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Pharmacy Financing for Pharmacy franchise owners may have started their franchised pharmacy business during times when the profits margins were higher than what the industry is currently experiencing. During this period of history economic factors have sprung up and the pharmacy market conditions have changed. Although gross sales may be on the increase, nationwide net profit margins for pharmacies and drug stores have been experiencing a decline leaving some franchisees in a difficult position of paying the franchise royalties and having enough remaining funds to properly operate their business. This situation has added to the steady decline in the business values of pharmacies. Some pharmacy franchise agreements have very strict impediments to changing with the current market conditions. Therefore, pharmacy franchise owners who may not survive the tightening profit ratios only have the options of bankruptcy, or buying out the Franchise Agreement. Buying out the pharmacy franchise agreement allows the pharmacy owner more flexibility in the decision making for their business and family. Funding the buyout can be less costly than the franchise fees. Being free and clear of the franchise agreement permits the pharmacy owner to sell the business without restrictions from the franchisor. Those who do not have the cash to buy out the remaining years of the franchise agreements have options of financing the buyouts. There are internal financing opportunities from franchisors. However, franchisees may now find more favorable terms when financing the pharmacy franchise agreement buyout through the consulting firm Washburn & Associates. A special funding program is available that allows the financing of pharmacy franchise agreement buy-outs. A no cost, no obligation financing quote can be provided to pharmacy franchise owners who want to explore their pharmacy financing options. There is limited funding available for this specific funding program, so interested parties need to act with some urgency. If you are a pharmacy franchise owner, and you are considering
the option of buying out your franchise agreement, and you would
like more information on this topic, please complete the following
web form. All information remains confidential.
Washburn & Associates is a firm that specializes exclusively in the pharmacy industry providing valuation, acquisition and finance solutions to pharmacy owners. Completing more than $4 Billion of pharmacy valuations per year allows for in-depth knowledge of the pharmacy industry.
When you are looking for effective business strategies, use the
expertise of
Washburn & Associates
for your benefit. |
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