1300 760 930 Customer Login

Pharmacy & Chemist Business Loans

Have funds in under 24 hours and access up to $300k

Get Started

Pharmacy Business loans

At Capify we understand that the needs of Pharmacies or Chemist’s are unique and the complex nature of your business requires the support of dedicated loan specialists.

1. Stock levels increasing.

2. Gradual slides in retail and presciption sales.

3. Wages increasing despite falling sales.

4. Gradual rent increases.

5. High Script owing amounts from pharmacies looking after nursing homes.

6. The false cashflows positions often bought about by timing of high cost drugs
and pharmacuticals.

7. Owners drawings staying constant whilst profitability and cashflow falls.

This is why we have developed a network of local Pharmacy finance specialists located throughout Australia’s major centres.

Our Pharmacy finance specialists have the expertise to suit your specific requirements. If you’re thinking of buying or renovating your existing pharmacy, there’s a lot you need to consider before deciding on the right business or renovation.

From government regulation changes to the financial performance of the individual business, there is a wide range of factors you’ll need to take into account.

This guide examines some keypoints in how you can find the right pharmacy to buy, how much it costs to buy a pharmacy and how Capify unsecured business loan can help fund your purchase or renovation.

What factors should you consider when buying a pharmacy?
Make sure you consider the following factors if you’re considering buying a pharmacy:

Business history.
How long has the pharmacy been in business? Does it have a solid base of loyal customers?

Business performance.

You’ll need to review the pharmacy’s financial performance in previous years to gauge how it is performing. Check previous profit figures and forecasts for the future.
Is there room for growth?

Your experience.
While it’s not necessary to have previous experience running a pharmacy to qualify for a loan, previous management experience is a must.

How the industry is fairing.
Regulatory changes from the federal government can have a significant impact on the profitability of pharmacies. For example, changes to the Pharmaceutical Benefits Scheme (PBS) can see the cost of drugs reduced and have a significant impact on your bottom line. You’ll need to make sure you’re well across the latest changes to regulations before you buy.

Why the current owner is selling. Find out why the current owner of the pharmacy is selling as this could have a huge impact on whether buying that particular pharmacy is a successful choice.

There are three main suppliers for the pharmaceutical industry in Australia:
1. Sigma,
2. Australian Pharmaceutical Industries Limited (API) and
3. Symbion.

This lack of competition means pharmacies only have a maximum of 30 days to pay their suppliers, which can have a significant impact on business cash flow.

How much will a Pharmacy cost?
There’s no hard and fast answer to the question of how much it costs to buy a pharmacy as the price you’ll need to pay is influenced by a range of factors. These include whether you buy a freehold or leasehold pharmacy, the size of the business, the number of staff employed and the range of products it sells.

The true value of a business can only be determined by analysing a long list of factors, including the following:

Financial statements
Physical and other assets
Market conditions
Sales information
Business plan
Employee details
Supplier details

To get an accurate idea of just how much a pharmacy is worth, you should engage the services of an accountant or business broker. They will be able to examine the business as well as its strengths and weaknesses to help determine a fair value.

How can I make sure the business is worth buying?
Before you buy a pharmacy or any other business, you’ll need to examine and analyse the following factors:

The pharmacy’s financial position.
Take a look at cash flow statements, debts, annual turnover and profit and loss statements from the past five years.

Also consider any assets the pharmacy owns.
The business itself.
Is the pharmacy part of a franchise that restricts how it operates?
Does the business space have all the necessary features and inclusions?
What does the pharmacy sell apart from medications to ensure that it continues to turn a profit?

Location. Location is a crucial factor in the success of any business that operates in the retail sphere, so consider the pharmacy’s location and how that affects its ability to attract customers. For example, is it located in a busy shopping centre or close to a medical centre?

Staff details.
How many people does the pharmacy employ?
What qualifications and experience do they have?
How much are they paid?

Supplier information.
What supply agreements does the pharmacy have in place? Are they adequate or can you adjust them to suit your needs?

How can I finance the purchase of a pharmacy?
Capifys can provide the unsecured business loan financing you need to purchase a pharmacy.
However, it’s not just as simple as filling out a quick application form with your personal details and the amount you want to borrow; you’ll need to prepare a detailed business plan to prove your reliability as a borrower.

Capify will want the following details:

The earnings and profit margins of the business
Sales performance
Sales and cash flow forecasts
Any qualifications and previous experience you may have
Your accountant can run you through the process of developing a detailed business plan and loan application to help you find the financing you need.

FAQ’s Frequently asked questions

How much can I borrow with a pharmacy loan?
Although borrowing criteria vary between lenders, you will generally be able to access 75% of the business’s value. If you use your residential property as security, loans for up to 100% of the business value are available.

Can I make interest-only repayments?
Yes, many lenders will offer the option of interest-only repayments for a fixed period.

What about if I want to set up a new pharmacy?
It can be quite difficult to get approval for a loan to set up a pharmacy in an existing suburb due to the fact that there is most likely already plenty of well-established competition in place. However, you may be able to find financing if you want to set up a pharmacy in a new or expanding suburb.

Is there any special equipment I need to run a pharmacy?
Depending on the type of pharmacy, you may need equipment such as wheelchairs, walking aids, bathroom aids, refrigerators, incubators, breast pumps, scales and more. When buying a pharmacy, it’s also important to consider your equipment finance needs.

Speak to a lending specialist today on 1300 760 930 to get funds in 24 hours or start your application and apply now.

Apply Now

How Capify helps small businesses acquire funding

Capify provides fast business loans in Sydney and is one of Australia’s leading finance firms that obtain the purpose of providing funds and assistance to any type of business who require it.

They offer two types of loans or credit products including; Merchant Cash Advance and Capify small business loan.

Capify is different from competitors with their ideal NSW business loans, and their ability to see potential success in businesses without being bias as much as possible on previous credit ratings.

Capify is an alternative to the big bank and does not offer a line of credit or interest rates, instead, they work with a fixed rate. Loan terms range from 3 months to 12 months and their loan amounts range from $5,000-$300,00.

How could small businesses in Sydney and NSW use Capify business funds?

  • Pay Bills
  • Marketing
  • Hiring extra staff
  • Purchasing Stock
  • Improve Cash Flow
  • Purchasing a Business car or Truck
  • Renovating or Expanding the business
  • Upgrading or Purchasing Equipment

Why choose Capify?

The great news is that Capify’s application costs are free, we don’t charge you when you submit an application for a small business loan in Sydney. It’s obligation-free and you can commit whenever you are ready.

A great financial product that Capify can provide is Merchant Cash Advance, where this revolves around businesses gaining a lump sum of money and repaying it through minor percentages of their EFTPOS transactions. This would greatly benefit the business as it would prevent cash flow shortages, thus they are able to have the cash to pay debt payments, expenses, and unexpected costs.

Furthermore, enterprises are also introduced to the option of Sydney business loans that Capify can provide, increasing capital, thus increasing cash flow. Alongside this, they deliver expert advice that contains knowledge and techniques on how to improve cash management to assist in keeping your business as healthy as possible.

Capify is Australia’s first small business lender since 2008, we have built and maintained a google review of 4.5/5.

Speak to a lending specialist today on 1300 760 930 to get funds in 24 hours or start your application and apply now.

Apply Now

We help businesses like:


What are your interest rates?

We don’t use interest rates for our funding solutions.

Instead Capify offers an agreed total payback amount. The payback amount depends on the type of business you operate and the term you require the business finance for. This way your business knows up front the total costs, making managing your cash flow easy.

Does Capify have an office branch in Sydney?

Capify is a fin-tech and purely operates online. We do not have a physical branch. However, our office is in Parramatta.

Apply Now
Copyright © 2020 Capify Australia PTY LIMITED (ABN 38 630 469 117) trading as Capify. All Rights Reserved.