Pharmacy Today

Many years of experience in buying, selling and evaluating in the pharmacy market

Hany Eltalawy P.Eng

Real Estate Agent

PROFESSIONAL

Exceeding client expectations

SUCCESS

Your success is our success

EXPERIENCE

Backed by years of experience in the field.

Our Story

About Pharmacy Today

Many years of experience and knowledge in the pharmacy real estate market. As a licensed Professional Engineer (civil engineering), I am skilled at analyzing any project, and Family Mediation certification has proven a valuable tool for me in managing conflict, negotiating, and quickly resolving any issues that may arise. Receiving sincere appreciation, gratitude and recommendations from previous clients is my greatest reward.
Right from the start, with an upfront, no-nonsense approach, I am with my clients every step of the way, providing absolute support and guidance. Whether buying or selling, my years of expertise make the purchase or sale a headache-free experience. Buying or selling a pharmacy is a big deal for many people – and a big decision to make. It’s imperative that they have the right support!
From my massive list of contacts across Ontario, I do an extensive search to line up the most interested and qualified buyers. My aim is to uncover the ideal buyer, the one who is prepared to pay the best price.

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Our Services

We offer services that assist you during the process of buying, selling or evaluating a pharmacy business in order to ensure long term success

Buying

Preparation is essential to getting a great deal. Is it more advantageous to buy an established pharmacy or build your own? How can I structure a deal so that it will gain approval? What details are needed to close a deal? What is due diligence? Before going any further you need to consider: Lifestyle

Selling

Whatever the reason if considering retirement or any other personal reason, the fact is many sellers lack experience and often buyers have been involved in many transactions. Prepare for eventual exit, address issues long before contemplating the sale of your company then it will be effectively positioned

Evaluation

To determine the accurate Evaluation of your business pharmacy you have to consider many factors not only the net profit, dollars per script or percent of of revenue

DOING IT THE RIGHT WAY.

BUYING A PHARMACY

Do you enjoy being part of a community? For example word of mouth advertising and sponsoring local community events can attest your level of commitment to your neighborhood. It can do wonders for your business. Success can be found in rural areas as urban areas. It really depends on your preference. Although your choice in this regard may limit your acquisition options, you have to figure out where you will be happy.

Search the web to find out the size of the market and the demographics. Does the area have healthcare institutions like hospitals, dentists or doctors near? Take a good look at your competition both chain and independent. Think about the location. Is it easily accessible? Is it visible? Are there other businesses near to help draw traffic? Is parking an issue? Think about the future are there any planned infrastructure developments? Find out by searching federal, provincial and local government authorities.

This can be tough. I have the tools and knowledge to help you find the best pharmacy that’s right for you. I will guide you through the specifics of this process. Through my extensive network I can search a targeted area for a pharmacy that is for sale. Even if you have something specific in mind I can prepare listings that meet your needs. When it comes to due diligence I know the right questions to ask and the appropriate documentation needed to analyze profitability and structure of the pharmacy.

You need to be prepared; the supply of pharmacies never keeps up with the demand. So you need to be in a position to act. To get organized you will need to meet with your accountant and talk to multiple banks. Don’t forget a professional solicitor. With these professionals backing you, you will have the legal and financial knowledge needed. They will point out risks and advise you how to deal with any issues that may arise.

When looking at a pharmacy take into consideration the potential future growth and business strategy including the long and short term sales forecast. (There are financial and non-financial aspects that determine the value). You will be in the best position possible when you choose a solicitor that is focused solely on pharmacy transactions

Don’t let a good thing pass you by. If the perfect pharmacy comes on the market and it meets all your criteria. It might seem to be priced higher than others are selling for, but waiting could delay your potential income for months. Good things don’t come along every day.

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SELLING YOUR PHARMACY

01.

Guidance

Timing of the sale? Where to get trustworthy advice? Best way to sell?

02.

Priorities

The price you would like for your pharmacy? Receiving financial planning advice? For how much you will get at end of the transaction Any critical elements of sale/items not prepared to negotiate on? Where to received Independent legal and taxation advice from professional adviser?

03.

Timing

Some sales can take only a few weeks others up to six months or more The time it takes Other factors include how good your pharmacy is in finding the right buyer, Lease, right price and right buyer

04.

The Deal

You have options many choose to sell outright but partnership is another option. Professionals can give advice about timing, terms and tax impact.

05.

Vendor Finance

Vendor finance might be the tipping point in closing the deal. Be cautious though you need to protect yourself. Be sure your documents for the finance is ready like computer reports and financial statements and any other proof for business income

06.

Due DILLIGENCE

What information do you need to have available? Your information will need to be verified so make sure you have supporting financial information ready, this will help dispel any fears that a buyer may have because they’ll see that your business is transparent and this will reduce any perceived risk. Failing to have your financial information ready can delay the process.

07.

Value & Price

Make any necessary improvements to maximize the asking price and increase your value. It’s important to have your business independently valued and assessed. The price you set will determine whether you will achieve a sale. If your price is too high your pharmacy may get little interest and you could be on the market for too long.

08.

Prepare Your Business

Have everything in order before you put your business on the market. First impressions are lasting so you want to make sure you present your pharmacy in the best possible way. Keep your inventory up-to-date and make sure it is well organized. All your financial information will need to be up-to-date. You can help your company be more attractive by developing documentation.

09.

Finding Buyers

Realtors are critical to finding suitable buyers. Make sure you have a realtor you can trust.

Evaluation

To determine the accurate Evaluation of your business pharmacy you have to consider many factors not only the net profit, dollars per script or percent of revenue.

One Must Also Consider
  • Good will
  • Average of prescription price.
  • Daily prescription count
  • Breakdown of insurance
  • Rent
  • Sold goods cost
  • Percentage of refill
  • The inventory
  • Wages
  • Technology
  • Hours of operation
  • Geographic location

Its many ways to determine the valuation Historical data (usually financial statement) and projection values, usually a mix of methods are used depends on the purpose for that evaluation.

What Our clients say

Client Testimonials

We have worked with many happy customers who had an amazing experience working with us.

Hany provided me with honest and excellent help. He was very professional and efficient in finding qualified buyers. He was able to help me value my pharmacy so that I could get a fair price. I would recommend Hany to anyone who is wanting to sell their pharmacy. He is an excellent agent and person.
Tom Zawarynski
Pharmacist
Hany is great at what he does. He was professional, efficient and great to work with to ensure our transaction went smoothly and closed on time. Highly recommended!
Eddie Petrov
Pharmacist
Thank you Hany for your professional advice and honesty which made me confident enough to approach such a journey. I strongly suggest others who are thinking about selling their pharmacies in the future to consider consulting Hany in this matter. Aryo
Aryo Mehrabi
Pharmacist
Hany was a great asset in facilitating the sale of our pharmacy. He was hard working, and dedicated to both parties involved. I would highly recommend Hany if you are looking for a professional, experienced broker to assist you with selling.
David Fleming
Pharmacist
Hany is one of the most professional and honest real estate agents that I have ever dealt with, period, be it residential or retail. His in depth knowledge of the pharmacy real estate market and his extensive network of potential buyers and sellers is immense to say the least. I would recommend Hany, hands down, to anyone looking for an agent. There is no one out there that could surpass his hard work, diligence and devotion to his clients. It has been a real pleasure to deal with you. Thank you so much!!
Richard Swiderski
Pharmacist
I have been in the pharmacy business for 40 years. I’ve known Mr. Hany for 15 years, I can always rely on Hany’s professionalism, Weighted fair and honest opinion, Hany is always a pleasure dealing with. I thank him for great advice and guidance in selling my store. Thanks, Charlie
Charlie Lim
Pharmacist
Thank you for your honest, professional and ethical way in which you handled the sale of my pharmacy, Your knowledge was very helpful in determining the fair market value of my business and facilitating its sale. Sincerely.
Domenic Rando
Pharmacist
Hany, Let me take this opportunity to thank you for your professional help in marketing our pharmacy business and finalizing the sale. I believe that your talent, expertise, contacts and knowledge made it possible. I also appreciated your confidentiality and understanding. Thank you very much.
Dr. Al-Karim Ladha
Hany displays the utmost level of professionalism. He listens and adapts the most efficient pathway to fulfill the clients’ needs. He is very diligent, punctual, making sure that the transaction is fair and balanced and on schedule. I recommend Hany’s services to anyone in the industry.
Sina Salehi
Pharmacist
Hany is one of the best realtor have ever met ! He is very professional and help out through the whole process of selling the pharmacy . He is an expert in Pharmacy Business and I highly recommend to my colleagues !
Eva Rivera
Pharmacist
This was my first time dealing with Hany for buying a pharmacy . He knows his job very well and he does it very professionally. He is an expert in pharmacy business and can negotiate the best deal for you. He follows any issue seriously and he is a guy that you can trust in, when you want to buy a pharmacy. I will definitely recommend Hany to others.
Farid Entekhabi
Pharmacist
I have known Hany for years . He is a very professional and reliable agent. I highly recommend him to anyone who wants to purchase or sell a pharmacy.
Ping Lee
Pharmacist
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Staff Business Valuation
Did you think about the business' staff before you prepare your pharmacy to sell? Do you have a reasonable number of staff for your volume of pharmacy sales? Shortage of staff will be an issue for the buyer after taking over your pharmacy and overstaffing will affect your cash flow then it will have a direct impact to the price of the business.
Staff Business Valuation
Did you think about the business' staff before you prepare your pharmacy to sell? Do you have a reasonable number of staff for your volume of pharmacy sales? Shortage of staff will be an issue for the buyer after taking over your pharmacy and overstaffing will affect your cash flow then it will have a direct impact to the price of the business.
Staff Business Valuation
Did you think about the business' staff before you prepare your pharmacy to sell? Do you have a reasonable number of staff for your volume of pharmacy sales? Shortage of staff will be an issue for the buyer after taking over your pharmacy and overstaffing will affect your cash flow then it will have a direct impact to the price of the business.
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