The Pharmacy Ownership Podcast

Sykes & Company, P.A.
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Are you a pharmacist that's looking to buy, sell or start a pharmacy? Welcome to The Pharmacy Ownership Podcast!This show is for the pharmacist with an entrepreneurial mindset. The pharmacist that want's to provide better patient care to their community. The pharmacist that wants to grow their practice!On this show, we give independent pharmacy owners best practices for starting, selling and buying a pharmacy from over 40 years of transition research, insights, and working exclusively with independent pharmacies.Sit down with Ollin Sykes, CPA, CITP, CMA & Scotty Sykes, CPA, CFP as they discuss topics such as the proper way to do due diligence, how much time you need to sell your pharmacy, and more!

Episodes

  1. Pharmacy Asset Sales 101

    10/17/2025

    Pharmacy Asset Sales 101

    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

    10 min
  2. Pharmacy Ownership in 2025: Avoiding Expensive Mistakes

    05/30/2025

    Pharmacy Ownership in 2025: Avoiding Expensive Mistakes

    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

    12 min
  3. Inventory and Your Valuation: Tips For Maximizing The Value of Your Pharmacy

    04/10/2025

    Inventory and Your Valuation: Tips For Maximizing The Value of Your Pharmacy

    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

    6 min
  4. Due Diligence: What to Look for When Buying a Pharmacy

    10/24/2024

    Due Diligence: What to Look for When Buying a Pharmacy

    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

    6 min
  5. The Multi Store Owners Guide to Selling Your Pharmacy

    09/27/2024

    The Multi Store Owners Guide to Selling Your Pharmacy

    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

    7 min

  6. 06/07/2024

    Assessing The True Value of Your Pharmacy

    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

    7 min
  7. Preparing to Sell Your Pharmacy

    05/03/2024

    Preparing to Sell Your Pharmacy

    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

    6 min
  8. What is Due Diligence

    04/04/2024

    What is Due Diligence

    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

    7 min
  9. How to Buy a Pharmacy

    03/08/2024

    How to Buy a Pharmacy

    Are you interested in buying a pharmacy but aren't sure how or where to even start?     Often, we get approached by entrepreneurs looking at buying a pharmacy but aren’t sure what kind of pharmacy they are buying and what the difference between an asset purchase and a common stock purchase is.     In this episode of The Pharmacy Ownership Podcast, Ollin Sykes, CPA, CITP, CMA and Scotty Sykes, CPA, CFP bring you 40 years of pharmacy CPA insights that dive deep into how to buy a pharmacy, some things you need to consider before buying, whether you should do an asset purchase or a common stock purchase, and more! Interested in buying a pharmacy? We can help! Click to learn more about our Pharmacy Specific Buy/Sell Service   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  More resources about this topic:   Video Series - Buying a Pharmacy Video Blog – Buying a Pharmacy in a Stock Purchase Video Blog – Buying a Pharmacy: Your Step-by-Step Process Video Blog – The Importance of Due Diligence When Buying a Pharmacy Video Blog – Questions to Ask When Buying a Pharmacy  Service – Buying or Selling a Pharmacy

    5 min

  10. 02/09/2024

    Are You Ready to Sell Your Pharmacy

    Are you planning on selling your pharmacy? Do you think you’re ready to sell your pharmacy?  Many pharmacy owners underestimate the amount of time and planning it takes to optimize the value of your pharmacy so you can make the most money from your transition.     On this first episode of The Pharmacy Ownership Podcast, Ollin Sykes, CPA CMA, CITP and Scotty Sykes, CPA, CFP share insights into how to make the most money from your pharmacy sale, proper timing and planning when selling your pharmacy, what you need to consider, 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 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:   Article – Do These Two Things Before Selling a Pharmacy  Article – How to Maximize Your Pharmacy’s Value for Sale  Article – How to Stay Out of Trouble When Selling Your Pharmacy  Article – When a Pharmacy Sale is a Bad Idea

    8 min
  • 10 Episodes

About

Are you a pharmacist that's looking to buy, sell or start a pharmacy? Welcome to The Pharmacy Ownership Podcast!This show is for the pharmacist with an entrepreneurial mindset. The pharmacist that want's to provide better patient care to their community. The pharmacist that wants to grow their practice!On this show, we give independent pharmacy owners best practices for starting, selling and buying a pharmacy from over 40 years of transition research, insights, and working exclusively with independent pharmacies.Sit down with Ollin Sykes, CPA, CITP, CMA & Scotty Sykes, CPA, CFP as they discuss topics such as the proper way to do due diligence, how much time you need to sell your pharmacy, and more!

Information

  • Creator
    Sykes & Company, P.A.
  • Years Active
    2024 - 2025
  • Episodes
    10
  • Rating
    Clean
  • Copyright
    © 2026 2024 The Pharmacy Ownership Podcast
  • Show Website
    The Pharmacy Ownership Podcast