How can you be sure the private offer you’ve received for your pharmacy reflects current market value?

A pharmacy owner added £400,000 to the value of his pharmacy business with just one phone call.

When Michael contacted us, he had received a private offer of £1,100,000 for his pharmacy business from a local group, which he thought was a little low, but possibly fair.

It was not

Having seen Hutchings were NPA recommended, he contacted us to obtain a valuation to give him a better understanding of his businesses value. Based on the information Michael provided, we informed him that he should achieve a significantly higher offer if the pharmacies were placed on the open market. Michael trusted our judgement and gave us the go ahead.

A private sale could have cost Michael £400,000!

We marketed the pharmacies and received interest from several parties, who were in good financial positions and were keen to acquire. This ultimately led to two top offers of around £1,500,000, which was £400,000 more than the offer received privately.

That’s the power of a true expert’s market appraisal.

If you’d like us to help you achieve the top price for your pharmacy and take on the stressful parts of selling so you don’t have to, please get in touch.

I look forward to hearing from you,

Anne

Anne Hutchings

Managing Director
Hutchings Consultants Ltd.
e: [email protected]