PHARMACY business brokers Attain have reported that buyer demand for pharmacies has increased significantly in the most recent round of its four-monthly survey.

Almost two-thirds (64.7%) of sampled pharmacists and current pharmacy owners said they are looking to buy – up from 48% in the last survey.

The survey of 58 pharmacists also found that likely supply of pharmacies on the market is well down, with only one in five (21.2%) owners in the sample looking to sell a pharmacy within the next five years.

Almost two-thirds of the sample (64.7%) predicted that pharmacy business prices will increase over the next 12 months, while 27.5% believed they will stay flat.

“It will be interesting to see how this plays out in the market, but the data suggests it will be a seller’s market for pharmacy business sales in the immediate future,” said Attain Director Natalie Sirriani.

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