Advertise on podcast: The Pharmacy Ownership Podcast

Buying or selling a Pharmacy? Contact us Buying a pharmacy takes more capital than just the purchase price and knowing where that extra funding comes from can make or break a deal.  In this episode of the Pharmacy Ownership Podcast, Ollin Sykes, CPA.CITP, CMA breaks down:  The most common ways buyers finance a pharmacy acquisitionHow much cash buyers actually need to bring to a dealThe danger of long-term loans with short-term "calls"Why clean, tax-return-matching financials are critical to getting approvedAnd more! Check out all our social media: Facebook Twitter LinkedIn  Instagram Ollin Sykes, CPA, CITP, CMA LinkedIn More resources about this topic: Podcast - Cash Vs. Accrual Accounting For Pharmacies Podcast - Independent Pharmacy Accounting Fundamentals Podcast - Avoiding Expensive Mistakes

Buying or selling a Pharmacy? Contact us Basis is one of those topics every pharmacy owner hears about but few really understand until it's time to sell.  In this episode of the Pharmacy Ownership Podcast, Ollin Sykes, CPA, CMA, CITP breaks down what basis actually means, why it matters, and how it directly impacts your tax bill when you sell. We cover: How basis builds over time What gain on a sale comes down toThe connection between basis and exit planningThe most common misconceptions owners haveCheck out all our social media:  Facebook Twitter LinkedIn  Instagram Ollin Sykes, CPA, CITP, CMA LinkedIn More resources about this topic:  Podcast - Cash Vs. Accrual Accounting For Pharmacies Podcast - Independent Pharmacy Accounting Fundamentals Podcast - Avoiding Expensive Mistakes

Buying or selling a Pharmacy? Contact us Stock Purchase or Asset Purchase...Why not both? That's what you get with a 336E election.  In this episode of the Pharmacy Ownership Podcast Ollin Sykes, CPA, CMA, CITP breaks down IRS Code Section 336E, one of the most powerful yet least understood tools in pharmacy acquisitions. We cover: What a 336E election actually is The key advantage for buyersPreserving capital gain treatmentRed flags to watch forAnd more! Check out all our social media: Facebook Twitter LinkedIn  Instagram Ollin Sykes, CPA, CITP, CMA LinkedIn More resources about this topic: Podcast - Cash Vs. Accrual Accounting For Pharmacies Podcast - Independent Pharmacy Accounting Fundamentals Podcast - Avoiding Expensive Mistakes

Buying or selling a Pharmacy? Contact us Buying a second pharmacy can feel like a natural next step but the biggest challenge isn’t finding the opportunity, it’s being prepared when that opportunity shows up. In this episode of The Pharmacy Ownership Podcast, Austin Murray sits down with Ollin Sykes, CPA, CMA, CITP to break down what pharmacy owners need to consider before expanding and why readiness, not timing, is often the deciding factor in successful growth. They cover: - Why most pharmacy acquisition opportunities are unexpected—and how to be ready - The critical role of up-to-date financials and accounting fundamentals - Common mistakes that prevent owners from securing financing - The shift toward regional pharmacy ownership and multi-location strategy And more! Check out all our social media: Facebook Twitter LinkedIn  Instagram Ollin Sykes, CPA, CITP, CMA LinkedIn More resources about this topic: Podcast - Cash Vs. Accrual Accounting For Pharmacies Podcast - Independent Pharmacy Accounting Fundamentals Podcast - Avoiding Expensive Mistakes

Buying or selling a Pharmacy? Contact us Selling your pharmacy to your PIC can seem like the perfect transition. But when you dig deeper, the structure, financing, and long-term implications can be far more complex than most owners expect. In this episode of The Pharmacy Ownership Podcast, Austin Murray sits down with Ollin Sykes, CPA, CMA, CITP to break down what it really looks like to sell your pharmacy to a PIC and how these internal transitions compare to outside buyers. They cover: Why selling to a PIC can create more value for both the owner and the communityThe key differences between stock sales and asset sales in internal transactionsHow seller financing and SBA loans impact deal structureThe importance of working capital and how it can make or break the transitionAnd more! Check out all our social media: Facebook Twitter LinkedIn  Instagram Ollin Sykes, CPA, CITP, CMA LinkedIn More resources about this topic: Podcast - Cash Vs. Accrual Accounting For Pharmacies Podcast - Independent Pharmacy Accounting Fundamentals Podcast - Avoiding Expensive Mistakes

Buying or selling a Pharmacy? Contact us Buying a pharmacy through a common stock purchase can look deceptively simple but beneath the surface, the risks, liabilities, and due diligence requirements are anything but. In this episode of The Pharmacy Ownership Podcast, Austin Murray sits down with Ollin Sykes, CPA, CMA, CITP to break down the real mechanics of a common stock purchase and what pharmacy owners should expect when considering this type of transaction. They cover: The critical role of multi-year due diligence and financial normalizationWhat you’re actually acquiring in a common stock purchaseHidden liabilities buyers often inheritAnd more! Check out all our social media:  Facebook Twitter LinkedIn  Instagram Ollin Sykes, CPA, CITP, CMA LinkedIn More resources about this topic:  Podcast - Cash Vs. Accrual Accounting For Pharmacies Podcast - Independent Pharmacy Accounting Fundamentals Podcast - Avoiding Expensive Mistakes

Buying or selling a Pharmacy? Schedule an Appointment with our transition specialist In this episode, Ollin B. Sykes, CPA, CMA, CITP and Austin Murray break down the key differences between cash and accrual accounting for independent pharmacies. They explain how accrual-based financials provide a clearer picture of pharmacy performance, from third-party receivables and inventory adjustments to balance sheet impacts on profitability. Check out all of our social media:   Facebook  Twitter (X)  LinkedIn  Instagram  YouTube  Ollin Sykes – CPA, CITP, CMA LinkedIn  More resources about this topic:  Podcast - Independent Pharmacy Accounting Fundamentals Podcast - Avoiding Expensive Mistakes

Buying or selling a Pharmacy? Schedule an Appointment with our transition specialist In this episode, Austin Murray and Ollin B. Sykes delve into the complexities of pharmacy asset sales. They discuss the strategic considerations for both buyers and sellers. From asset allocation to the valuation of goodwill and script files, this episode provides a comprehensive guide to navigating these transactions. Check out all of our social media:   Facebook  Twitter (X)  LinkedIn  Instagram  YouTube  Ollin Sykes – CPA, CITP, CMA LinkedIn  More resources about this topic:  Resource - Pharmacy Startup Costs: Financing Resource - Pharmacy Startup Costs: Leases/Facility Planning

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 Check out all of our social media:   Facebook  Twitter (X)  LinkedIn  Instagram  YouTube  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)  LinkedIn  Instagram  YouTube  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: Facebook Twitter LinkedIn Instagram 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 sheetsCommon 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 saleRead 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.:   Facebook Twitter LinkedIn  Instagram 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