Buying A Pharmacy Checklist May 2026

: If you aren't buying the real estate, check if the lease is assignable and look for "danger clauses" like the landlord’s right to relocate or demolish the building.

: Ensure the seller signs a non-competition and non-solicitation agreement to prevent them from opening a competing shop or poaching patients nearby. 5. Finalizing the Transaction buying a pharmacy checklist

: Conduct a professional count at the time of closing. Look for expired or slow-moving stock and verify it was purchased from licensed suppliers. 3. Operational & Legal Assessment : If you aren't buying the real estate,

: Work with your attorney to include robust representations and warranties that protect you from undisclosed liabilities. Finalizing the Transaction : Conduct a professional count

: Decide whether you are seeking a share sale (buying the legal entity, including all liabilities) or an asset sale (buying only the specific business assets).

: While final approval depends on the specific store, have your financial package (personal tax returns and credit history) ready to show lenders you are a serious buyer. 2. Financial Due Diligence