Pharmacy start-up costs can mount quickly if not carefully monitored. It is important to carefully consider the terms of the lease and conduct thoughtful facility planning when opening a new independent pharmacy. In this video, Ollin Sykes, CPA and Bonnie Bond, CPA of Sykes & Company, P.A. share some insights on pharmacy leases and considerations when it comes to balancing the aesthetic of a pharmacy store and cash flow projections.
They discuss:
• Why you should get your team in place before negotiating and signing a lease;
• What lease terms to consider and how a personal guarantee can impact you years down the road; and
• How Sykes & Company, P.A. can help independent pharmacies with this.
You can reduce time to open by choosing the right entity for your start-up pharmacy and setting up contracts with major carriers before opening. Watch Pharmacy Start-Up Costs: Entity Selection and Timing to learn more: www.sykes-cpa....
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