MediEstates Pharmacy - Funding a Pharmacy Purchase
Funding your pharmacy purchase

Funding your pharmacy purchase

Raising the funding for the purchase of a pharmacy is paramount. MediFinancial work with all specialist UK Healthcare lenders the UK to source the necessary funding, and in some cases attaining preferential rates

Review current assets and liabilities
An understanding of the individual’s current financial situation will allow us to ascertain the upper levels the banks will go up to.

Pharmacy Found
Prior to even viewing a practice, if you have found a particular practiced you are interested in, by providing us with the basic details we will profile the practice to the 14 specialist healthcare banks to see if and see if it is a financially viable proposition for you and them. This will give confidence in not losing a deposit paid to an agent for a practice purchase if the banks will not fund it.

I have found a pharmacy I like

Supply details and accounts of pharmacy found
Once there is a target pharmacy the banks require documentation in order to give a loan in principle. This bundle of documents is paramount in attaining a pharmacy loan, MediFinancial will guide and compile this bundle of documents and ensure they are sent to the banks.

Create business case package and approach 14 banks for best deal and rates
A full business case detailing the current business and where the business will be under the new owners is created on behalf of the individual by MediFinancial. This is then sent to the banks along with all other documentation required to source the required funding .

Review insurances required by banks and put these in place
When a pharmacy is purchased, banks will require relevant insurances to be in place on the day of completion. With each case being individual, MediFinancial will review the requirements and generate the relevant cover to suffice the bank’s needs.

This agreement is in relation to MediEstates Limited introduction to a prospective sale of a business as a going concern. By registering through this agreement I agree to all terms set out below:

  1. To treat all information supplied by or on behalf of the Vendor in connection with the sale of the Business as confidential. Confidential information relates to: -the actual Vendors identity and all confidential information in respect of the Business; including but not limited to: any ideas, business methods, prices, accounts, finance, marketing, research, development, manpower plans, processes, market opportunities, intentions, design rights, product information, customer lists or details, employee's details, trade secrets, computer systems and software, and other matters connected with the products or services manufactured, marketed, provided or obtained by the Vendor, and information concerning the Vendor's relationships with actual or potential clients or customers and the needs and requirements of such clients' or customers' operations.
  2. Duties of Prospective Purchaser are:
    1. To take such reasonable security measures to protect the Confidential Information as it takes to protect its own confidential information.
    2. All communications are to be through MediEstates unless agreed.
    3. That they shall not, without the prior written consent of the Vendor, permit any of the Confidential Information to be disclosed, other than in confidence to its legal or professional advisers, to be copied or reproduced; to be commercially exploited in any way; to be used for any purpose other than in connection with the prospective purchase of the Business; and to pass outside the control of the Prospective Purchaser.
    4. The Prospective Purchaser must not jeopardise or re-direct the sale under any circumstances.
    5. That they will not contact any 3rd parties related to the business for which information has been provided, i.e. solicitor's, employees, accountants, clients.
    6. That they will not under any circumstances contact the Local Area Team or CCG regarding any business sale, by any means of media unless written permission has been granted by the current Vendor.
    7. To carry out own Due Diligence once any business purchase moves to forward, and accepts that MediEstates Ltd only supplies information provided by the vendor and is not responsible for its accuracy or completeness.
    8. To lodge a deposit held in a client account to secure a business sale and cease its marketing, which is refunded on completion.
    9. To not use any social media at all regarding business details.
  3. If you require finance to purchase your business, or need other financial services, MediEstates on your approval will refer you to an FA to assist you. MediEstates may be paid a fee for this service.
Your shortlist contents will be included in this contact submission