Buying A Pharmacy

Jack Washburn is the owner of Washburn & Associates. Jack has 31 years of pharmacy industry experience. He is a pharmacy expert and is respected industry wide for his integrity and knowledge. Jack’s skills and valuations are respected not only by hundreds of pharmacy chains and independents, but also by the largest financial institutions.

When deciding between completing an acquisition yourself, or to use Washburn & Associates, you will need to weigh several factors including skills, knowledge, and time. We can provide expert skills. Knowledge is power and we have extensive know how in valuing and transferring pharmacies. Transactions are time consuming. When doing it yourself, how many additional hours will you need to work to complete the transaction and then still not be certain if all the details were done correctly?

Acquisition searches we conduct are targeted and specific to the buyer. This allows us to provide the buyer with real prospects. We don’t want to spend the buyer’s time with transactions that don’t meet the buyer’s parameters. All searches and information is kept confidential.

The targeted acquisition process alone can be an expensive and laborious process. We do not simply list pharmacies and then put them in the classifieds ads. Washburn & Associates does targeted acquisition searches and transactions for qualified buyers at no cost or obligation to the buyer. By the time we have completed our entire process of interviewing, the detailed analysis, a site survey, etc., Washburn & Associates has substantial cash and time invested.

Buyers requesting Washburn & Associates services in conducting a targeted acquisition will either need to be pre qualified for the financing, or show proof of ability to complete a cash transaction. When a potential buyer needs assistance in the financing process Washburn & Associates can provide business plan development, and presentation to lenders.

Qualifiers*

1. Client has 20% to 30% equity, and 100% collateral.

2. Current balance sheet shows cash available and positive equity.

3. Cash flow statements shows there is enough cash flow to service the debt. 

4. Owners of the business have a track record in the industry.

5. Past financials tell a positive story.

6. Projections based on industry standards, or historical data.

*Under most circumstances

In mergers and acquisitions it is important to understand confidentiality, and how perceived changes may affect employees and customers. Washburn & Associates is a professional company who respects the Seller’s concerns. We only work with qualified Buyers and do not provide Client information to those who are not serious about buying or expanding their business.