The Pharmacy Ownership Podcast

What Changes When You Buy the Stock Instead of the Assets

Buying or selling a Pharmacy? Contact usBuying a pharmacy through a common stock purchase can look deceptively simple but beneath the surface, the risks, liabilities, and due diligence requirements are anything but.In this episode of The Pharmacy Ownership Podcast, Austin Murray sits down with Ollin Sykes, CPA, CMA, CITP to break down the real mechanics of a common stock purchase and what pharmacy owners should expect when considering this type of transaction.They cover:The critical role of multi-year due diligence and financial normalizationWhat you’re actually acquiring in a common stock purchaseHidden liabilities buyers often inheritAnd more!Check out all our social media:  FacebookTwitterLinkedIn InstagramOllin Sykes, CPA, CITP, CMA LinkedInMore resources about this topic:  Podcast - Cash Vs. Accrual Accounting For PharmaciesPodcast - Independent Pharmacy Accounting FundamentalsPodcast - Avoiding Expensive Mistakes

Cash Vs. Accrual Accounting for Pharmacies

Buying or selling a Pharmacy? Schedule an Appointment with our transition specialistIn this episode, Ollin B. Sykes, CPA, CMA, CITP and Austin Murray break down the key differences between cash and accrual accounting for independent pharmacies. They explain how accrual-based financials provide a clearer picture of pharmacy performance, from third-party receivables and inventory adjustments to balance sheet impacts on profitability.Check out all of our social media:  Facebook Twitter (X) LinkedIn Instagram YouTube Ollin Sykes – CPA, CITP, CMA LinkedIn More resources about this topic: Podcast - Independent Pharmacy Accounting FundamentalsPodcast - Avoiding Expensive Mistakes

Pharmacy Asset Sales 101

Buying or selling a Pharmacy? Schedule an Appointment with our transition specialistIn this episode, Austin Murray and Ollin B. Sykes delve into the complexities of pharmacy asset sales. They discuss the strategic considerations for both buyers and sellers. From asset allocation to the valuation of goodwill and script files, this episode provides a comprehensive guide to navigating these transactions.Check out all of our social media:  Facebook Twitter (X) LinkedIn Instagram YouTube Ollin Sykes – CPA, CITP, CMA LinkedIn More resources about this topic: Resource - Pharmacy Startup Costs: FinancingResource - Pharmacy Startup Costs: Leases/Facility Planning

Pharmacy Ownership in 2025: Avoiding Expensive Mistakes

Buying a Pharmacy? Schedule an Appointment with our transition specialistThe NCPA Pharmacy Ownership Workshop provides valuable insights for both new and existing pharmacy owners. But what does ownership look like in 2025 and what are some of the major, and expensive mistakes owners can avoid? In this episode of The Pharmacy Ownership Podcast, Ollin Sykes, CPA, CMA, CITP, and Austin Murray discuss insights from a recent pharmacy ownership workshop, focusing on the importance of avoiding costly mistakes in pharmacy transactions and the need for strategic planning in pharmacy startups. Tune in to learn more about: - Mistakes made in the early stages and the long-term financial impacts.- Lease agreements and how to avoid burning through working capital.- Securing financing with cash flow forecasting.- And more! Interested in learning more about the podcast team and their experience? Click here  Click here for the transcriptCheck out all of our social media:  Facebook Twitter (X) LinkedIn Instagram YouTube Ollin Sykes – CPA, CITP, CMA LinkedIn More resources about this topic: Resource - Pharmacy Startup Costs: FinancingResource - Pharmacy Startup Costs: Leases/Facility Planning

Inventory and Your Valuation: Tips For Maximizing The Value of Your Pharmacy

Inventory can make or break the value of a pharmacy - especially during a sale.  But how do you ensure you’re handling it the right way? In this episode of The Pharmacy Ownership Podcast, Ollin Sykes, CPA, CMA, CITP, and Austin Murray break down the complexities of pharmacy inventory valuation and how it impacts transactions from both the buyer and seller perspectives. Tune in to learn more about: Why seasonal and expired items could hurt your bottom line How pre-sale inventory management can boost cash flow The differences between script and OTC inventory Why accurate dating and pricing matter And more! Stay up to date on new episodes by liking and subscribing!  Interested in learning more about the podcast team and their experience? Click here  Click here for the transcriptCheck out all of our social media:  Facebook Twitter (X) LinkedIn Instagram YouTube Ollin Sykes – CPA, CITP, CMA LinkedIn More resources about this topic: Podcast - What to Look for When Buying a PharmacyPodcast - Improving Cash Flow with Inventory Management