Buying A Pharmacy Checklist — Official

: Ensure the seller signs a non-competition and non-solicitation agreement to prevent them from opening a competing shop or poaching patients nearby. 5. Finalizing the Transaction

: Confirm the pharmacy is in good standing with the State Board of Pharmacy and has all required DEA registrations and billing permits. buying a pharmacy checklist

: Draft a non-binding offer that outlines the price, payment terms, and conditions for the final sale. : Ensure the seller signs a non-competition and

: Request 3–5 years of tax returns and internal financial statements . Cross-reference these to ensure the numbers match and represent true cash flow. buying a pharmacy checklist

: Audit the Pharmacy Management System (PMS) and automated dispensing units. Determine if capital reinvestment is needed for upgrades. 4. Valuation & Negotiation