Business acquisition
Buying a pharmacy business is an even more complex and frightening process than selling one. In addition to having to cope with all the same technical and practical aspects of the transaction and the black art of negotiation, you must deal with the most important element of all; uncertainty.
Whilst the seller of a business knows exactly what they will receive from the transaction (usually an absolute and definite cash sum) the buyer receives only the potential of future business and maybe, if they are lucky some future profits.
As a result it is essential that before you part with your hard-earned cash, you have evaluated & understood what you are buying into and appreciate the scope of potential returns the business may deliver. As most people will buy a business only once or twice in a lifetime, it is easy to see where an advisor who has evaluated and bought many hundreds could be of help.
Our acquisition service can help you with the entire acquisition process, including all phases from start to finish. These steps could include.
- Assessment of what type, and size of business to target
- Financing options
- Contact with vendors and collection of all information required to evaluate the business
- Assistance with financial evaluation of the business, potential returns and scenario analysis
- Decision on whether to proceed
- Presentation of offer and where appropriate creation of an offer letter or Letter of intent
- Co-ordination of collection of detailed information required to satisfy due diligence audit
- Support on detailed contract discussions and negotiations
- Assistance with integration or transfer planning (to ensure you inherit all of the business you thought you were buying)
Therefore, before investing a substantial sum in exchange for "Goodwill", talk to us about your plans and see if we can help you. Our fees will naturally depend on the scope of service, but will, you can rest assured, be market-leading and pale into insignificance alongside the potential gains or losses to be made in the purchase of a business.
*Whilst our experience allows us to help and input at all the above stages, our scope does not extend to that of professional legal or financial advisor. Where required, we advise and can recommend the services of a specialist
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