The Pharmacy Ownership Podcast

The Pharmacy Ownership Podcast | Episode 13 | Insider Transitions: Selling to a PIC

Buying or selling a Pharmacy? Contact us [https://www.sykes-cpa.com/ask-sykes/] 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 community * The key differences between stock sales and asset sales in internal transactions * How seller financing and SBA loans impact deal structure * The importance of working capital and how it can make or break the transition And more! Check out all our social media: Facebook [https://www.facebook.com/sykesandco%20] Twitter [https://twitter.com/OllinSykes%20] LinkedIn [https://www.linkedin.com/company/sykes-&-company-p-a-?trk=tyah]  Instagram [https://www.instagram.com/sykescpa/%20] Ollin Sykes, CPA, CITP, CMA LinkedIn [https://www.linkedin.com/in/ollinsykes/%20] More resources about this topic: Podcast - Cash Vs. Accrual Accounting For Pharmacies [https://youtu.be/NJ_VZuI6774] Podcast - Independent Pharmacy Accounting Fundamentals [https://youtu.be/cNGhqjwOUWs] Podcast - Avoiding Expensive Mistakes [https://youtu.be/47Y0ydauIn8]

What Changes When You Buy the Stock Instead of the Assets

Buying or selling a Pharmacy? Contact us [https://www.sykes-cpa.com/ask-sykes/] 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 [https://www.linkedin.com/preload/#], 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 normalization * What you’re actually acquiring in a common stock purchase * Hidden liabilities buyers often inherit * And more! Check out all our social media:  Facebook [https://www.facebook.com/sykesandco ] Twitter [https://twitter.com/OllinSykes ] LinkedIn [https://www.linkedin.com/company/sykes-&-company-p-a-?trk=tyah]  Instagram [https://www.instagram.com/sykescpa/ ] Ollin Sykes, CPA, CITP, CMA LinkedIn [https://www.linkedin.com/in/ollinsykes/ ] More resources about this topic:  Podcast - Cash Vs. Accrual Accounting For Pharmacies [https://youtu.be/NJ_VZuI6774] Podcast - Independent Pharmacy Accounting Fundamentals [https://youtu.be/cNGhqjwOUWs] Podcast - Avoiding Expensive Mistakes [https://youtu.be/47Y0ydauIn8]

Cash Vs. Accrual Accounting for Pharmacies

Buying or selling a Pharmacy? Schedule an Appointment with our transition specialis [https://www.sykes-cpa.com/pharmacy-buy-sell-advisory-services/]t 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 [https://www.facebook.com/sykesandco]  Twitter (X) [https://twitter.com/SykesCompanyPA]  LinkedIn [https://www.linkedin.com/company/sykes-&-company-p-a-?trk=tyah]  Instagram [https://www.instagram.com/sykescpa/]  YouTube [https://www.youtube.com/@sykescompanyp.a.]  Ollin Sykes – CPA, CITP, CMA LinkedIn [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqa3lrWkpqS1RycWlnN3l4ZlAwVm1BcHdkYmN4d3xBQ3Jtc0trY1BtMXUxUERrT2Q5cHg0ZHBEN3lvb3RlWFBleTliMG5DRC1IdzhMMGY3NTFuMTFWTjRiZGJVV3EyakNTYTQzYTd3bzR6Vk51UlpyLXJ3Nmdwd19tNFZCQTVVVE5qZHNLZXBDNTc1b3JIUjIySVNobw&q=https%3A%2F%2Fwww.linkedin.com%2Fin%2Follinsykes%2F&v=smmNR_SFOwg]  More resources about this topic:  Podcast - Independent Pharmacy Accounting Fundamentals [https://youtu.be/cNGhqjwOUWs] Podcast - Avoiding Expensive Mistakes [https://youtu.be/47Y0ydauIn8]

Pharmacy Asset Sales 101

Buying or selling a Pharmacy? Schedule an Appointment with our transition specialis [https://www.sykes-cpa.com/pharmacy-buy-sell-advisory-services/]t 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 [https://www.facebook.com/sykesandco]  Twitter (X) [https://twitter.com/SykesCompanyPA]  LinkedIn [https://www.linkedin.com/company/sykes-&-company-p-a-?trk=tyah]  Instagram [https://www.instagram.com/sykescpa/]  YouTube [https://www.youtube.com/@sykescompanyp.a.]  Ollin Sykes – CPA, CITP, CMA LinkedIn [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqa3lrWkpqS1RycWlnN3l4ZlAwVm1BcHdkYmN4d3xBQ3Jtc0trY1BtMXUxUERrT2Q5cHg0ZHBEN3lvb3RlWFBleTliMG5DRC1IdzhMMGY3NTFuMTFWTjRiZGJVV3EyakNTYTQzYTd3bzR6Vk51UlpyLXJ3Nmdwd19tNFZCQTVVVE5qZHNLZXBDNTc1b3JIUjIySVNobw&q=https%3A%2F%2Fwww.linkedin.com%2Fin%2Follinsykes%2F&v=smmNR_SFOwg]  More resources about this topic:  Resource - Pharmacy Startup Costs: Financing [https://www.sykes-cpa.com/pharmacy-start-up-costs-financing/] Resource - Pharmacy Startup Costs: Leases/Facility Planning [https://www.sykes-cpa.com/pharmacy-start-up-costs-leases-facility-planning/]

Pharmacy Ownership in 2025: Avoiding Expensive Mistakes

Buying a Pharmacy? Schedule an Appointment with our transition specialis [https://www.sykes-cpa.com/pharmacy-buy-sell-advisory-services/]t 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 [https://www.sykes-cpa.com/the-entrepreneurial-pharmacy-podcast/]   Click here for the transcript [https://www.sykes-cpa.com/the-pharmacy-ownership-workshop-avoiding-expensive-mistakes/] Check out all of our social media:   Facebook [https://www.facebook.com/sykesandco]  Twitter (X) [https://twitter.com/SykesCompanyPA]  LinkedIn [https://www.linkedin.com/company/sykes-&-company-p-a-?trk=tyah]  Instagram [https://www.instagram.com/sykescpa/]  YouTube [https://www.youtube.com/@sykescompanyp.a.]  Ollin Sykes – CPA, CITP, CMA LinkedIn [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqa3lrWkpqS1RycWlnN3l4ZlAwVm1BcHdkYmN4d3xBQ3Jtc0trY1BtMXUxUERrT2Q5cHg0ZHBEN3lvb3RlWFBleTliMG5DRC1IdzhMMGY3NTFuMTFWTjRiZGJVV3EyakNTYTQzYTd3bzR6Vk51UlpyLXJ3Nmdwd19tNFZCQTVVVE5qZHNLZXBDNTc1b3JIUjIySVNobw&q=https%3A%2F%2Fwww.linkedin.com%2Fin%2Follinsykes%2F&v=smmNR_SFOwg]  More resources about this topic:  Resource - Pharmacy Startup Costs: Financing [https://www.sykes-cpa.com/pharmacy-start-up-costs-financing/] Resource - Pharmacy Startup Costs: Leases/Facility Planning [https://www.sykes-cpa.com/pharmacy-start-up-costs-leases-facility-planning/]