Did You Do Your Due Diligence? #2: The Pre-Lease Inspection

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At O’Connell Store Fixtures, installing store fixtures is the smallest part of what we do. Our team is here to launch your new pharmacy on the path to success — and that begins with proper planning.

Our new blog series, “Did You Do Your Due Diligence?”, will showcase real life stories of pharmacy owners in Ontario who failed to plan properly. Read our blogs to learn how to avoid their mistakes and develop strategies for doing ‘due diligence’ when building a pharmacy!

In our first edition of “Did You Do Your Due Diligence?”, we shared the story of a pharmacy owner who leased a property that was unfit for a pharmacy location. In the second blog, we’d like to share a similar story about a first-time pharmacy owner who failed to do due diligence and get a proper pre-lease inspection!

The pre-lease inspection is an incredibly important part of the pharmacy build process. For example, did you know that if you sign an offer to lease, that’s as good as a lease? Don’t commit to this binding legal agreement without a pre-lease inspection.

We worked with one pharmacy owner in Oakville, who learned the value of a pre-lease inspection the hard way! When he sent us to inspect the property, we discovered there were no walls for the space! We went back to him and told him that he needed walls — the landlord had promised as much in the lease.

He spoke to the landlord and got walls built, then sent us to inspect it again. Can you imagine what we found? No door! We had to go back to him a second time, and tell him that the landlord needed to build a door, so we could enter the space.

What’s the takeaway? Get a pre-lease inspection to ensure that your property matches what’s on the lease. Do your due diligence!

Want a pre-lease inspection for your pharmacy property? Contact the team at O’Connell Store Fixtures in Ontario today.

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