The Pharmacy Guild of Australia has just released this year’s Pharmacy Rental Report, exclusive to Guild members.
For most pharmacy owners rent represents the largest expense of operating a pharmacy and the 2024 Pharmacy Rental Report is designed to help members, community pharmacy owners and aspiring owners to be prepared when negotiating rental and leasing arrangements.
Pharmacy Guild National President Professor Trent Twomey says members will find the Pharmacy Rental Report a useful reference for future rental negotiations.
“As the business model of pharmacy continues to evolve, it is important for pharmacy owners to stay on top of managing the cost of doing business, and occupancy costs are an essential part of this,” Professor Twomey says in the report.
At 44 pages long, the Pharmacy Rental Report has three parts packed with useful sections such as what to do before you sign a lease, costs in retail leases, what rent you should pay according to your businesses’ gross income and strategical and practical considerations.
Guild members can access the 2024 Pharmacy Rental Report on the Guild’s website.
