Selling your pharmacy for all it's worth by Anne Hutchings
“A ‘must read’ for anyone wanting to sell their pharmacy business.”
Bharat Shah, Sigma Pharmaceuticals
“An invaluable guide. I wish such a reference had been available when I sold my business.”
Laurence Tressler, Tressler Pharmacy, Coventry
Hutchings Consultants are the largest independent agents dealing exclusively with UK pharmacy sales and valuations.
If you are thinking of selling your pharmacy we can offer you;
- A free valuation
- No hidden charges
- Expert advice
- No sale no fee
- NPA Platinum Supplier
Successful Pharmacy Sales
“The sale was a very smooth process and the price achieved was £150,000 more than I’d been offered privately, so the fees were small in comparison to the increase in price achieved. The added bonus of the accountancy and tax advice was also beneficial to the sale.”
Mrs J Forrester, Ranmoor Pharmacy, Sheffield
“I was delighted to receive 18 offers. Hutchings handled these very efficiently and after negotiations, managed to secure an agreed price which was 41% more than the market price. Hutchings are with you every step of the way delivering a confidential and unrivalled personal service.”
Mr C Richardson, Richardsons Chemist, Northampton
Six steps to a successful pharmacy sale
1 Specialist Valuation
Your first key step when selling your pharmacy, is knowing what it's worth? You provide some key information and our expert valuers will put a guide price on your pharmacy.
2 Confidential Meeting
You will meet with our specialist pharmacy sales consultant away from your staff and discuss your pharmacy and plans in detail. Here is where you will learn about the pharmacy marketing, sales process and typical time lines.
3 Prepare Sales Literature
At this stage we will compile comprehensive financial and business information into the pharmacy sales pack. This will make your business attractive to serious buyers.
4 Identify Quality Buyers
Your pharmacy will be confidentially introduced to carefully vetted buyers from our extensive database. Hutchings have the largest specialist database of pharmacy only buyers in the UK.
5 Competitive Offers
It is normal to receive multiple offers when selling a pharmacy and Hutchings unique multi-stage bidding process ensures you will get the best possible price. The successful buyer pays a deposit to demonstrate their commitment to follow through with the purchase.
6 The Legals
We guide the sale and hold your hand to completion. Details such as freehold negotiation, change of NHS ownership and a myriad other details all need to be ironed out, and then your pharmacy sale is completed.
“Our sale was handled brilliantly. It was kept completely confidential, only informing buyers on a need to know basis. I highly recommend to anyone thinking of selling to use Hutchings. It was money well spent.”
Mr U Rattan, Rattan Pharmacy, East London
“Using Hutchings allowed me to get on with running the business. They kept the sale confidential, they were good at moving things forward and the price achieved was an excellent uplift.”
Mr R G Turnbull, R G Turnbull, Berwickshire