Do’s and Don’ts of the sales process

Do get a professional broker to sell the pharmacy for you. The process and be a very emotional one and often vendors allow emotion to cloud their judgment.

Do use a solicitor who is familiar with pharmacy transactions. Keep up the pressure on your solicitor to move the process along. We will help you do this.

Do maintain confidentiality all through the sales process. This is in your best interest.

Do read and implement the preparation of a business for sale, particularly with respect to stock and consumables.

Don’t interact with the purchasers in any way, always work through a broker.

Don’t give advice to the incoming owner. Everybody does things differently and, in many cases, the incoming owner wants to make changes to improve the business.

Don’t book a holiday just after settlement date, settlement dates can be very fluid and are invariably delayed.