At 1st Med Transitions, we understand that Selling A Pharmacy on your own can be a difficult and time consuming task. You may be asking yourself... is now the time to sell my Pharmacy? Whether you are ready to sell or just starting to entertain selling your Pharmacy, our transition advisors are happy to discuss your options.
We know that you have invested years of hard work and sweat equity into your Pharmacy. When it comes time to sell your Pharmacy, you want to have the right team in place to help and support you every step of the way. At 1st Med Transitions, we have developed a streamlined process to generate the most potential buyers in the least amount of time and maximize the sales price of your practice.
This is the first and most important step in the process. We will discus your goals, objectives and timeline for sale and of course, answer any questions you may have. We will asses your current situation and provide you with our opinion on what the market will potentially bear for your Pharmacy.
If we decide to move forward with a valuation review, your transition advisor will request financial's, practice reports and a practice profile to be provided. Upon review and analysis, your advisor will present his opinion of value for the practice and discuss the optimal pricing and marketing strategy.
Our goal is to maximize the pool of buyers who have a chance to review your listing. The more competition we can generate for your practice, the higher the potential for sale and maximum income. We accomplish this through our extensive Marketing Verticals including Paid Search, SEO, Email, Social Media, Industry Web sites & Forums, Direct Mail to Home and our always growing database of 20,000+ Pharmacists Nationwide..
One of the most overlooked part of the Pharmacy Sales process is the sales negotiation. Every contact between buyer, seller and broker, from initial discussion to closing, is an opportunity to lay the groundwork for future negotiations. One single event does not typically lead to the successful sale of your Pharmacy. It is a combination of the presentation, offering memo, timely communications and direct industry knowledge that lead to a win-win negotiation.
We've accepted an offer, but our work is not done. The difference between a closed transaction and a failed one, can many times comes down to the attention to details. We will work with the buyer on reviewing the books, practice reports, securing financing (if needed) and sales contract negotiations.
There are a number of aspects that lead to a successful closing - deal structure, non-competes, escrow, representations and warranties and transitions agreements. We stay on top of every step in the process from the marketing, letter of intent, due-diligence to the purchase & sale agreement and ultimately closing.
The sale is finally closed, but our job is not yet complete. Perhaps one of the most important, but often overlooked parts of the sales process is the Post Close Transition Period. There are many factors to consider, including credentialing, procedures and systems training, employee management, insurance transfer, etc. Our Transition Advisors make sure both parties are comfortable with the plan and are always available to help execute it.
To get started, complete our Pharmacy Sales Consultation Form Here and one of our experienced practice transition advisors will contact you within 24 hours.
Our Transition Advisors are happy to answer any and all of your questions.
Senior Transition Advisor
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Congratulations! You are at the stage of your dental career where you are finally ready...
years of industry experience
satisfied clients and counting
in closed practice transactions
1st Med can assist in all of your dental practice sales needs. Let our transaction experience, extensive network of healthcare resources and clear commitment to personalized client service go to work for you.
Direct Industry Experience
Save with 5% Commission
Free Practice Valuations
30-Day Listing Agreements
Use The Latest Technology
Independent & DSO/Corporate Buyers
Complete our Sales Consultation Form Here and one of our transition advisors will contact you to discuss your sales goals.
Your Transition Advisor will listen to and discuss your specific professional and sales goals and review the financial and clinical aspects of your practice. With your input, we will determine a reasonable market value and listing price for your practice.
We will market your practice for sale through our multiple marketing channels to reach the maximum potential buyers and generate as much interest as possible!
"Michael has assisted me on 2 different occasions in obtaining financing and selling my Pharmacy that I have owned. He has made the process seamless and we closed both transactions. I highly recommend Michael's services."
"My experience with 1st Med Financial was second to none. From the initial phone call to the final closing they were available to address any issues or concerns."
"David was always avaliable over the phone 24/7 to help solving any issue we faced or we might face during our deal. We really appreciate his hard work and continued follow up. "
"I was very thankful for David Goldstein and Mike Furlong throughout this process. They were both very accessible and very helpfuL! Their number one priority was to get my deal done as quickly and as seamlessly as possible and they delivered!"