Selling a pharmacy
Being well-prepared for the sale will help the process run quickly and smoothly. It is important to provide the buyer with a full and complete set of the documentation they ask for and deal with any issues at the outset. This will avoid giving your buyer an opportunity to re-negotiate the price. Ahead of the process, we can provide you with a list of the documents your buyer is likely to ask for and give your pharmacy a legal health-check.
A buyer will want the seller to enter into warranties; contractually binding statements about the business and its affairs. An important part of our job will be to minimise your exposure; by ensuring a full disclosure process is completed and negotiating limitations into the contract in respect of your liability.
- Negotiating Lease Terms
You may own the freehold of the pharmacy and wish to enter into a lease with your buyer. We will take your instructions, provide advice on appropriate terms and negotiate the lease on your behalf.
- Share sale of a pharmacy in Devon for c.£1.5m to new entrant including negotiation of new lease to the buyer.
- Share sale of a pharmacy in Essex for £2m including sale of freehold by shareholders to buyer.
- Asset sale of Wiltshire-based pharmacy to national chain for £800,000.