Thatcher Finance is a leading pharmacy lending specialist, providing finance lending advice and solutions to Australia’s most reputable pharmacy owners.
The importance of using a specialist pharmacy finance broker should not be underestimated. Amidst the current industry challenges and changes, it is essential to engage a pharmacy lending expert that understands the unique and complex requirements and structure of pharmacy business.
Our highly awarded commercial brokers know pharmacy inside and out and are therefore able to advise on lending solutions for pharmacists and pharmacy partners.
If you need help with any of the following, please get in touch:
· Finance advice on buying into your first pharmacy either on your own or as a partner.
· Growing your existing pharmacy business.
· Buying an additional pharmacy business.
· Advice on structuring lending across multiple pharmacy businesses.
· Refinancing existing lending arrangements to secure a better lending structure or rate.
Step-by-Step Guide to Purchasing a Pharmacy
Buying a pharmacy is a regulated and complex process that requires financial planning, due diligence, and expert advice. We’re award winning, pharmacy lending experts with extensive experience, across multiple lending scenarios to help our clients buy their first and subsequent pharmacies.
If you’re looking to buy into a new pharmacy partnership or business, we will ensure that the transaction completes seamlessly, giving you the confidence to begin life as a pharmacy owner.
Step 1: Define Your Goals
Clarify your objectives—profitability, location, or investment.
Set a budget and assess borrowing capacity.
Most pharmacists can finance 70-80% of the purchase, depending on borrowing capacity, experience, location, and or support from family.
Step 2: Research the Market
Explore pharmacy listings via brokers and industry associations.
Analyse market conditions, demographics, and competition.
Networking with brokers and owners can uncover off-market opportunities.
Step 3: Secure Financing
Whilst you can’t get a preapproval when buying a pharmacy we can provide you with a budget range.
Obtain loan pre-approval from pharmacy-specialist lenders.
Consider business loans or vendor finance, supported by a business plan and projected cash flow.
Step 4: Engage Professionals
We have a trusted network of highly experienced allied industry professionals including accountants, solicitors, valuers and that can assist you in getting the deal done.
Step 5: Perform Due Diligence
Analyse financials, prescription volume, lease terms, staffing, and regulatory compliance. Review contracts with suppliers and landlords.
Step 6: Valuation and Negotiation
We use pharmacy valuation specialists who use a FME (future maintainable earnings), EBITDA, comparable sales, and ROI methods to value the business.
We will negotiate terms, payment structure, and transition details on your behalf.
Step 7: Finalise and Settle
We will help you with the process of signing contracts, transferring licenses, and completing settlement in conjunction with associated pharmacy specialists.
Inventory checks and supplier transitions also take place during this phase.
Step 8: Post-Purchase Transition – hit the ground running!
We will set up your banking to ensure that you hit the ground running, allowing you to focus on customer loyalty, staff performance, compliance, and growth strategies.
Purchasing a pharmacy is a complex process, requiring careful planning, expert advice, and thorough due diligence. By following this step-by-step guide, you can mitigate risks and ensure that your pharmacy purchase is successful, sustainable and thriving in the long term.
Expert pharmacy lending advice is only a phone call away – 1300 76 40 30 or please email barry@tfco.com.au