We Are Not Brokers

We Are Not Pharmacy Brokers

First, we are not brokers. We are buyers. We are the people who will buy and own the pharmacy.  There is no commission to pay with us.

This leads to the question, should you use a pharmacy broker?

A pharmacy broker adds value if they introduce you to a buyer. If you found this site yourself, and your pharmacy has $3m or more in revenue (gross sales), please contact us to start a conversation. If one of the many brokers that we know has sent you to our site, you are in the hands of a credible professional who has added value to your transaction by introducing you to us.

Keep in mind that we offer the same price whether you use a broker or not. See our sections on Valuations and How We Negotiate for more information about this.

And also consider that it is the banks that set the upper price limit on a pharmacy, not a broker. Therefore, it is ultimately the lender’s valuation that rules, not the valuation proposed by the buyer, seller, or broker. Sometimes these parties have different opinions about the risk profiles of a store. As a result, what you need to find is a buyer who is able to get — and willing to pay — in the top bracket of what the lenders will lend. We do this for two reasons. First, we want to build a reputation in the pharmacy community for paying “top dollar” for stores. Second, we have the credit, credibility, collateral, character, relationships, and operational experience to get our valuations approved by our lenders.

To ensure that we pay maximum value and that our deals get financed, we have retained a retired senior vice president of one of the largest pharmacy lenders in America. He prepares our finance packages in a manner that gets them approved. Most other buyers have their loan packages prepared by a bank sales agent who does not have the experience. To date, we have never had a bank reject our applications – in fact, the banks call us weekly to compete for our business.

Pharmacy M&A

M&A means “Mergers and Acquisitions,” which is a fancy way of referencing the buying and selling of a business.

A merger is when one store combines into another store. For example, when CVS, Walgreens or RiteAid, for example, buy or acquire a pharmacy, they actually merge it into one of their nearby stores (firing the staff).

We only do acquisitions, which means we buy (acquire) the store and keep it operating as is, with the same name, location and retention of all staff.

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