Many pharmacy owners decided to bring forward the sale of their business in 2017 following the announcement of funding cuts, leading to an incredibly busy year for brokers.
The following are just a few examples of pharmacies we sold for our clients across the UK last year, the results of which demonstrate the market has remained surprisingly buoyant.
|Location||Pharmacy Name||Offers/Pence in £||Comments|
|Newcastle||The Pharmacy||10 offers||£90,000 achieved over the market price and the sale completed in 6 months start to finish|
|North Wales||Well Street Pharmacy||11 offers||£100,000 achieved over market price|
|Blackburn||Baxenden Pharmacy||11 offers||Sale completed in 7 months start to finish|
|Solihull||Olton Pharmacy||21 offers||Unprecedented levels of interest reflected in 21 offers received|
|West London||Globe Pharmacy||£1.57 pence in £||Fantastic spread of offers and an excellent achievement for the seller at £1.57 in the £|
|Nottingham||Vantage Pharmacy||£1.60 pence in £||Another unprecedented price achievement for the seller at £1.60 in the £ for this health centre pharmacy|
|South Wales||Kidwelly Pharmacy||£1.40 pence in £||15 offers and an impressive pence in the £ achieved for the seller|
|Cornwall||Millbrook Pharmacy||£1.19 pence in £||An excellent pence in the £ achieved for this deep south westerly based pharmacy|
|Merseyside||Gordon Short Chemist||£1.06 pence in £||Client was delighted with the buyer|
|11 offers||Good interest and a multiple of almost 11x EBITDA achieved|
|West Midlands||Premier & Shenstone||£1.22 pence in £||Two pharmacies next to a surgery – sale completed in approximately 3 months from the buyers offer being accepted|
|Scotland||A Weir Chemist||£1.46 pence in £||Sale completed 2 months earlier than the vendors deadline|
|South Wales||Health Centre Pharmacy||16 offers||Fantastic interest resulting in 16 offers and £1.28 in the £|
|Devon||South Brent Pharmacy||£1.21 pence in £||Seller’s verdict – “Wouldn’t have got the price without Hutchings.”|
|South London||Fourway Pharmacy||£1.33 pence in £||Sale completed within 12 weeks of the buyer’s offer being accepted|
|Sussex||Crawley Down Pharmacy||£1.36 pence in £||6 offers and an impressive pence in the £ achieved for the seller|
We expect the pharmacy market across the UK to perform well in 2018. There are a lot of buyers across the spectrum from first time buyers to large groups and investors looking to acquire. Bank funding for pharmacy acquisitions is still very positive and we thoroughly vet all buyers on our database before releasing any business details.
If you are thinking of selling and would like a free valuation or confidential discussion about your pharmacy, please call Anne on 01494 722 224 or email [email protected]