There is a huge demand for pharmacy aquisitions despite the Government cuts!

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
Hampshire Rowlands Castle

Pharmacy

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]

Posted in Blog on 1st February 2018