National Australian Pharmacy Students’ Association

2. New Pharma - buying a pharmacy made easier

New Pharma is a truly unique and innovative online program to assist pharmacists with purchasing a pharmacy.

The New Pharma program has been designed by industry experts and successful proprietors exclusively for potential pharmacy owners.

Developed by the Pharmacy Guild of Australia with the support of Guild Accountants and Meridian Lawyers, New Pharma is the indispensable resource for anyone wanting to buy a pharmacy business.

The online diagnostic program will help prospective pharmacy owners to avoid the many pitfalls that exist in purchasing a pharmacy and set them on the right track to operating a successful pharmacy business.

New Pharma provides potential owners with the building blocks of a successful business by ensuring they buy the right pharmacy for them, in the right way. This online resource is an indispensable guide for anyone wanting to buy a pharmacy in Australia and provides insightful advice on practically every aspect of establishing and running a viable pharmacy business, including:

 

  • Identifying the right pharmacy;
  • Assessing your capabilities for pharmacy ownership;
  • Evaluating the financial and non-financial considerations;
  • Negotiating;
  • Working through the buying process;
  • Transition of ownership;
  • Establishing the business.

 

Purchasing a pharmacy is an extremely complex and expensive transaction and many first time buyers find the task overwhelming and confusing. New Pharma breaks down all the areas of becoming an owner into modules which ensure that subscribers can take careful and considered steps in preparing to enter pharmacy ownership and avoid the many pitfalls that can occur when important steps are missed.

A twelve month subscription to New Pharma costs $330 (inc GST). Go to www.newpharma.org.au for more information.