Selling a pharmacy
Whether you are looking to dispose of part of a group or are looking ahead to retirement, we will work with you to ensure that your sale runs smoothly and to your timescale. We understand that this is an intensive process that you will need to manage with your staff whilst trying to run a business and we will work with you to ease the pressure as far as possible.
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, i.e. 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 Property Terms
You may own the freehold of the pharmacy and wish to sell it outright or you may wish to enter into a lease with your buyer. We will take your instructions, provide advice on appropriate terms and, if required, 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.