Pharmacy Finance

When it comes to providing finance for pharmacies, no two lenders are equal. Loan to value ratios (LVR) can range from 60% to 80% with differing LVRs for the goodwill and freehold. Interest rates can vary significantly too. Different lenders can also value your pharmacy in different ways which can make a massive difference to how much you can borrow.

Knowing which lenders have policies in line with your objectives means you get a quick result and do not have to waste time comparing options. Give me a call today to discuss what you are looking to achieve, and we can discuss current options.

Having spent years looking after a dedicated healthcare portfolio for a major lender, I have in-depth knowledge of complex service trust and partnership structures common in the pharmacy industry. 

I understand the importance of limiting partner recourse to their individual share of the loan and how to structure this with lenders.

With almost 60% of current pharmacists planning retirement in the next 10 years, partnerships are a practical way for the profession to transition practical skills and develop experience.

For a junior partner, a partnership with an existing owner provides mentorship, management skills and practical experience. The cost of purchasing an established pharmacy is often too much for a junior pharmacist alone, partnership will allow for a share in a pharmacy with an option for the share to grow over time.

For senior partners, junior partnerships are an excellent succession plan. As the junior partner has a stake in the business performance, the senior partner can transition away from operational duties and potentially transition a larger share of the business to the junior partner(s) as they get closer to retirement. 

Having provided finance for numerous junior partnerships over the years, my experience and knowledge will help find you the right solution.