Dear.My

Buying service

Buying A Pharmacy

Buying a pharmacy can be stressful and very nerve wracking. There is so much to learn and think about from the valuation of the business, the purchase agreement and business plans to licensing, insurance contracts and wholesale agreements not to mention you are probably going to take on a loan. Let us be your partners and help you through the journey because we have been there and know how to guide you through it.

Our Deliverables

PHARMACY VALUATION

Do you know what you should pay for a pharmacy? We will assess any pharmacy being considered for purchase and provide the true value of the investment.

WHAT'S FOR SALE? PHARMACY SEARCH

Are you struggling to find a pharmacy for sale? Identify the characteristics of the pharmacy that you're looking for such as type (e.g., full line retail, long-term care, compounding, specialty), size (e.g., number of scripts, total revenue), and location (e.g., region, state, city). We have hundreds of industry contacts, let us help you find the right pharmacy in the right location.

LOCAL MARKET ANALYSIS

We will do an extensive analysis of the target market including demographics, competition and referral sources.

BUSINESS PLAN AND PRO FORMA CREATION

What do financiers look for when making a decision on whether to approve a loan or not? We know, let us assist you with the creation of a business plan and pro forma used to gain financing from either investors or banks.

FINANCING

How much is required to buy a pharmacy and how do I get the money? We work with banks familiar with the pharmacy industry who are ready to invest in you.

NEGOTIATION

Have you ever negotiated the purchase of a business? Chances are you have minimal experience purchasing a pharmacy so let us help you ensure you do not leave money on the table.

LICENSING ASSISTANCE

Gaining the required license is complicated and difficult. We have a team that will help you know what licenses are needed, submit the applications and track everything until completion. This includes DEA, state, and 3rd party billing requirements.

WHOLESALER SETUP AND NEGOTIATION

Cost of goods can make or break a pharmacy. We will outline the vendors available and when possible negotiate terms on your behalf.

MARKETING PLAN

An owner transition can be difficult. We will provide you with a marketing plan for employees, customers and the community.

VENDORS

Knowing the vendors who are available is half the battle. We have a list of vendors for every need including benefits, accounting, pharmacy design, technology and more. We can then make recommendations based on your needs.

BUYERS GUIDE

This is a comprehensive online checklist outlining everything that should be completed before and after an acquisition. Our goal is two-fold, provide direction and try to limit your risk in an acquisition.

Buyer Types

First Time Buyer

Do you have a dream of owning your own pharmacy? You may be someone who has recently graduated from pharmacy school or someone who has worked as a pharmacist for several years now, and has the dream of pharmacy ownership. The biggest challenge that first-time buyers run into is having the necessary cash to purchase a pharmacy. This is where Dear.My excels given our knowledge and experience working with these types of buyers.

Current Owner

Are you ready to Expand your Pharmacy Ownership? Multi-store owners are a growing segment within the pharmacy market. Over the last five years, the idea of owning multiple pharmacies has gained traction and the results have shown that it's a solid business model. Whether you own two pharmacies and are looking for a third, or you own thirty and are looking to grow to forty, there are structures and strategies you can use to leverage your business equity and expand.

Staff Pharmacist

Do you have the opportunity to purchase the pharmacy where you work? A transition of pharmacy ownership from an owner to an employee makes for an easy transition plan for both the buyer and seller because the buyer is already familiar with the pharmacy, the employees, and, most importantly, the customers. A sale of ownership to an employee can also eliminate what sometimes ends up being a lengthy search process for a buyer. Dear.My can bring great value to a scenario like this because we are able to work with both the buyer and the seller to facilitate the transfer of ownership in a timely and efficient manner.

Business Investor

Looking to Invest in Pharmacy? There are many opportunities in the pharmacy market that may fit the criteria you are looking for in a business acquisition. Dear.My can assist in educating you about the pharmacy industry, so that you can quickly narrow down your search for a store and save time, energy, and money. We may also help you avoid purchasing a pharmacy that isn't the right investment for you and your partners.

Are you not in need of our Buying Service but still interested in being made aware of pharmacies for sale? Register as a buyer and we will notify you of future pharmacies that we list for sale that meet your criteria.

Buyer Registration

Service

Starting A Pharmacy

Starting a pharmacy is really hard but can also be one of the most rewarding things you ever do. Every step is a learning curve from finding a location, leasing a building, obtaining financing to marketing the business for launch to obtaining your PBM contracts. We will be your partner every step of the way and treat it like we were opening the pharmacy ourselves making the journey a lot less stressful and much more fun.

Our Deliverables

OPENING CHECKLIST

Want to start a pharmacy but not sure where to begin. This is a comprehensive checklist outlining what needs to be done prior to opening your doors. This checklist includes each action item, timeframes for completion, vendors and estimated costs so you do not have to do the research. Our goal is to provide you direction and ensure nothing business critical is missed. Our objective is to prevent any delays in opening, as that can be detrimental to cash flow and the overall success of the pharmacy.