How to Find a Good Pharmacy Broker or Consultant
Selling a pharmacy—especially a compounding pharmacy—is one of the biggest decisions a pharmacist-entrepreneur can make. To navigate the process successfully, many owners turn to a pharmacy broker or consultant. The right professional can make the difference between a smooth transaction and a frustrating, drawn-out experience.
At Rombool Group, we don’t provide brokerage services ourselves, but we’ve worked with many brokers and consultants during our acquisitions. Based on what we’ve seen, here are some tips for finding a good pharmacy broker or consultant.
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Check Online Reviews
Start your search the same way patients look for a trusted healthcare provider—by checking reviews. Google Reviews, LinkedIn recommendations, and even industry forums can give you valuable insight into how brokers or consultants work with their clients. Look for consistent patterns of professionalism, responsiveness, and results.
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sk Your Peers
One of the best resources is your own professional network. Talk to other pharmacy owners who have sold their businesses. Ask about their experience:
- Who did they use?
- What went well?
- What challenges did they face? Hearing first-hand stories from your peers can save you time and help you avoid potential red flags.
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Request Referrals Once You Narrow Down Options
After you’ve identified a broker or consultant who seems like a good fit, take the next step—ask for referrals. A reputable professional will gladly connect you with past clients who can vouch for their process and integrity. Speaking directly with those who have already gone through the sale will give you a clearer picture of what to expect.
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Make Sure They Understand Pharmacies
Not all business brokers understand the nuances of pharmacies—especially compounding operations. Be sure to choose someone with experience in healthcare transactions and familiarity with pharmacy-specific financial and regulatory requirements.
Final Thoughts
Selling your pharmacy is about more than numbers—it’s about your legacy, your staff, and your patients. A strong pharmacy broker or consultant can help you protect that legacy and ensure your hard work is valued properly.
At Rombool Group, we rely on experienced consultants and brokers to guide sellers through valuations and transactions. By doing your homework, checking reviews, asking peers, and requesting referrals, you’ll find the right partner to help you through this important process.
Learn more about our acquisition philosophy at www.Rombool.com.