In previous years there have been significant challenges raised for pharmacy owners, relating to cashflow boost, Jobkeeper, rent abatements, very abnormal trading months and even individual store issues such as heavily reduced turnover and excessive turnover in some cases. Despite the issues being raised, the principals of pharmacy valuation methodology remain the same and must be consistently applied.
Since 30 June 2018 valuation activity has certainly been very high.
We have seen activity pick up strongly over the last 4 months and it is looking like it will continue. As we are in the middle of the current CPA cycle demand for pharmacies is strong, particularly in the sub $3m market. We have seen several pharmacies being sold and the numbers of buyers coming to us for guidance and assistance has also grown.
