💊 Pharmacies can post steady revenue—but valuation pitfalls are everywhere.

Common traps:

• PBM reimbursements below cost
• Owner is the primary pharmacist
• No non-compete from departing seller
• Prescription volume inflated by short-term scripts

📌 Rule of thumb: A buyer without a license can’t step into the seller’s shoes—and value must reflect that.

✅ Normalize cash flow for staffing needs, regulatory limits, and non-transferable goodwill.