PHARMACY FINANCE
Pharmacy finance for your next step into ownership
Buying your first pharmacy is a major professional and financial decision. Adding another site brings a different set of questions. We help you understand your funding options and prepare a borrowing proposal that reflects the business you want to build.
Buying your first pharmacy
Before you commit to a purchase, it helps to understand how much funding may be available and what you will need to contribute. The purchase price is only part of the picture: consider transaction costs and the cash needed to operate after completion.
We start with your experience, available funds and the pharmacy you are considering. We help you identify gaps in the information and discuss which lenders may be suitable for your circumstances.
Adding a second or third site
A new pharmacy needs to work alongside the business you already own. We help you present the proposed purchase together with your existing borrowing, operational plans and financial information, so the funding discussion reflects the wider group.
Reviewing your existing borrowing
If your current arrangement no longer suits your plans, we can explore refinancing. We consider the terms available alongside the costs of moving and any existing repayment conditions. A lower headline rate does not automatically mean a better overall outcome.
What should you prepare?
For an initial discussion, bring what you already have: the sales particulars, asking price, recent financial information, details of your available contribution, your professional background and any existing borrowing.
Distinguish the money available for the purchase from the money you want to keep for working capital and unexpected costs. If you are buying another site, include information about your existing pharmacy business too.
How Cogent Finance helps
We discuss the transaction with you, help organise the borrowing case, approach suitable lenders and explain the terms they offer. We support finance-related queries during the application and work alongside the other professionals involved as the purchase progresses.
Your accountant and solicitor remain important to assessing the business and the transaction. The finance application is one part of that wider process.
Pharmacy finance questions
How much deposit will I need?
There is no single deposit figure for every pharmacy purchase. Funding depends on the business, your circumstances, security and the lender’s assessment. We can discuss your available contribution and help establish a realistic starting point.
Can you help before I have found a pharmacy?
Yes. An early discussion can help you understand what information to gather and how to approach a future purchase. It is an initial assessment, not a commitment from a lender.
Can I buy through a limited company?
Tell us how you intend to structure the purchase. We can explore finance for the proposed structure, while your accountant and solicitor advise on its tax and legal implications.
Will you speak to my existing bank?
We can discuss including your existing bank alongside other suitable lenders. The objective is to understand the options available for your deal.
How long will the finance take?
Timing depends on the lender, the information available and the transaction. An initial indication is different from a formal offer, and an offer may contain conditions that must be met before funds can be released.
Start with a conversation about your pharmacy purchase
Tell us where you are in the process and what you want to achieve. We will help you identify the next steps in exploring finance.
Finance is subject to status, lender criteria and assessment. Security and personal guarantees may be required.
Let’s discuss your next step
We are a credit broker not a lender. Cogent Finance is a trading style of Cogent Finance Limited, registered at 9 Freetrade House, Lowther Road, Stanmore, HA7 1EP. Company Register number is 08858716. Cogent Finance Limited is Authorised and Regulated by the Financial Conduct Authority. Our FCA registration number is 727183. You can check via www.register.fca.org. We are registered with the ICO, ZA101760 and you can check via www.ico.org.uk. We conduct unregulated business only and therefore not all products provided through us are regulated by the Financial Conduct Authority. We source finance from the whole of market. We may receive commissions that will vary depending on the lender, product, or other permissible factors. The nature of any commission model will be confirmed to you before you proceed.
Cogent Finance Ltd is a member of the National Association of Commercial Finance Brokers (NACFB).