Are you looking to buy a pharmacy in Plymouth?
At Prospect Estates we offer a wide range of pharmacies for sale in and around the Plymouth area.
Buying a pharmacy in Plymouth offers several key advantages, including a growing population, a strong healthcare infrastructure, and a diverse economy. The city’s strategic coastal location attracts both tourists and local residents, creating steady demand for pharmaceutical services.
Prospect Estates are working with a wide range of pharmacies in the Plymouth area that are actively looking to sell, so please get in touch to find out about our latest opportunities.
View our pharmacies for sale in Plymouth
Distance selling pharmacy for sale Devon - Turnover c£1.65 million
Turnover: £1,650,000
Offers over: £400,000
Location(s): Devon
Maintainable EBITDA: £130,000
Years established: 15-20
Number of staff: 12
Number of items: 15,000
Notes:
- 32% gross profit
- Major scope to improve services and net margins
- Long established
- Running with autonomy under management
- Large dispensing premises
Find out more Sold
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Frequently asked questions
What are the key advantages of buying a pharmacy in Plymouth?
• Growing Population and Expanding Community: Plymouth is a thriving city with a steadily growing population, supported by new housing developments and an influx of students and professionals. This growth ensures a consistent and expanding customer base for pharmacy services, offering long-term business potential.
• Strategic Coastal Location:
As a major port city, Plymouth benefits from a strategic coastal location, attracting tourists and people from surrounding areas. The town’s appeal as a tourist destination increases foot traffic, while its coastal position also presents a growing demand for travel health services and pharmaceutical products.
• Diverse Economy: Plymouth has a diverse economy, with strong sectors in marine, education, healthcare, and defence. The city is home to the University of Plymouth, as well as several research institutions, driving demand for pharmaceutical services from students, academics, and professionals, providing a stable and varied customer base.
What is the process for purchasing a pharmacy?
• Read our simplified guide to buying a business and make sure that you get every element right. We can help guide you through each stage of the process.
• If you are interested in acquiring but you’re struggling with any part of the process or just don’t know where to start, then just get in touch.
How can I maximise acquisitions success?
• We have compiled a free e-book listing 10 areas to focus on to maximise acquisitions success.
• Discover details on: Financials / Marketing Strategy / Legal Issues / Due Diligence / Financing and Deal Structuring
What are the key financial considerations when purchasing a pharmacy?
• The price of the pharmacy can vary significantly based on location, size, profitability, and stock levels.
• Consider ongoing costs like staffing, inventory, insurance, and utility bills.
• Understand how the pharmacy generates income, including NHS services, private sales, and private prescriptions.
What aspects of the pharmacy premises should I look for?
• Condition of the property: Check the condition of the building, equipment, and facilities. Are they in good repair?
• Size and layout: Ensure the space is appropriately sized for current operations and potential future growth.
• Lease terms: If the pharmacy is leased, evaluate the lease terms, including rent, duration, and any clauses that could impact long-term stability.
Where can I get more guidance on the pharmacy acquisition process?
• Whether you’re a first-time buyer or a seasoned owner, our webinar offers expert advice on the process of buying a pharmacy.
• Join Nathan Atkinson, Director of Prospect Estates, and the legal experts from Carter Bond Solicitors in this essential webinar.
• This session will simplify the pharmacy acquisition process and highlight key pitfalls to avoid.
