Most of the Pharmacy students who have just obtained their degrees, They dream of becoming the owners of their own businessBut while some have it easy by continuing the family tradition, others have to face a A rather complicated panorama when they want to buy a pharmacy in Madrid.
The acquisition of this type of business It involves a lot of legal proceduresbut others must also be taken into account fiscal and financial aspects that allow us to know if the business will be profitable. After all, Buying a pharmacy in Madrid is a significant investment which requires a detailed analysis of several factors. That is why it is so important to have the professional advice as Pharmaconsultingexperts in the transmission of pharmacies for sale in Madrid and in the rest of Spain.
In this article, we are going to introduce you to the Most relevant aspects that influence the price of a pharmacy in the capital of Spainso that you can make an informed decision about it.
He The market for the purchase and sale of pharmacies in Madrid is boomingand since it is the capital, prices tend to be higher compared to less populated or less urbanized regions.
If you are thinking of buying a pharmacy, you will have been able to see that the prices of premises in Madrid can vary greatly. Currently, the price range of the pharmaceutical premises is located from 400,000 euros to more than 2 millionso we can see a significant increase in recent years.
The huge variation in prices in Madrid’s pharmacies is due to the fact that The list of factors that affect its valuation is quite long.Below we break down the most important factors to help you better understand the market.
1. Location of the premises
The location is one of the most determining factors in the price of a pharmacy. It is not the same to locate your business in a central area surrounded by offices and shops, such as the Recoletos neighborhood, than in a peripheral residential neighborhood such as Usera.
When choosing which pharmacy to buy from, it is essential to consider things like the purchasing power of the neighbors, the population densityif it is a busy passage areaif there are other pharmacies nearby or if It is close to health centers or hospitals.
2. Annual billing
The annual turnover of a pharmacy is another crucial element when determining its price. A pharmacy with a high annual sales volume will be more expensiveas it suggests a consolidated and profitable business.
A High turnover guarantees constant incomewhich is attractive to potential buyers. On the other hand, if the turnover is low, the pharmacy’s price will decrease, although this could be an indication of a market with lower demand.
3. Type of license and its value
The type of license a pharmacy holds also plays an important role in its valuation. Licenses may vary in cost depending on location and current regulations..
Specifically, in Madrid the cost of a pharmacy license can be considerably high, as it depends on various factors such as: Demand for licenses in the area and the regulatory policies of the momentOften, purchasing a license in a high population density area or in commercial areas will have a higher price.
4. Administrative expenses
When purchasing a pharmacy, it is essential also consider administrative costs that arises from the purchasing process. These expenses are not always included in the initial purchase price, so it is advisable to make express reference to them in the negotiations.
These costs are usually the expenses of the company itself. transferthe notary fees (necessary to formalize the purchase and may vary depending on the value of the transaction), and the taxessuch as VAT.
5. Other expenses
When buying a pharmacy you should also budget for possible renovation and refurbishment expenseswhich can vary widely depending on the state of the establishment.
Similarly, as establishing a pharmacy with an adequate assortment of products is essential to start operating efficiently from day one, Supply costs can also make the operation more expensive..
At this time, The demand for this type of business far exceeds the available supply.which has contributed to prices skyrocketing. In fact, while just three years ago the average price of a license was around 300,000 euros, today this figure stands at 525,000 euros, which represents a 75% increase.
That’s why It is advisable to go to the professionals at Farmaconsultinga leading company in the comprehensive management of the transmission of this type of business, which can help you find pharmacies for sale throughout Spain at the best prices. But they not only have a Catalogue of pharmacies for sale in Madrid and other cities Spanish companies from which you can choose your project, but at all times of the process You will have the support of experts from different branches (economists, lawyers, analysts, wealth advisors, etc.) and the most advanced technology.
The invaluable help from the team Pharmaconsulting along with the knowledge of the factors of which we have spoken to you, will allow you to have a Clear and detailed overview of the pharmacy market in Madridhelping you make the best decision for your future investment.
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