We have a team of accountants who are highly experienced in the Pharmacies sector and, as a firm, we have acted in the acquisition/disposal of well over 1,000 outlets for multiples and independents.
We continue to deal with the normal accountancy and taxation requirements of many independent pharmacists and, as a result of this and our transactional experience, we are ideally placed to assist both the first-time buyer and the serial acquirer.
Our services include advice on:
Buying a pharmacy or a pharmacy company is a major commitment and the process can be lengthy and complex.
Smailes Goldie can help make your purchase a little easier and less stressful.
We have experienced people who are familiar with all the common pitfalls to guide you through the whole process, whether you are a first-time buyer or extending an existing chain. Operating conditions for pharmacies have become more difficult, with the impact of category M and 100 hour pharmacies causing a reduction in the value of pharmacies, which some sellers have been slow to recognise.
Smailes Goldie can assist in the following areas:
- Identification of target pharmacy
- Pharmacy review and valuation
- Forecasting and fundraising
- Deal structure and preparation of formal offer
- Commercial and contractual negotiations
- Financial and taxation due diligence
We can also call upon the services of our colleagues at Pharmacy Advice and Consultancy Services (PACS), where appropriate.
We work closely with leading solicitors in this sector but if you would prefer to use your own legal team we are happy to work with them, offering guidance on the sector where it is required.
PACS is a pharmacy and consultancy business whose directors have worked closely with us for many years and have more than forty years experience in the independent and multiple pharmacy sectors.
For a free, no obligation consultation, please contact us here.
Selling a pharmacy or pharmacy company can be a lengthy and complex process.
Smailes Goldie can help you achieve the best possible price from a reliable purchaser.
You need experienced people, familiar with the common pitfalls, to guide you through the whole process.
Operating conditions for pharmacies have become more difficult in recent years, with the impact of category M and 100 hour pharmacies causing a reduction in the value of pharmacies which some sellers have been slow to recognise. It is important to appreciate that buyers have long since abandoned `percentage of turnover’ valuations, with the emphasis now being on profitability.
We work closely with our colleagues at Pharmacy Advice and Consultancy Services (PACS) whose directors have more than forty years experience in valuing, selling and buying pharmacies in the independent and multiple pharmacy sectors. Together we can assist in the following areas:
- Provision of accurate accounts
- Pharmacy review and valuation
- Pharmacy consultancy and grooming for sale
- Marketing and identification of buyers
- Minimisation of tax liabilities on sale including, where appropriate, advice on restructuring
- Deal structure and agreement of sale terms
- Commercial and contractual negotiations
- Assistance with the disclosure process
We work closely with leading solicitors in the sector but, if you would prefer to use your own legal team, we are happy to work with them, offering guidance on the sector when needed. We will also, where required, work alongside your existing accountants and taxation advisers.
For a free, no obligation consultation, please contact us here.
Pharmacy valuations may be required for a number of different reasons, including sale, sale/retention decisions, acquisitions, disputes, finance and joint venture arrangements.
We can provide you with an up-to-date, written valuation to meet your needs.
The value of pharmacy businesses is unique in comparison to many other retail businesses as a result of the NHS Control of Entry Regulations. That’s why it’s vital to have a thorough understanding of these regulations to ensure a correct valuation is reached.
Some sellers have been slow to appreciate how the likes of category M and 100 hour pharmacies have reduced the value of their business and so it is vital to realise that buyers have long since abandoned `percentage of turnover’ valuations, with the emphasis now being on profitability.
We work closely with our colleagues at Pharmacy Advice and Consultancy Services (PACS) whose directors have many years experience in valuing, selling and buying pharmacies in both the independent and multiple pharmacy sectors. Together we can assist with the provision of accounts and forecasts, a review of the areas which might affect the valuation and the provision of a valuation report.
For a free, no obligation consultation, please contact us here.
The granting of new pharmacy applications or relocations is often the biggest single factor impacting the profitability of existing pharmacies, whilst presenting a huge opportunity for the applicant.
Our colleagues at Pharmacy Advice and Consultancy Services (PACS) have extensive experience in making applications and defending those made by third parties, right up to the complete management of the application and appeals process.
PACS also provides a consultancy service to assist pharmacy contractors to deliver nationally and locally commissioned services effectively and efficiently, which is essential to maintain income when margins are under pressure.
For a free, no obligation consultation, please contact us here.
Our Managing Partner, Ian Lamb, was involved in a number of disposals to E. Moss Limited, the pharmacy division of UniChem, in the early 1990s and in 1995 Smailes Goldie was appointed to deal with all pharmacy acquisitions for E. Moss Limited and, subsequently, its successors Alliance UniChem and Boots UK Limited. Our work in this respect includes financial and taxation due diligence and assistance with negotiations and contractual matters.
For a free, no obligation consultation, please contact us here.
Key contacts:
