The Pharmacy Ownership Podcast

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!

Last refreshed: August 15th, 2025 at 2:19 PM ⓘ

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Episodes

Pharmacy Ownership in 2025: Avoiding Expensive Mistakes

Buying a Pharmacy? Schedule an Appointment with our transition specialis t 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...

May 30, 2025•12 min

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 boo...

Apr 10, 2025•6 min

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 ...

Oct 24, 2024•6 min

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 accou...

Sep 27, 2024•7 min

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 fol...

Jun 07, 2024•7 min

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 rea...

May 03, 2024•6 min

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 podc...

Apr 04, 2024•7 min

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 ...

Mar 08, 2024•5 min

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, wh...

Feb 09, 2024•8 min

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