With pharmacy affordability at an all-time low, for many young pharmacists, owning a community pharmacy will never be an option.
"Banks are certainly lending for a lower proportion of pharmacies," says John King, who has been valuing, selling and financing pharmacy sales for more than two decades.
King is a Director of Pharmacy Business Sales, holds an MBA and is also on the panel of valuers for several banks. He says that these days, banks will usually lend up to 70 per cent of the valuation of a pharmacy to a buyer, whereas before the Global Financial Crisis, they may have lent up to 85 percent.
"If you are looking to buy a pharmacy that's valued at around $1.1 million,...
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