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! 

Stay up to date on new episodes by liking and subscribing!  

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

Click here for the transcript

Check out all of our social media:  

Facebook 

Twitter (X) 

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Ollin Sykes – CPA, CITP, CMA LinkedIn 

More resources about this topic: 

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.

Stay connected with us on social media:

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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

Stay connected with us on social media: 

Sykes & Company P.A.:  

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Twitter
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Ollin Sykes , CPA, CITP, CMA LinkedIn
Scotty Sykes – CPA, CFP LinkedIn
Scotty Sykes – CPA, CFP Twitter 

One of the most common questions we get from pharmacy owners looking to buy or sell a pharmacy is “what’s the pharmacy worth?”

In this episode of The Pharmacy Ownership Podcast, Ollin Sykes, CPA, CITP, CMA and Scotty Sykes, CPA, CFP discuss assessing the worth of your pharmacy, maximizing the value of your pharmacy, maximizing cash flow, and more!

Stay up to date on new episodes by liking and subscribing! Click here to learn more about our podcast team and previous episodes.  

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

Want to stay connected with us on social media: 

Sykes & Company P.A.:  

Facebook
Twitter (X)
LinkedIn
Instagram 
 

CPA’s: 

Scotty Sykes – CPA, CFP LinkedIn 

Scotty Sykes – CPA, CFP Twitter 

Ollin Sykes – CPA, CMA, CITP LinkedIn

More resources about this topic:  

Podcast – Preparing to Sell Your Pharmacy 

Blog – Do These 2 Things Before Selling Your Pharmacy 

Service – Buying and Selling Advisory 

Service – Rx Assessment 

Before selling your pharmacy, it’s important that you have sound financials, but what other steps need to be taken? 

In this episode of The Pharmacy Ownership Podcast, we dive deep into what you need to consider when selling your pharmacy. We talk about what pharmacy lending banks are looking for, cash vs. accrual accounting, perpetual inventory, and more! 

Stay up to date on new episodes by liking and subscribing! Click here to learn more about our podcast team and previous episodes.  

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

Want to stay connected? Check out all of our social media:  

Sykes & Company P.A.:  

Facebook
Twitter (X)
LinkedIn
Instagram 
 

CPA’s: 

Scotty Sykes – CPA, CFP LinkedIn
Scotty Sykes – CPA, CFP Twitter
Ollin Sykes – CPA, CMA, CITP LinkedIn 

More resources about this topic:  

Blog – Do These Two Things Before Selling Your Pharmacy
Blog – Selecting Advisory Services for Selling a Pharmacy Business
Blog – Roadblocks to Selling Your or Buying a Pharmacy
Podcast – The Entrepreneurial Pharmacy Podcast: Are You Ready to Sell Your Pharmacy 

Before buying a pharmacy, it’s important that you do your due diligence, but what does due diligence look like?  

On this episode of The Pharmacy Ownership Podcast, Ollin Sykes, CPA, CMA, CITP and Scotty Sykes, CPA, CFP discuss everything about Due Diligence. 

We share the different types of due diligence, why it’s important to do your due diligence, what information you need to look for, and more! 

Stay up to date on new episodes by liking and subscribing! 

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

Want to read and follow along with this episode? Click below for the transcript: 

(insert transcript link) 

Want to stay connected? Check out all of our social media: 

Sykes & Company P.A.:  

Facebook 
 

Twitter (X) 
 

LinkedIn 
 

Instagram 
 

CPA’s: 

Scotty Sykes – CPA, CFP LinkedIn 

Scotty Sykes – CPA, CFP Twitter 

Ollin Sykes – CPA, CMA, CITP LinkedIn 

More resources about this topic:  

Blog – The Importance of Due Diligence When Buying a Pharmacy

Blog – The Pharmacy Buyers Guide to a Common Stock Purchase

Blog – The Step-by-Step Process to Buying a Pharmacy

Are you interested in buying a pharmacy but aren't sure how or where to even start?  

Often, we get approached by entrepreneurs looking at buying a pharmacy but aren’t sure what kind of pharmacy they are buying and what the difference between an asset purchase and a common stock purchase is.  

In this episode of The Pharmacy Ownership Podcast, Ollin Sykes, CPA, CITP, CMA and Scotty Sykes, CPA, CFP bring you 40 years of pharmacy CPA insights that dive deep into how to buy a pharmacy, some things you need to consider before buying, whether you should do an asset purchase or a common stock purchase, and more!


Interested in buying a pharmacy? We can help! Click to learn more about our Pharmacy Specific Buy/Sell Service

Stay up to date on new episodes by liking and subscribing!

Click here to learn more about our podcast team and previous episodes.  

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

Want to stay connected? Check out all of our social media:

Sykes & Company P.A.:

Facebook

Twitter (X)

LinkedIn 

Instagram 
 

CPA’s: 

Scotty Sykes – CPA, CFP LinkedIn 

Scotty Sykes – CPA, CFP Twitter 

Ollin Sykes – CPA, CMA, CITP 

More resources about this topic:  

Video Series - Buying a Pharmacy

Video Blog – Buying a Pharmacy in a Stock Purchase

Video Blog – Buying a Pharmacy: Your Step-by-Step Process

Video Blog – The Importance of Due Diligence When Buying a Pharmacy

Video Blog – Questions to Ask When Buying a Pharmacy 

Service – Buying or Selling a Pharmacy

Are you planning on selling your pharmacy? Do you think you’re ready to sell your pharmacy? 

Many pharmacy owners underestimate the amount of time and planning it takes to optimize the value of your pharmacy so you can make the most money from your transition.  

On this first episode of The Pharmacy Ownership Podcast, Ollin Sykes, CPA CMA, CITP and Scotty Sykes, CPA, CFP share insights into how to make the most money from your pharmacy sale, proper timing and planning when selling your pharmacy, what you need to consider, and more! 

Stay up to date on new episodes by liking and subscribing! Click here to learn more about our podcast team and previous episodes.

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

Want to stay connected? Check out all our social media:  

Sykes & Company P.A.:  

Facebook

Twitter (X)

LinkedIn 

Instagram 
 

CPA’s: 

Scotty Sykes – CPA, CFP LinkedIn 

Scotty Sykes – CPA, CFP Twitter 

Ollin Sykes – CPA, CMA, CITP LinkedIn 

More resources about this topic:  

Article – Do These Two Things Before Selling a Pharmacy 

Article – How to Maximize Your Pharmacy’s Value for Sale 

Article – How to Stay Out of Trouble When Selling Your Pharmacy 

Article – When a Pharmacy Sale is a Bad Idea