The current economic climate makes 'going it alone’ a daunting prospect for those looking to own their own pharmacy. Linking up with a suitable partner can often be a wiser option.
With bank lending coming to almost a standstill, and pharmacy continuing to achieve good results leading to prices not declining in line with other asset categories, it seems the only viable option for young pharmacists may be to enter into a pharmacy partnership to achieve their dream of ownership.
The inevitable conclusion: The days of outright ownership may be over for most young, or for that matter, most first-time owners.
One may argue that this is an obvious statement, but let’s look at it a little closer. The average pharmacy is worth...
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