Some examples of recent transactions.
Bluecross Pharmacy - Birmingham
Christie Finance was able to help the owners of the Soho Pharmacy in Birmingham to refinance to facilitate the purchase of Bluecross Pharmacy.
Our clients, a neighbouring business, were keen to acquire a second business in this very competitive area and develop it to its full potential. Our client was a qualified pharmacist and had been running Soho Pharmacy for over 12 years.
Gary Boyce from the Christie Finance Medical Team was able to quickly review the business accounts of both pharmacies and outline a facility that would in-turn release the equity to purchase the business, while moving them to a more competitive lender who would support the performance of both businesses going forward.
SJ Smith & Associates - Cumbira
David Ward was able to help an experienced operator with the funding to acquire their second dental practice.
Our client a Senior Associate for five years was working across several practices in London. Having already purchased of a an associate-led practice in Manchester with the help of David, he enquired about SJ Smith & Associates located in Cumbria which was being sold through Christie & Co and our client indentified this business as a great practice to buy to grow his portfolio.
David used his expertise and specialist lender contacts to arrange suitable funding to support the purchase, despite the business being of some distance from London, where the client was based.
Main Street Dental - Ayrshire
Craig Dickson was able to assist his client with the funding required to purchase their first practice.
Our client was an Associate working at another local practice and was keen to buy in Ayrshire. He quickly identified Main Street Dental as a ideal opportunity given it was a long established business with an excellent reputation built up over many years.
Working to tight timescales Craig used his sector knowledge and specialist lender contacts to secure market leading terms for his client and has no doubts that this practice will go from strength to strength.
Tean Pharmacy - Staffordshire
David Ward helped a client purchase Tean Pharmacy in Staffordshire, beating 17 other bidders to the business. The vendor liked the buyer and also liked the fact that CF was arranging the finance – trusting in our judgment and knowing that the process would be handled professionally.
David approached several lenders with an in-depth Finance Proposal and secured competitive facilities which delivered against the borrowers precise requirements.
Botterills Pharmacy - Nuneaton
We recently helped an experienced pharmacist with funding to purchase their first pharmacy. The client a locum pharmacy manager in Solihull wanted to manage their own business.
The client had been looking for some time for the right pharmacy before finding Botterills Pharmacy. With our help, we were able to evaluate the business opportunity and secure them the right funding needed to start their business.
Kitson’s Pharmacy - Worchester
David Ward arranged funding to assist the purchase of Kitson’s Pharmacy for an experienced pharmacist.
The pharmacy is very well established and has been owned and operated by the vendor for the last 20 years, who was looking to retire from the sector.
David helped guide our client with their bid for the business alongside arranging secured funding to make it highly desirable for the vendor to accept.
Marsh Lane Dental Practice - Stanmore
David Ward helped a dental associate purchase their first dental surgery. The existing principal wanted to sell the business to explore other avenues, and our client saw this practice has a great opportunity with the option of growing the business further by extending the practices open hours.
The existing practice principal would be staying on for another year post-sale to effectively handover the goodwill to the client. Even though the client was an experienced dentist, David had to overcome lender hesitation due to a slow decline in business turnover over the last couple of years, owing to the limited practice opening hours to secure the finance. Finding the right lender and finding the right manager to support the deal were the two most important elements of this transaction.