The once humble high street chemist is now a health and wellness centre, often with an accompanying online presence. Chemists still present on the high street now offer an array of wellness services, from blood sugar testing through to weight management. They will often sell complementary products, such as beauty and health items, rather than simply dispense prescriptions. This also reflects a national drive to encourage patients to visit pharmacists for minor concerns rather than heading automatically to the doctor’s surgery.
Opportunities for investment
The changing face of the high street chemist and pharmacy offers fantastic opportunities for sustainable growth and movement into new markets. As an example, some chemists are following the French ‘pharmacie’ model of selling high-end and specialist beauty products. Others are developing online pharmacy prescription and delivery services, with rapid fulfilment and convenient services for time-pressed customers.
Access to finance woes
Accessing the necessary finance to invest in the business can be challenging. Big banks are still often unwilling to take on new customers and make loan conditions extremely onerous. Many SMEs in the chemist and pharmacy industry have reported difficulties in accessing the finance they need to thrive and grow.
Get in touch
To speak to our experienced business finance advisors about your specific needs, or to ask any questions, please contact us today and we will be delighted to help. Alternatively, complete the short online application form for an instant decision on your business loan. We are open for business and ready to lend – the funds could be in your bank account tomorrow!
Whatever your business need, the right kind of flexible finance is available to you. We’ll carry out a needs assessment based on your requirements and circumstances and advise on the loan products we can offer you. Our team are experienced, helpful, friendly- and they don’t speak in jargon!
Get in touch for a no-obligation chat today and secure the business finance that you need.