Professional financing for your pharmacy

whimblegardens.co.uk, quick and easy financing for professionals

Final response within 48 hours No guarantee required Quick release of funds No prepayment charge

Pharmacy: finance your project with crowdlending

Purchase of a pharmacy, work, fitting costs ... whatever your project, find financing thanks to the new crowdlending solution. An alternative to the bank loan that allows you to develop, with complete peace of mind.

Focus on the pharmacy sector in France

Today our country has one pharmacy for every 2800 inhabitants, with an average turnover of 1.4 million us dollars. 80% of this turnover is achieved through the sale of drugs.

The takeover of a pharmacy is, in general, a project that works. The survival rate after 5 years is indeed greater than 90%. This recovery is, however, subject to conditions. The buyer must be the holder of the state diploma of doctor of pharmacy and have at least 6 months of experience. In addition, opening is subject to the issuance of a license by the ARS (Regional Health Agency).

The activity is highly regulated and a certain number of legal and fiscal provisions must be observed. As part of a pharmacy buyout project, it is preferable to contact the order of pharmacists for advice or support.

Buying a pharmacy

Acquiring a pharmacy , both individually and in partnership, requires the mobilization of significant capital. The price of the transaction includes intangible elements such as customers, the brand or the right to lease. It also includes many physical elements: IT, layout or even various materials.

Added to this is the cost of the stock as well as ancillary costs: rights, legal fees, architects' fees or even mortgage. On January 1, 2010, the average selling price of pharmacies amounted to 88% of sales including tax. But it can range between 80% and 120%.

Pharmacie du Val de Loire
Pharmacie du Val de Loire borrowed $ 100,000 over 48 months
The funds were paid in 3 days

Pharmacy: other investments

Various investments are also expected to allow the pharmacy to develop. Among them :

  • the acquisition of an automaton . Robots are machines that save time at the counter, boost sales, and optimize inventory management. Many establishments now choose this option!

  • the financing of charges : payment of rent, staff costs, stock of drugs, insurance, contributions, energy bills, etc.

  • layout expenses : optimized space layout allows for better organization of workstations. It makes the place more pleasant, highlights the products and contributes to the image.

  • the purchase of computer equipment . Good equipment allows efficient accounting and administrative monitoring. Investing in latest-generation computer equipment helps in particular to better manage inventory, invoicing, collections, management of third-party payment or even the remote transmission of treatment sheets.

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The financing stages on whimblegardens.co.uk

  • 1. Test your eligibility (60 seconds) Fill in your information and accompany your request with your latest assessments.
  • 2. Analysis of your loan request (48 hours) Our analysts will contact you to further develop the development project.
  • 3. Online collection (7 days) Gain visibility with our large community of lenders.
  • 4. Release of funds (24 hours) The collection is complete, we release the funds to your bank account.
  • 5. Repayment of lenders (Duration of the loan) whimblegardens.co.uk takes a monthly installment from you to redistribute it directly to your lenders.

Pharmacy: how to finance a buyout?

Your choice of pharmacy is stopped? Now you need to find funding. A solid file and a strong motivation are all assets for your project to materialize.

First good reflex, build up a contribution . Ideally, this sum should reach between 15 and 25% of the investment value (depending on the profile of the pharmacy), so that the banks follow you. In general, the contribution makes it possible to finance the ancillary costs to the acquisition of the fund, such as legal fees, working capital requirements or works. This sum can be supplemented by an external contribution, for example, thanks to a donation, a family loan or between spouses.

The next step is to apply for a bank loan . In practice, this occurs when seller and buyer sign a compromise. However, you can consult the banks upstream in order to save precious time in your procedures!

Finally, you will also find financing solutions on the side of pharmaceutical groups . Interested parties can benefit from support before, during and after installation. They can take advantage of bank loans on preferential terms. However, this option implies that the pharmacist joins the group… and remains there. A commitment that must be thought through carefully, before embarking on it.

Crowdfunding : new pharmacy financing solution

However, the road will be strewn with pitfalls in obtaining your bank loan. In a context of crisis, the bank will ask you for guarantees. The pledge of the business, a BPI counter-guarantee and of course your personal guarantee!

And that's not all, the bank can also ask you to increase your contribution if they feel that it is insufficient for the purchase of your future dispensary.

Made possible in France since 2014, crowdlending is emerging as a new alternative to bank credit. Via dedicated platforms, borrowers call on a community of investors. Simple, fast, the procedures are done online. As a result, significant time and energy savings… And above all, no guarantee will be required!

Via crowdlending, you can find funds to acquire your pharmacy or develop its activity. This option allows you to finance both tangible and intangible needs … and to diversify your sources of funding. In vogue, crowdlending appeals to many entrepreneurs. In 2016, no less than 96.6 million US dollars were thus collected, according to the KPMG crowdfunding barometer.

By taking out an equity loan, you send a positive signal to the banks, which are then in a better position to grant you, in turn, a loan.

whimblegardens.co.uk, French leader in crowdlending (participatory loan)

Pharmacists, find financing thanks to the equity loan on the whimblegardens.co.uk platform. Number 1 in crowdlending in France, whimblegardens.co.uk meets all your needs . Our analysts give you a definitive answer within 48 hours and allow you to save time in all your procedures. Discover our various formulas: loans of $ 20,000 to € 2.5 million for a period of 12 to 84 months and a community that chooses to support you!
Need financing for the installation of your pharmacy?

Questions answers

With whimblegardens.co.uk, the acceptance process is simplified as much as possible: online loan request and final response in less than 48 hours. No personal deposit or guarantees required. At whimblegardens.co.uk, we eliminate excessive bureaucracy, and we trust you!
Your company must have more than 3 years of seniority, achieve more than $ 150K in turnover and have positive equity.
You can borrow from $ 20,000 to $ 2,500,000.
The terms offered by whimblegardens.co.uk range from 12 months to 60 months.
Our credit analysts calculate this rate by taking into account the duration of the loan and the risk of the project to make several proposals for durations.
After uploading your project to our website, allow around 7 to 10 days to receive the funds in your bank account.
Like a bank loan, each month you will repay the lenders (principal + interest) for the duration of the loan. Our partner S-Money takes care of everything. Make sure your bank account is fully funded before each monthly withdrawal.
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