset Purchase...Why not both? That's what you get with a 336E election. In this episode of the Pharmacy Ownership Podcast Ollin Sykes, CPA, CMA, CITP breaks down IRS Code Section 336E, one of the most powerful yet least understood tools in pharmacy acquisitions. We cover: What a 336E election actually is The key advantage for buyersPreserving capital gain treatmentRed flags to watch forAnd more! Check out all our social ...
Buying or selling a Pharmacy? Contact us Buying a second pharmacy can feel like a natural next step but the biggest challenge isn’t finding the opportunity, it’s being prepared when that opportunity shows up. In this episode of The Pharmacy Ownership Podcast, Austin Murray sits down with Ollin Sykes, CPA, CMA, CITP to break down what pharmacy owners need to consider before expanding and why readiness, not timing, is often the deciding factor in successful growth. They cover: - Why most pha...
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