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!
The Pharmacy Ownership Podcast | Episode 18 | Financing a Pharmacy Acquisition
Buying or selling a Pharmacy? Contact us Buying a pharmacy takes more capital than just the purchase price and knowing where that extra funding comes from can make or break a deal. In this episode of the Pharmacy Ownership Podcast, Ollin Sykes, CPA.CITP, CMA breaks down: The most common ways buyers finance a pharmacy acquisitionHow much cash buyers actually need to bring to a dealThe danger of long-term loans with short-term "calls"Why clean, tax-return-matching financials are c...
27 Aug 2026
The Pharmacy Ownership Podcast | Ep. 17 | Understanding Basis: What Pharmacy Owners Need to Know
Buying or selling a Pharmacy? Contact us Basis is one of those topics every pharmacy owner hears about but few really understand until it's time to sell. In this episode of the Pharmacy Ownership Podcast, Ollin Sykes, CPA, CMA, CITP breaks down what basis actually means, why it matters, and how it directly impacts your tax bill when you sell. We cover: How basis builds over time What gain on a sale comes down toThe connection between basis and exit planningThe most common miscon...
Buying or selling a Pharmacy? Contact us Stock Purchase or Asset Purchase...Why not both? That's what you get with a 336E election. In this episode of the Pharmacy Ownership Podcast Ollin Sykes, CPA, CMA, CITP breaks down IRS Code Section 336E, one of the most powerful yet least understood tools in pharmacy acquisitions. We cover: What a 336E election actually is The key advantage for buyersPreserving capital gain treatmentRed flags to watch forAnd more! Check out all our social ...
28 May 2026
The Pharmacy Ownership Podcast | Episode 14 | When Opportunity Knocks: Buying Your Second Pharmacy
Buying or selling a Pharmacy? Contact us Buying a second pharmacy can feel like a natural next step but the biggest challenge isn’t finding the opportunity, it’s being prepared when that opportunity shows up. In this episode of The Pharmacy Ownership Podcast, Austin Murray sits down with Ollin Sykes, CPA, CMA, CITP to break down what pharmacy owners need to consider before expanding and why readiness, not timing, is often the deciding factor in successful growth. They cover: - Why most pha...
30 Apr 2026
The Pharmacy Ownership Podcast | Episode 13 | Insider Transitions: Selling to a PIC
Buying or selling a Pharmacy? Contact us 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: W...
26 Mar 2026
What Changes When You Buy the Stock Instead of the Assets
Buying or selling a Pharmacy? Contact us 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, 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 ro...
26 Feb 2026
Cash Vs. Accrual Accounting for Pharmacies
Buying or selling a Pharmacy? Schedule an Appointment with our transition specialist 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 Twi...
17 Oct 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 ...
30 May 2025
Pharmacy Ownership in 2025: Avoiding Expensive Mistakes
Ollin Sykes and Austin Murray explore pharmacy ownership in 2025, highlighting common costly errors owners can prevent, based on insights from a pharmacy ownership workshop; this is an interview.
10 Apr 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-...
24 Oct 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 l...
27 Sept 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 Importan...
7 Jun 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 Entrepreneurial Pharmacy Podcast, Ollin Sykes, CPA, CITP, CMA (https://www.sykes-cpa.com/your-team/ollin-sykes/) and Scotty Sykes, CPA, CFP (https://www.sykes-cpa.com/your-team/scotty-sykes/) discuss assessing the worth of your pharmacy, maximizing the value of your pharmacy, maximizing cash flow, and more!
Did you like this episode? We share insights for Independent Pharmacy Owners every other Thursday. Stay up to date on new episodes by liking and subscribing! Click here to learn more about our podcast team and previous episodes. (https://www.sykes-cpa.com/media-resources/the-bottom-line-pharmacy-podcast/)
Want to read and follow along with this episode? Click here for the transcript (https://www.sykes-cpa.com/whats-your-pharmacy-worth/).
Want to stay connected with us on social media:
Sykes & Company P.A.:
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/)
CPA’s:
Scotty Sykes – CPA, CFP LinkedIn (https://www.linkedin.com/in/scottysykes/)
Scotty Sykes – CPA, CFP Twitter (https://twitter.com/ScottySykesCPA)
Ollin Sykes – CPA, CMA, CITP LinkedIn (https://www.linkedin.com/in/ollinsykes/)
More resources about this topic:
Podcast – Preparing to Sell Your Pharmacy (https://www.sykes-cpa.com/the-entrepreneurial-pharmacy-podcast-preparing-to-sell-your-pharmacy/)
Blog – Do These 2 Things Before Selling Your Pharmacy (https://www.sykes-cpa.com/do-these-two-things-before-selling-a-pharmacy/)
Service – Buying and Selling Advisory (https://www.sykes-cpa.com/selecting-advisory-services-for-selling-a-pharmacy-business/)
Service – Rx Assessment (https://www.sykes-cpa.com/rx-assessment-service/)
3 May 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 Entrepreneurial Pharmacy Podcast (https://www.sykes-cpa.com/the-entrepreneurial-pharmacy-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!
Did you like this episode? We share insights for Independent Pharmacy Owners on the first Friday of every month. Stay up to date on new episodes by liking and subscribing! Click here to learn more about our podcast team and previous episodes. (https://www.sykes-cpa.com/media-resources/the-bottom-line-pharmacy-podcast/)
Want to read and follow along with this episode? Click here for the transcript (https://www.sykes-cpa.com/the-entrepreneurial-pharmacy-podcast-preparing-to-sell-your-pharmacy/).
Want to stay connected? Check out all of our social media:
Sykes & Company P.A.:
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/)
CPA’s:
Scotty Sykes – CPA, CFP LinkedIn (https://www.linkedin.com/in/scottysykes/)
Scotty Sykes – CPA, CFP Twitter (https://twitter.com/ScottySykesCPA)
Ollin Sykes – CPA, CMA, CITP LinkedIn (https://www.linkedin.com/in/ollinsykes/)
More resources about this topic:
Blog – Do These Two Things Before Selling Your Pharmacy (https://www.sykes-cpa.com/do-these-two-things-before-selling-a-pharmacy/)
Blog – Selecting Advisory Services for Selling a Pharmacy Business (https://www.sykes-cpa.com/selecting-advisory-services-for-selling-a-pharmacy-business/)
Blog – Roadblocks to Selling Your or Buying a Pharmacy (https://www.sykes-cpa.com/roadblocks-to-selling-or-buying-a-pharmacy/)
Podcast – The Entrepreneurial Pharmacy Podcast: Are You Ready to Sell Your Pharmacy (https://www.youtube.com/watch?v=jf8P2YE5Z9o)
4 Apr 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 Entrepreneurial Pharmacy 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!
Did you like this episode of The Entrepreneurial Pharmacy Podcast? We share industry data and guide you every step of the way on buying, selling, or starting a pharmacy every month. Stay up to date on new episodes by liking and subscribing!
Interested in learning more about the podcast team and their experience? Click here (https://www.sykes-cpa.com/the-entrepreneurial-pharmacy-podcast/)
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 (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/)
CPA’s:
Scotty Sykes – CPA, CFP LinkedIn (https://www.linkedin.com/in/scottysykes/)
Scotty Sykes – CPA, CFP Twitter (https://twitter.com/ScottySykesCPA)
Ollin Sykes – CPA, CMA, CITP LinkedIn (https://www.linkedin.com/in/ollinsykes/)
More resources about this topic:
Blog – The Importance of Due Diligence When Buying a Pharmacy (https://www.sykes-cpa.com/the-importance-of-due-diligence-when-buying-a-pharmacy/ )
Blog – The Pharmacy Buyers Guide to a Common Stock Purchase (https://www.sykes-cpa.com/the-pharmacy-buyers-guide-buying-a-pharmacy-in-a-stock-purchase/ )
Blog – The Step-by-Step Process to Buying a Pharmacy (https://www.sykes-cpa.com/buying-a-pharmacy-your-step-by-step-process/ )
8 Mar 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 Entrepreneurial Pharmacy Podcast, Ollin Sykes, CPA, CITP, CMA (https://www.sykes-cpa.com/your-team/ollin-sykes/) and Scotty Sykes, CPA, CFP (https://www.sykes-cpa.com/your-team/scotty-sykes/) bring you 40 years of pharmacy CPA insights (https://www.sykes-cpa.com/media-library/)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 (https://www.sykes-cpa.com/pharmacy-buy-sell-advisory-services/)
Did you like this episode? We share insights for Independent Pharmacy Owners every month. Stay up to date on new episodes by liking and subscribing! Click here to learn more about our podcast team and previous episodes. (https://www.sykes-cpa.com/the-entrepreneurial-pharmacy-podcast/)
Want to read and follow along with this episode? Click here for the transcript (https://www.sykes-cpa.com/the-entrepreneurial-pharmacy-podcast-buying-a-pharmacy/).
Want to stay connected? Check out all of our social media:
Sykes & Company P.A.:
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/)
CPA’s:
Scotty Sykes – CPA, CFP LinkedIn (https://www.linkedin.com/in/scottysykes/)
Scotty Sykes – CPA, CFP Twitter (https://twitter.com/ScottySykesCPA)
Ollin Sykes – CPA, CMA, CITP (https://www.linkedin.com/in/ollinsykes/)
More resources about this topic:
Video Series - Buying a Pharmacy (https://www.youtube.com/playlist?list=PLbdUM3PBAwLs8-R2ZUxG2gGs34Fd5AEHi )
Video Blog – Buying a Pharmacy in a Stock Purchase (https://www.sykes-cpa.com/the-pharmacy-buyers-guide-buying-a-pharmacy-in-a-stock-purchase/ )
Video Blog – Buying a Pharmacy: Your Step-by-Step Process (https://www.sykes-cpa.com/buying-a-pharmacy-your-step-by-step-process/ )
Video Blog – The Importance of Due Diligence When Buying a Pharmacy (https://www.sykes-cpa.com/the-importance-of-due-diligence-when-buying-a-pharmacy/ )
Video Blog – Questions to Ask When Buying a Pharmacy (https://www.sykes-cpa.com/questions-to-ask-when-buying-a-pharmacy/ )
Service – Buying or Selling a Pharmacy (https://www.sykes-cpa.com/pharmacy-buy-sell-advisory-services/ )
9 Feb 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 Entrepreneurial Pharmacy Podcast, Ollin Sykes, CPA CMA, CITP (https://www.sykes-cpa.com/your-team/ollin-sykes/) and Scotty Sykes, CPA, CFP (https://www.sykes-cpa.com/your-team/scotty-sykes/) 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!
Did you like this episode? We share insights for Independent Pharmacy Owners once a month. Stay up to date on new episodes by liking and subscribing! Click here to learn more about our podcast team and previous episodes. (https://www.sykes-cpa.com/the-entrepreneurial-pharmacy-podcast/)
Want to read and follow along with this episode? Click here for the transcript (https://www.sykes-cpa.com/are-you-ready-to-sell-your-pharmacy/)
Want to stay connected? Check out all our social media:
Sykes & Company P.A.:
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/)
CPA’s:
Scotty Sykes – CPA, CFP LinkedIn (https://www.linkedin.com/in/scottysykes/)
Scotty Sykes – CPA, CFP Twitter (https://twitter.com/ScottySykesCPA)
Ollin Sykes – CPA, CMA, CITP LinkedIn (https://www.linkedin.com/in/ollinsykes/)
More resources about this topic:
Article – Do These Two Things Before Selling a Pharmacy (https://www.sykes-cpa.com/do-these-two-things-before-selling-a-pharmacy/)
Article – How to Maximize Your Pharmacy’s Value for Sale (https://www.sykes-cpa.com/how-to-maximize-your-pharmacys-value-for-a-sale/)
Article – How to Stay Out of Trouble When Selling Your Pharmacy (https://www.sykes-cpa.com/staying-trouble-pharmacy-sale/)
Article – When a Pharmacy Sale is a Bad Idea (https://www.sykes-cpa.com/when-a-pharmacy-sale-is-a-bad-idea/)
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Podcast Authority Score: 2 / 100
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