New to ownership
Your first pharmacy, or your first share of one.
Support for first-time owners and new working partners — understanding what the numbers are telling you before you commit, and having the systems in place from the day you do.
Owning a pharmacy and working in one are different jobs, and nobody trains you for the second one.
You already know the dispensary. What changes on settlement day is everything behind it: the wage percentage, the leave liability, the supplier terms, the PBS cash cycle, the debt service, and a payroll you did not build.
We work with first-time owners and new working partners from well before that day, so the numbers are not a surprise when they become yours.
Before you commit
Understanding what you are buying
- We read the profit and loss and the balance sheet with you, line by line, so you know what you are actually buying
- We test the gross margin, wage percentage and category mix against our Benchmark pool, so you know whether the numbers are good or only normal
- We rebuild the result under your ownership, not the vendor’s — your hours on the floor, your wage, your drawings, your locum cover
- We model the funding: what the debt costs you every month, and what is left after it
- We look for what is not in the numbers — unrecorded hours, accrued leave, award classifications that will not survive a review
Plain English, not a valuation. We are not replacing your accountant, your lender or your valuer. We are the people who sit with you and explain what each line means, and what it will mean once you are the one carrying it.
New working partners
Buying into a pharmacy you already work in
Taking a share of a business is not the same as buying one outright, and the questions are different.
- What your share actually earns you, and how a working wage sits alongside a share of profit
- How drawings, distributions and tax instalments work between partners through the year
- The same reporting pack your partners see, every month, so nobody is working off a different set of numbers
- A neutral place for the figures, which matters more in a partnership than most people expect
The first 30 days
From settlement day
A fixed process, so day one runs like day one hundred.
- Xero set up or transferred, with a chart of accounts built for the business
- Bank feeds, point-of-sale, dispense and wholesaler integrations connected
- Opening balances loaded and agreed
- Payroll migrated, award classifications checked, contracted hours documented
- Rostering set up and staffing gaps filled through TalentWell
- First live reporting pack and Benchmark baseline within 30 days
The first 90 days
Then we keep showing you the same picture
From your first full month you get a reporting pack that tells you what changed and what to do about it, a Benchmark baseline so you can see your business against the market rather than against last month, and payroll exception reporting that flags a problem in the week it happens.
For a first-time owner that is the difference between running the business and finding out how it went.
For brokers, valuers and accountants: if you are guiding a first-time buyer, email us and we will send the day-one setup outline as a one-page PDF you can pass on.
No fee, fixed scope
Start with a Benchmark review
Five business days, fixed scope, no fee. We look at your gross margin, wage percentage and category mix, compare them with our Benchmark pool, and give you a one-page summary with three things to act on. If it is useful, we will talk about what comes next. If it is not, you have still got the Benchmark review.