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Pharmacies

Christie & Co is the UK’s leading specialist pharmacy agent with a team of specialist business agents offering advice on a national, regional and local basis.


Click here if you're searching for a pharmacy. Each one has been personally inspected by one of our experienced agents who will be pleased to answer any questions you have prior to viewing.

Click here if you're thinking of selling a pharmacy and would like a free market appraisal.


Or if you would like to speak to us about any aspect of the pharmacy sector, call our Head of Pharmacy Tony Evans on 020 7227 0700.

 

So what do we offer?

 

For buyers - are you looking to buy a pharmacy? 


Why not register on the website now for details of what we have for sale? It costs nothing and we'll email you to update you on new and existing instructions when we take them, free of charge and automatically. 


Alternatively please don’t hesitate to contact one of the pharmacy team to talk through your requirements and to obtain an understanding of market dynamics in your area.

We can also advise on all aspects of the purchasing process and help you raise funding through our sister company Christie Finance
 

For sellers - do you have a pharmacy to sell in the next 5 years? 

 

It is important to seek professional advice at an early stage. With a regionally based team of dedicated pharmacy agents, one of our local specialists will visit you at a convenient time and talk you through the sale process so that you can make an informed decision when the time is right. They will also liaise with your other advisers to ensure advice is tailored to your own personal circumstances.  

Initial marketing advice is provided free of charge, without obligation and on a strictly confidential basis. Our agents will meet with you at a convenient time either inside or outside business hours so complete discretion is assured.

For an honest view of the market and expert advice on how to achieve the best price for your business, get in touch with one of our pharmacy specialists or call our Head of Pharmacy, Tony Evans, for an initial discussion on the above number.  
 

Do you need a formal 'Red Book' valuation?

Our team of Chartered Surveyors across our 15 office network offers a range of valuation and property related services to the pharmacy sector. These include:

  • Accredited 'Red Book' valuations for loan security purposes
  • Valuations for partnership set up and incorporation
  • Dispute resolution/expert witness assignments
  • Rent reviews for landlord or tenant
  • Freehold 'bricks and mortar' valuations
  • Asset reviews for estate portfolios
  • Consultancy services to support relocation
  • Rating Advice 


Our team of RICS registered valuers work with a wide range of clients from independent operators through to the largest corporate clients. With access to up-to-date transactional evidence, they understand the nuances of the market and factors affecting it.


For initial advice to discuss the services we provide please contact either Christopher Vowles or Tony Evans.

2.8%

Movement in average prices, year-on-year

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Pharmacies for sale

Market view – 2018 set to be another busy year

Pharmacy Market Update 
2018 saw an 2.8% increase in the average year-on-year movement in prices supported by a strong performance in the volumes of sales we completed through the year.  

Activity in 2019 is already significantly ahead of last year, underpinned by purchaser appetite and long-term confidence in the sector.

Pharmacy Funding
In England, the DHSC’s funding cuts implemented in December 2016 significantly impacted contractors’ cash flows, these being further burdened by the effects of successive Category M claw back in 2017/18 and 2018/19 respectively, as well as challenges surrounding drug shortages and the inevitable price increases these have led to. With the latest Category M claw back having finished in March this year contractors will welcome reimbursement returning to ‘normal’ levels. However, contractors’ eyes will remain on funding as the PSNC and DHSC continue their discussions on the financial settlement for 2019/20, as well at the outcome of their funding contract negotiations. Many hope the two negotiators will agree a more long-term settlement of up to five years, thereby offering contractors a clearer understanding of their future remuneration, in turn enabling them to invest in their businesses with more certainty. 

Whilst Wales follows England’s PSNC lead in its general approach to remuneration, the country has witnessed a far more collaborative approach by the Welsh Assembly in the delivery of pharmacy services. In contrast to England the sector has seen additional funding, as well as the roll out of a common ailments scheme, much to the benefit of pharmacy contractors.

Similarly, to the Welsh Assembly, the Scottish Parliament has also adopted a more collaborative approach to pharmacy services, it too providing additional funding to support the pharmacy network. The result in both cases is that, in contrast to the English market, there has been a much lower turnover of pharmacies with only relatively few pharmacies coming to market, as contractors enjoy a relative stable remuneration environment.

Northern Ireland’s funding issues have been well documented over recent years, however, following the continued efforts of the Community Pharmacy Northern Ireland (CPNI) the sector has seen an additional £11.1 million of funding awarded for 2018-19 and 2019-20. Whilst below that outlined in Cost of Service Investigation for Community Pharmacy in Northern Ireland (COSI), in February 2019 the Department of Health provided additional transformation funding to the sector. this has gone some way to bridge the gap between the core funding settlement and that proposed by the COSI in its final report released in May 2017, This welcome news is already having a positive impact on purchaser appetite and we anticipate after a relatively subdued climate over the past few years the additional funding announced will inject momentum into the market, as confidence for the future returns to the sector.

Market Appetite
Despite the challenges the sector continues to face appetite across all four countries remains strong. Whilst we have seen an increasing volume of pharmacies coming to market this has been mirrored in purchaser appetite, with a significant increase in the number of sales agreed over the first half of 2019 compared to the same period in the prior year. Bank appetite across the sector also remains robust. As a result, prices remain relatively stable. 


Movement in average prices, year on year