Buying or selling a Pharmacy? Contact us

Selling your pharmacy to your PIC can seem like the perfect transition. But when you dig deeper, the structure, financing, and long-term implications can be far more complex than most owners expect.

In this episode of The Pharmacy Ownership Podcast, Austin Murray sits down with Ollin Sykes, CPA, CMA, CITP to break down what it really looks like to sell your pharmacy to a PIC and how these internal transitions compare to outside buyers.

They cover:

• Why selling to a PIC can create more value for both the owner and the community
• The key differences between stock sales and asset sales in internal transactions
• How seller financing and SBA loans impact deal structure
• The importance of working capital and how it can make or break the transition

And more!

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Podcast - Cash Vs. Accrual Accounting For Pharmacies

Podcast - Independent Pharmacy Accounting Fundamentals

Podcast - Avoiding Expensive Mistakes

Buying or selling a Pharmacy? Contact us

Buying 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 normalization
• What you’re actually acquiring in a common stock purchase
• Hidden liabilities buyers often inherit
• And more!

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Podcast - Cash Vs. Accrual Accounting For Pharmacies

Podcast - Independent Pharmacy Accounting Fundamentals

Podcast - Avoiding Expensive Mistakes

Buying or selling a Pharmacy? Schedule an Appointment with our transition specialist

In 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.

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Ollin Sykes – CPA, CITP, CMA LinkedIn

More resources about this topic:

Podcast - Independent Pharmacy Accounting Fundamentals

Podcast - Avoiding Expensive Mistakes

Buying or selling a Pharmacy? Schedule an Appointment with our transition specialist

In 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.

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Resource - Pharmacy Startup Costs: Financing

Resource - Pharmacy Startup Costs: Leases/Facility Planning

Buying a Pharmacy? Schedule an Appointment with our transition specialist

The 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 transcript

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Ollin Sykes – CPA, CITP, CMA LinkedIn

More resources about this topic:

Resource - Pharmacy Startup Costs: Financing

Resource - Pharmacy Startup Costs: Leases/Facility Planning

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!

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Interested in learning more about the podcast team and their experience? Click here

Click here for the transcript

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Ollin Sykes – CPA, CITP, CMA LinkedIn

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Podcast - What to Look for When Buying a Pharmacy

Podcast - Improving Cash Flow with Inventory Management

Looking at buying a pharmacy? Do proper due diligence - schedule a meeting with us here.

The most important step you can take when buying a pharmacy is performing the right due diligence, but what should you be looking for?

In this episode of The Pharmacy Ownership Podcast, Scotty Sykes, CPA, CFP®, and Ollin Sykes, CPA, CITP, CMA share critical insights into the due diligence process when purchasing a pharmacy.

Tune in to learn more.

Did you like this episode? Stay up to date on new episodes by liking and subscribing!

Want to read and follow along with this episode? Click here for the transcript.

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Ollin Sykes , CPA, CITP, CMA LinkedIn

Scotty Sykes – CPA, CFP LinkedIn

Scotty Sykes – CPA, CFP Twitter

More resources about this topic:

Podcast – What is Due Diligence

Think you're ready to sell your pharmacy? Schedule a meeting with us!

If you're a multi-location pharmacy owner, you’re going to want to tune in to this episode of the Pharmacy Ownership Podcast!

In this episode Scotty Sykes, CPA, CFP® and Ollin Sykes, CPA, CITP, CMA tackle a common yet complex issue: selling a single pharmacy location from a multi-store entity.

With real-world examples, Scotty and Ollin walk you through:

• The crucial steps of spinning off one location
• Importance of proper accounting practices, like using class codes for profit and loss statements and balance sheets
• Common pitfalls pharmacy owners face when they haven’t prepared for such a transaction
• Key advice for owners looking to avoid financing roadblocks and ensure a smooth sale

Read this episode at our transcript here

Did you like this episode of The Entrepreneurial Pharmacy Podcast? Stay up to date on new episodes by liking and subscribing!

Interested in learning more about the podcast team and their experience? Click here

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