Taking on pharmacy ownership for the first time involves more than just a shift in title—it requires a fundamental change in how one approaches the profession. Moving from assistant to owner transforms the relationship with work, as the pharmacist must now organize, make decisions, delegate responsibilities, and support a team. Matthieu Penot, a 32-year-old pharmacy assistant at the pharmacy of la Mazelle in Rilhac-Rancon (Haute-Vienne), will take over from the current owner next year. He emphasizes the importance of quickly gaining management experience, stating that he accumulated as much experience as possible early on through internships and working Saturdays in the pharmacy. This hands-on experience prepared him to handle unexpected situations and understand the diverse roles an owner must fulfill, from dispensing medication to managing staff and resolving invoice issues.
According to the study "Transfer prices of pharmacies in 2025," published by the mutual guarantee company Interfimo in early April, 56% of first-time installers are women. The average loan amount for first-time installation is 1.36 million euros, compared to 1.26 million euros in 2024. Transactions involving at least one associate in first-time installation represent 53% of the cases studied in 2025, with 70% being acquisitions of existing businesses.
Élodie Chollon, owner of the Marché pharmacy in Mervans (a town with 1,600 inhabitants) in Saône-et-Loire for four years, highlights the importance of critically examining financial analyses. During negotiations, she questioned an unreliable financial analysis and took over the calculations herself, realizing the announced price was incorrect. Her experience underscores the need for first-time installers to know how to read financial documents, ask questions, and challenge assumptions, even if they rely on an accountant for the actual calculations.
The future owner must also evaluate the pharmacy's positioning within its local environment, considering factors such as the catchment area, demographic characteristics, clientele, care offerings, population flows, and urban development projects. Olivier Delétoille, an accountant at AdequA, emphasizes the importance of projecting into an evolving environment, noting that major construction projects can affect the pharmacy's accessibility.
Élodie Chollon also highlights the value of understanding the local clientele. Her pharmacy, for example, included a nursing home for dependent elderly (Ehpad) among its clients. She developed this aspect by responding to the needs of a second nearby establishment, which had previously been served by two pharmacies that had withdrawn from the market.
Making interprofessionalism a lever for success can provide first-time installers with significant advantages. Alexandra Lassau and Julien Marchand, a young couple who established themselves in Brassac, a commune of 1,295 inhabitants, benefit from an ambulatory care interprofessional society (Sisa) that brings together local health professionals. This allows them to engage in regular exchanges and joint actions, particularly in prevention, helping them integrate into the local care ecosystem.
Olivier Delétoille also notes that first-time installers are not only young graduates but also include managers from the industry who may have solid skills but different habits. In pharmaceutical laboratories, human resources and administrative functions are often managed by dedicated teams, whereas in pharmacy ownership, the owner must demonstrate greater versatility. The risk is applying methods learned in a structured environment without adapting to the unpredictable realities of pharmacy work.
First-Time Pharmacy Owners Face Unique Challenges in Management and Transition
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