Laurence Gavin had been a long-time client of Fitzgerald Power, with our team managing the financial and accounting aspects of his pharmacy business. When Laurence began considering selling his pharmacy, he turned to us for guidance on navigating the process. Given our deep understanding of his business and our expertise in pharmacy sales, we were well-positioned to help him maximise value and achieve a smooth transition.
Sector benchmarking & KPI alignment
We advised Laurence on key performance indicators (KPIs) specific to the pharmacy sector and worked closely with him to ensure that financial and operational targets were aligned with market expectations. This alignment helped increase the business’s attractiveness to potential buyers.
Legal preparation & risk mitigation
We identified potential legal pitfalls early in the process and collaborated with Laurence and his legal advisors to resolve key issues before listing the pharmacy for sale. We also ensured that all major contractual, lease, and compliance-related matters were in order to prevent delays during the transaction.
Tax planning & business structuring
We reviewed Laurence’s company structure and advised on the optimal approach to minimise tax liabilities upon sale. By implementing tailored strategies to maximise available tax reliefs, we ensured that Laurence retained the highest possible proceeds from the transaction.
The collaboration between Fitzgerald Power and Laurence Gavin led to numerous benefits, including:
Provided a realistic goodwill valuation and advised on appropriate pricing based on market conditions.
Identified and approached suitable buyers through a curated distribution list and shared a detailed Information Memorandum.
Reviewed multiple offers, supported negotiations, and helped select the most suitable purchaser.
Negotiated key terms, drafted Heads of Terms, and ensured the structure aligned with the vendor’s best interests.
Acted as the central point of contact, managing communication and documentation throughout the due diligence process.
Prepared and agreed the Completion Net Asset Valuation (NAV), ensuring a fair and transparent final settlement.
Laurence Gavin, Former Owner
Park Pharmacy
