Selling Your Pharmacy

Our Pharmacy Sales Process

Because we specialise purely in pharmacy sales, our process is tailored exactly to your needs. Our consultants will guide you through every step when selling your pharmacy with Hutchings, and you can read more about our “6 Steps” below.

How do I sell my pharmacy?

STEP 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.

STEP 2

Confidential Meeting

You will meet with our specialist pharmacy sales consultant away from your staff and discuss your pharmacy and plans in detail.

STEP 3

Prepare Sales Literature

At this stage we will compile comprehensive financial and business information into the pharmacy sales pack.

STEP 4

Identify Quality Buyers

Your pharmacy will be confidentially introduced to carefully vetted buyers from our extensive database.

STEP 5

Competitive Offers

It is normal to receive multiple offers when selling a pharmacy ensuring you get the best possible price.

STEP 6

The Legals

We guide the sale and hold your hand to completion, ensuring all legal aspects are thoroughly covered.

Our success stories

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Jan & Paul Denwood

Jan & Paul explain how they found working with Hutchings when it came to selling their pharmacy, their life’s work. They explain their priorities going into the sale and how they felt it all went.

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Neepa Patel

Having accumulated six branches, this was the first disposal for Neepa and Yogesh. This was also the very first branch they owned, so it was with added emotion they entered the sales journey.

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Free valuation

For a confidential no obligation discussion, or for a free valuation please call
Anne Hutchings on 01494 422 848 or register to sell below.

Frequently asked questions

To see our full FAQs, please click here

Many factors can make selling your pharmacy worthwhile, including retirement plans, changing market conditions, increased competition, or a desire to pursue other interests. We can help you assess your pharmacy’s current market position and advise you on timing to achieve the best outcome.

You cannot sell your pharmacy for the best price unless you know what it is worth. Each pharmacy valuation is individual and dependent on many factors. We value pharmacies every day and there are huge variations dependent on factors such as location, NHS/OTC mix, nursing homes, staffing costs, to name just a few factors. Please contact us for a free no obligation valuation.

We know that for most pharmacy owners confidentiality is crucial and one of the biggest worries during the process of selling the business. We have signed confidentiality agreements with every buyer and will be in control of all communications, so that you are only contacted at times of your choosing and by a method that suits you.

Appointments will be arranged to suit you i.e. outside working hours etc, which will minimise the likelihood of your staff becoming suspicious.

Whilst it is possible to sell a pharmacy within days of it going onto the market, to achieve the best price, serious buyers need to receive and discuss the information provided with their advisers. As a general guide we find 2 to 3 months from the initial marketing of the pharmacy to be the usual time scale for arriving at the sale agreed stage. Thereafter allow another 4-5 months on average for the legal process to complete.

We maintain an extensive network of vetted buyers and actively market your pharmacy through targeted channels. We’re able to handle enquiries, screening, and negotiations on your behalf.

Once you accept an offer to purchase your pharmacy, several steps must take place to finalise the transaction. These typically include the buyer’s due diligence, securing finance approval, and completing the transfer of ownership. During this period, professional guidance from your accountant, solicitor, and pharmacy advisors is essential to ensure a smooth and successful completion.