Hutchings Consultants specialise in the pharmacy market. We work with many pharmacy owners each year to increase the value of their business using our expertise in pharmacy acquisitions and disposals.
Unlike most other agents we deal exclusively with pharmacies, make us the true experts in the market. We’ve built our business based on achieving outstanding results for our clients.
NPA Members can benefit from a free valuation with no obligation.
Selling a pharmacy
If you are considering the sale of your pharmacy please contact us – any information which you give us will be treated in strict confidence.
When you are ready to sell, we have a database of over 4,000 buyers ranging from first time buyers to the multiples and with our expertise we can select the best buyers for your pharmacy. We can also help you:
- Negotiate the best possible price
- Negotiate the best terms and conditions of the sale
- Reduce your tax liabilities arising on the sale
- Introduce specialist solicitors to ensure that your sale progresses quickly and smoothly
We operate on a no sale no fee basis for pharmacy sales.
Written goodwill valuations for pharmacists
- Those who need valuations for matrimonial or partnership issues
- Needing a valuation for HMRC purposes
- Those who are considering purchasing a pharmacy, where they are buying the business privately or through another agent
- Requiring a valuation for any other purpose such as financing or simply because a business owner wants to know the value of their business for planning their future business strategy
If you require a written valuation our charges start from £895 plus VAT per pharmacy.
Ad hoc consultancy services
We can assist with feasibility studies for relocations including cashflows, projected profit and loss accounts and negotiations with developers etc.
Services for pharmacy purchasers
- Pharmacy valuations for purchasers where there is no conflict of interest i.e. where we are not acting for the vendor
- Negotiation of the price, again where there is no conflict of interest
- Helping first time buyers with general advice, budgeting for all costs involved in the purchase, cash flow projections and generally guiding them through the whole purchasing process
- Advising on tax issues and structure of the purchase
You can find the latest market reports and update from Hutchings Consultants Ltd by visiting our website.
|Using Hutchings ticked all the boxes for me. I couldn’t have achieved the price without their expertise. Selling your pharmacy is a one-off process. You need to maximise your options, otherwise you’d undersell. I highly recommend anyone thinking of selling to use Hutchings for their personable service and expertise.
Mr Robertson, A Weir Pharmacy, Scotland
|As an NPA member, I liked that Hutchings has always had a good relationship with the NPA. As well as the feedback from a colleague, it was a no brainer for me to go with Hutchings. Having bought my pharmacy through another agent, I did contact them before for a valuation but ultimately theirs was not as strong and Hutchings ended up achieving £30,000 more, so the price for the property and goodwill certainly matched what we were looking for.
Hutchings were always available, in touch and aware of what was going on. The sale went smoothly overall. I was very pleased and I would certainly recommend Hutchings without question to anyone thinking of selling their pharmacy.
Mr Warburton, John’s Chemist, Lancashire
|From the moment the phone is answered at Hutchings, the service is very professional and friendly. Your contacts, knowledge and patience to see the sale through was exceptional. We could never have managed to do this on our own. Hutchings negotiated a very good price that was acceptable to both parties and it was also a great relief that the sale remained confidential throughout.
Mr & Mrs Hibbard, Jayne A Hibbard Pharmacy, Derbyshire
|The decision to sell was the hardest decision we had ever made and we needed advice from the initial tentative enquiries right through to the months after the sale. Hutchings had been my accountant for about 10 years so it was a natural choice. They knew my business and I knew the staff well. I found that there was always somebody on hand to deal with questions promptly and efficiently. I was updated regularly and there was never a period of time when I felt out of the loop.
One of the main benefits to me, was the wealth of experience that Hutchings brought to the complicated process of selling a pharmacy. It is a process that I would only go through once and it was important to me that the advice was accurate and based on experience. Even though the sale was much smoother than I expected, there were still queries and complications that were difficult. However, there wasn’t a problem that the staff at Hutchings hadn’t encountered before and I felt that they could reassure me when the process started to feel stressful.
I was very happy with the price obtained, it exceeded the asking price. Of equal importance to me was the number of good offers. Having several offers allowed me to consider not only the best price but what I considered to be the best option for me and the pharmacy in the future.
I would certainly recommend Hutchings to anyone thinking of selling their pharmacy.
Mr R Griffiths, Kidwelly Pharmacy, Wales
|Having been invited to the Hutchings seminar in Manchester, we went along to gain information about planning for selling. At the time we were looking to sell in 2-3 years but personal circumstances intervened and it gave us the trust to use Hutchings services.
We found their services most helpful when it came to marketing our business well, setting the value, negotiating the final price and guiding us through the process.
Their understanding of the current market place, who to market the business to and finding us the perfect purchaser were most beneficial to us. We were very happy with the price achieved and it did exceed our expectations.
We couldn’t fault any part of their service, we were totally happy with the complete package.
Mr & Mrs J McKenzie, Bare Pharmacy Ltd, Lancashire