Author: Walid El-Hawli

A commercial lease can make or break a pharmacy deal. Whether you’re buying, selling, or setting up a new pharmacy, understanding the fine print of the lease is essential. A well-structured lease protects the value of your business, provides certainty for lenders, and helps avoid nasty surprises down the track. Here are the key lease considerations every pharmacy buyer and seller should understand before signing on the dotted line. 1. Assignment vs New Lease Assignment means the buyer steps into the seller’s existing lease. This typically requires the landlord’s consent, so it’s crucial to review the “assignability” clause. Does it…

When purchasing a pharmacy, securing finance is a key step, but it often comes with a personal guarantee. This is more than just a requirement from the bank; it’s a serious financial commitment that can affect your personal assets and future financial security. Many business owners sign without fully considering the risks. Let’s break down what a personal guarantee means, how it impacts you, and what you can do to protect yourself. Understanding the Risk: Why Personal Guarantees Matter At first glance, a personal guarantee may seem like a standard part of the loan process. But in reality, it means: …