Jameson’s Pharmacy - Fitzgerald Power

Helping Iveagh Jameson Successfully Sell His Pharmacy.

Background

Iveagh Jameson, an experienced pharmacist and business owner, was considering selling his pharmacy. As a long-established business, he wanted to ensure the sale process maximised value while minimising tax liabilities. Given the complexities of such a transaction, he turned to Fitzgerald Power for expert financial and strategic guidance.

Challenges

Determining an accurate goodwill valuation for the business.
Structuring the sale in a tax-efficient manner.
Identifying and approaching the right buyers.
Managing multiple offers and ensuring the best deal.
Navigating the due diligence (DD) process and coordinating legal requirements.
Finalising financials and agreeing on completion NAV (Net Asset Value) with the purchaser.

Our Approach

Fitzgerald Power provided end-to-end support, ensuring a smooth and profitable transaction:

Initial Consultation & Valuation
- Met with Iveagh to discuss the sale process and estimated goodwill value.
- Explained key factors influencing the sale price and how to position his pharmacy in the best possible light.
Targeting the Right Buyers
- Compiled a distribution list of potential buyers for Iveagh’s approval.
- Prepared a professional Information Memorandum and shared it with selected targets.
Negotiating Offers
- Reviewed incoming offers with Iveagh and provided financial insight on each.
- Guided her in selecting the most suitable purchaser, ensuring a deal aligned with his goals.
Agreement & Legal Coordination
- Drafted and finalised the Heads of Terms, outlining key sale conditions.
- Liaised with the purchaser’s agent to finalise and agree on terms.
Due Diligence Management
- Acted as the main point of contact for all due diligence queries.
- Coordinated between Iveagh, solicitors, and the buyer to keep the process efficient and on track.
Completion & Final Financial Adjustments
- Prepared the completion NAV (Net Asset Valuation) and agreed on the final figures with the purchaser.
- Ensured a seamless transition and successful close of the sale.

Outcome

Thanks to Fitzgerald Power’s strategic financial guidance and hands-on support, Iveagh successfully sold his pharmacy with:
A strong sale price, reflecting the pharmacy’s true market value.
A smooth due diligence process, minimising stress and delays.
Confidence that he made the best possible decision for his business and future.

“

Selling my pharmacy was a daunting process, but Fitzgerald Power made it incredibly seamless. Their expertise in valuation, and negotiations was invaluable. They handled everything, allowing me to focus on running my business while securing the best possible deal. I couldn’t have done it without them.