Buying a pharmacy
Whether you are a new entrant to the market or an experienced operator, we will work with you to ensure that your purchase runs smoothly and to your timescale. We understand that you may already be working in a pharmacy or running an existing business and will always and try and work around your hours when communicating with you.
Experienced in the pharmacy purchase process
- Assets and Share Purchases
We advise on both asset and share purchases, tailoring our advice, documentation and costs accordingly. We know the right questions to ask of the seller and how to negotiate appropriate protection into the contract. We will work closely with you, your lender and tax advisers from the outset to ensure you receive a first class service.
Getting your finance in place at the earliest stage will install confidence in your seller and remove the potential for delay. We can help review your banking documents and evaluate the terms of any financial covenants to ensure your business can meet the required standards in the future.
You may be buying a freehold, taking an existing lease or negotiating new lease terms. We will investigate the title, help satisfy the requirements of your funder and ensure any lease terms are favourable and appropriate for the particular location of the pharmacy.
- Management Agreements
Sometimes parties enter into a management agreement prior to completion in order to allow the buyer to enter and run the pharmacy prior to granting of NHS Consent. We can help draft and negotiate appropriate terms.
- Purchase for first-time entrant of pharmacy in Dorset for c. £700,000.
- Purchase for multi-chain operator of pharmacy in Gloucestershire for c. £2m including negotiation of management agreement.