Pharmacy Boards and Assoc.


A list of the U.S. Pharmacy Boards and Pharmacy Associations is below the content on this page regarding the process of selling a pharmacy.

Selling Your Pharmacy Can Be a Difficult Decision

Most business owners find that selling their business is one of the most important events in their life, both professionally and personally. Handled properly, it can be very rewarding. Handled poorly, it can become a perilous chore especially if employees, customers, vendors, and competition learn the business is for sale.

Selling a pharmacy is a complicated process that involves many difficult decisions. For most owners the pharmacy is their biggest personal asset. It is difficult being impartial after years of work growing the business. Some of the issues are:

      How do I find a suitable and qualified buyer for my pharmacy?
      How long does it take to complete the transaction?
      How do I keep the process my pharmacy confidential?
      How will I document the transfer of my pharmacy to a new owner?
      How will a buyer value my drug store?

 Tough questions because each one impacts a subset of issues that require close attention.

The Process

 1. A buyer, which has been pre-qualified by Washburn and Associates, requests our services in finding an appropriate store in a designated area to purchase.

2. We, at Washburn & Associates, use our talents to conduct an "Acquisition Search", which will lead to matching the buyer with an appropriate seller.

3. Initial interviews will determine if the location meets the pharmacy buyer's criteria.

4. A price range is provided to determine if it meets the  seller's expectations.

5. An acquisition analysis, or what we call a "Detailed Analysis" is completed. This allows Washburn & Associates to evaluate assets, inventory, financial trends, local demographics, strengths and weaknesses of the business, short and long range potential, etc.

6. Site surveys of the store and the local area are discretely conducted.

7. The pharmacy buyer is provided an "Executive Summary" to allow them an opportunity to determine if the location and aspects of the business will complement the pharmacy buyer's goals.

8. If the pharmacy buyer decides to move forward, a "Letter of Interest" is negotiated; this sets forth the terms and conditions of the sale to be agreed upon, before the "Purchase & Sale Agreement" is prepared.

9. A Purchase & Sale Agreement will be signed stating the agreed upon terms of the sale price, employment contracts, non-compete clauses, lease assumption, termination, etc.

10. According to Board of Pharmacy regulations public notice must be provided. Some states require a two week, while other states require four weeks. The regulations should be verified with Board of Pharmacy in the state where the pharmacy is being sold.

11. All closing documents will have been pre-approved prior to closing. An inventory count is taken the day of closing, at this time the price is adjusted to reflect inventory changes and clear all liens against the business. Remaining funds are then transferred to the pharmacy seller.

When a pharmacy  owner is considering selling it is advisable to receive expert guidance. Visit www.pharmacyvaluations.com or contact us today.


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Boards of Pharmacy and Pharmacy Associations

Alaska Pharmacists Association 203 W 15th Ave #100 Anchorage AK 99501
Alabama Board of Pharmacy 10 Inverness Center, Ste 110 Birmingham AL 35242
Alabama Pharmacy Association 1211 Carmichael Way Montgomery AL 36106
Alabama Retail Association 7265 Halcyon Summit Dr Montgomery AL 36117
Arkansas Grocers & Retail Merchants Assoc 1123 S University Ave, #718 Little Rock AR 72204
Arkansas Pharmacists Association 417 South Victory Street Little Rock AR 72201
Arkansas State Board of Pharmacy 101 E. Capitol, Ste 218 Little Rock AR 72201
Arizona Pharmacy Alliance 1845 East Southern Avenue Tempe AZ 85282
Arizona Pharmacy Association 1845 E. Southern Avenue Tempe AZ 85282
Arizona Retailers Association 224 W 2nd St Mesa AZ 85282
Arizona State Board of Pharmacy 4425 W. Olive Ave., Ste 140 Glendale AZ 85302
California Pharmacists Association 4030 Lennane Drive Sacramento CA 95834
California Retailers Association 980 Ninth St, #2100 Sacramento CA 95814
Colorado Board of Pharmacy 1560 Broadway, Ste 1310 Denver CO 80202
Colorado Pharmacists Society 6825 E. Tennessee Ave. #440 Denver CO 80224
Colorado Retail Council 1580 Lincoln St, #1125 Denver CO 80202
Connecticut Assoc of Community Pharmacies 195 Farmington Ave, #200 Farmington CT 06032
Connecticut Pharmacists Association 35 Cold Springs Road, Ste 121 Rocky Hill CT 06067
American Pharmacists Association 2215 Constitution Avenue, NW Washington DC 20037
American Pharmacists Association (APHA) 1100 15th St NW, #400 Washington DC 20005
Personal Care Products Council 1101 17th St NW, #300 Washington DC 20036
Pharmaceutical Care Management Assoc. 601 Pennsylvania Ave SW, #740 Washington DC 20004
The Greater Washington Board of Trade 1725 I St NW, #200 Washington DC 20036
Delaware Board of Pharmacy 861 Silver Lake Blvd., Ste 203 Dover DE 19904
Delaware Community Pharmacy Council 1201 N Orange St, #200 Wilmington DE 19801
Delaware Pharmacists Society PO Box 454 Smyrna DE 19977
Florida Pharmacy Association 610 N Adams St Tallahassee FL 32301
Florida Retail Federation 227 S Adams Tallahassee FL 32301
PharmView 610 North Adams Street Tallahassee FL 32301
Georgia Pharmacy Association 50 Lenox Point, NE Atlanta GA 30324
Georgia State Board of Pharmacy 237 Coliseum Drive Macon GA 31217
Hawaii Pharmacists Association PO Box 1198 Honolulu HI 96807
Retail Merchants of Hawaii 1240 Ala Moana Blvd, #215 Honolulu HI 96814
Iowa Board of Pharmacy 400 Southwest 8th Street, Ste E Des Moines IA 50309
Iowa Pharmacy Association 8515 Douglas Avenue, Ste 16 Des Moines IA 50322
Iowa Retail Federation 10555 New York Ave, #102 Urbandale IA 50322
Idaho Retailers Association 1109 Main St, #331 Boise ID 83702
Idaho State Pharmacy Association PO Box 191345 Boise ID 83719
Assoc Of Women Pharmacists 1000 E 53rd St Chicago IL 60615
Illinois Pharmacists Association 204 W. Cook Street Springfield IL 62704
Illinois Retail Merchants Association 19 S LaSalle St, #300 Chicago IL 60603
Independent Cosmetic Manufacturers & Dist.  1220 W Northwest Hwy Palatine IL 60067
Pharacist Assoc Of Shelby Cnty 207 S Pine St Shelbyville IL 62565
Indiana Pharmacists Alliance 729 N. Pennslyvania Street Indianapolis IN 46204
National Prescription Assoc 914 W Main St New Albany IN 47150
Kansa Retail Council 835 SW Topeka Blvd Topeka KS 66612
Kansas Pharmacists Association 1020 SW Fairlawn Rd. Topeka KS 66604
Kentucky Board of Pharmacy 23 Millcreek Park Frankfort KY 40601
Kentucky Pharmacists Association 1228 U.S. 127 South Frankfort KY 40601
Kentucky Retail Federation, Inc 512 Capitol Ave Frankfort KY 40601
Louisiana Pharmacists Association 450 Laurel St, #1400 Baton Rouge LA 70801
Louisiana Retailers Association 846 Main St Baton Rouge LA 70802
Board of Registration in Pharmacy 239 Causeway Street, Ste, 200 Boston MA 02114
Massachusetts Chain Pharmacy Council 148 State St, #1100 Boston MA 02109
Massachusetts Pharmacists Association 500 West Cummings Park, Ste 3475 Woburn MA 01801
Maryland Pharmacists Association 650 W. Lombard Street Baltimore MD 21201
Washington D.C. Pharmaceutical Association 908 Caddington Avenue Silver Spring MD 20901
Maine Pharmacy Assoication 127 Pleasant Hill Rd Scarborough ME 04074
Chain Drug Marketing Association (CDMA) PO Box 995 Novi MI 48376
Michagan Retailers Association 603 S Washington Ave Lansing MI 48933
Michigan Pharmacists Association 815 N Washington Ave. Lansing MI 48906
Arkansas State Board Of Pharma 101 E Capitol Hackensack MN 56452
Minnesota Board of Pharmacy 2829 University Ave SE Room # 530 Minneapolis MN 55414
Minnesota Pharmacists Association 1935 W. Cty Rd. B-2, Ste 165 Roseville MN 55113
Missouri Pharmacists Association  211 East Capitol  Jefferson City MO 65101
Missouri Retailers Association PO Box 1336 Jefferson City MO 65102
Mississippi Pharmacists Association 341 Edgewood Terrace Dr Jackson MS 39206
Montana Board of Pharmacy PO Box 200513 Helena MT 59620
Montana Pharmacy Association 34 W. 6th St., 2E Helena MT 59601
Montana Retail Association 1645 Parkhill Dr, #6 Billings MT 59102
North Carolina Association of Pharmacists 109 Church Street Chapel Hill NC 27516
North Carolina Board of Pharmacy 6015 Farrington Road, Ste 201 Chapel Hill NC 27517
North Carolina Retail Merchants Assoc. 601 St Marys St Raleigh NC 27605
One Source of NC, LLC 2841 Plaza Place, Ste 110 Raleigh NC 27612
North Dakota Board of Pharmacy PO Box 1354 Bismarck ND 58502
North Dakota Pharmacists Association 1661 Capitol Way, Ste 102 Bismarck ND 58501
North Dakota Retail Association 1025 N 3rd St Bismarck ND 58502
Nebraska Pharmacists Association 6221 S 58th St, #A Lincoln NE 68516
Nebraska Retail Federation 1610 S 70th St, #101 Lincoln NE 68506
New Hampshire Assoc. of Chain Drug Stores 136 N Main St Concord NH 03301
New Jersey Council of Chain Drug Stores 332 W State St Trenton NJ 08618
New Jersey Pharmacists Association 760 Alexander Road, CN1 Princeton NJ 08543
New Mexico Pharmaceutical Association 4800 Zuni, SE Albuquerque NM 87108
New Mexico Pharmacists Association 2716 San Pedro NE, #C Albuquerque NM 87110
New Mexico Retail Association 2403 San Mateo Blvd NE, #W25 Albuquerque NM 87110
Nevada Pharmacist Association PO Box 35668 Las Vegas NV 89133
Nevada Pharmacy Alliance 5740 S. Eastern, Ste 24C Las Vegas NV 89119
Retail Association of Nevada 410 S Minnesota St Carson City NV 89703
Chain Pharmacy Assoc. of NY State One Commerce Plaza, #402 Albany NY 12210
Pharmacists Society of the State of NY 210 Washington Ave Suite 101 Albany NY 12203
Ohio Council of Retail Merchants 50 W Broad St, #2020 Columbus OH 43215
Ohio Pharmacists Association 2155 Riverside Drive Columbus OH 43221
Oklahoma Pharmacists Association 45 NE 52nd St Oklahoma City OK 75154
Oklahoma State Board of Pharmacy 4545 Lincoln Boulevard, Ste 112 Oklahoma City OK 73105
Oregon Board of Pharmacy 800 NE Oregon St., Ste 425 Portland OR 97232
Oregon State Pharmacy Association 29702 SW Town Center Loop, #B Wilsonville OR 97070
Assoc Prescription Services In 502 Elmwood Ave Sharon Hill PA 19079
Pennsylvania Association of Chain Drug Stores 224 Pine St, #300 Harrisburg PA 17101
Pennsylvania Pharmacists Association 508 North 3rd Street Harrisburg PA 17101
Colegio De Farmaceuticos De Puerto Rico PO Box 360206 San Juan PR 00963
Rhode Island Pharmacists Association 1643 Warwick Avenue, PMB 113 Warwick RI 02889
South Carolina Chain Drug Committee 1122 Lady St Columbia SC 29201
South Carolina Pharmacy Association 1350 Browning Rd. Columbia SC 29210
South Dakota Board of Pharmacy 4305 S. Louise Ave, Ste 104 Sioux Falls SD 57106
South Dakota Pharmacists Association PO BOX 518 Pierre SD 57501
South Dakota Retailers Association 320 E Capitol Ave Pierre SD 57501
Tennesse Pharmacy Association 1000 Reddoch Cv Memphis TN 38119
Tennessee Pharmacists Association 500 Church Street, Ste 650 Nashville TN 37219
Cement Chemists Society 3914 Randall Ln Carrollton TX 75007
Ind Pharm Assoc 3334 Broadway Blvd Garland TX 75043
Texas Federation of Drug Stores 54 W 12th St Austin TX 78701
Texas Pharmacy Association 1624 Anderson Ln Austin TX 78752
Texas State Board of Pharmacy William P. Hobby Building, Ste 3-600 Austin TX 78701
Utah Food Industry Association 1578 W 1700 South, #100 Salt Lake City UT 84104
Utah Pharmaceutical Association 1125 S Blackhawk Blvd Mount Pleasant UT 84647
Utah Pharmacists Association 1850 South Columbia Lane Orem UT 84097
American Association of Colleges of Pharmacy 1426 Prince St. Alexandria VA 22314
American Assoc. of Pharmaceutical Scientists -- Arlington VA 22201
American Society of Consultant Pharmacists 1321 Duke Street Alexandria VA 22314
Healthcare Distribution Management Assoc. 901 N Glege Rod, #100 Arlington VA 22203
NACDS Foundation 413 N. Lee Street Alexandria VA 22314
National Community Pharmacists Assoc. 100 Daningerfield Rd Alexandria VA 22314
Virginia Board of Pharmacy 6603 West Broad St., 5th Fl. Richmond VA 23230
Virginia Pharmacists Association 2530 Professional Road Richmond VA 23235
Vermont Association of Chain Drug Stores 39 Court St Montpelier VT 05601
Vermont Pharmacists Assoc 3209 Quechee West Htfd Rd White River Junction VT 05001
Vermont Pharmacists Association PO Box 790 Richmond VT 05477
Washington Board of Pharmacy PO Box 47865 Olympia WA 98504
Washington Retail Association 618 S Quince St, #A Olympia WA 98507
Washington State Pharmacy Association 1501 Taylor Ave. S.W. Renton WA 98055
Pharmacy Society of Wisconsin 701 Heartland Trail Madison WI 53717
Professional Pharmacy Assoc 105 N Western Ave Waupaca WI 54981
Professional Pharmacy Associat 105 N Western Ave Waupaca WI 54981
Wisconsin Dept of Regulations & Licensing PO Box 8935 Madison WI 53708
Wisconsin Merchants Federation 1 E Main St, #305 Madison WI 53703
West Virginia Pharmacists Association 201642 Kanawha Blvd Charleston WV 25311
Wyoming Hospitality and Retail Network 1825 Carey Ave Cheyenne WY 82003
Wyoming Pharmacists Association PO Box 366 Cheyenne WY 82003
Wyoming Pharmacy Assoc 1022 Ponderosa CT Powell WY 82435
Wyoming State Board of Pharmacy 632 South David Street Casper WY 82601
Wyomng Pharmacist Assoc PO Box 541 Powell WY 82435

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