Ainsley, a pharmacist based in regional NSW, had been managing her pharmacy for several years and was looking to expand by acquiring a new location. Employing two full-time staff and a part-time assistant, Ainsley had established a loyal customer base, but the acquisition presented challenges. She was also managing some existing wholesaler and tax arrears and found it difficult to be across and understand her sales performance, profit and overall cash flow while juggling the day to day operations.
She was so involved in the daily operations, she was overwhelmed. Ainsley approached Allfin seeking expert guidance and practical solutions to fund the new pharmacy while addressing her current financial pressures.
How Allfin helped:
The Allfin team worked closely with Ainsley to:
- Assess her financial position: Using detailed reporting and analysis, the team helped Ainsley understand her current sales, GP%, expenses, and accounts, giving her a clear picture of her pharmacy’s equity.
- Debt restructuring: Allfin reviewed Ainsley’s arrears and developed a practical plan to restructure her debt, negotiating with lenders and suppliers where possible.
- Funding for expansion: The team identified suitable finance options for the acquisition of her new pharmacy, structuring the loan in a way that supported her cash flow and future growth.
- Ongoing support and tools: Allfin provided guidance on monitoring quarterly performance metrics, helping Ainsley gain confidence in managing her business effectively.
Outcome
“Allfin made the overwhelming and daunting process manageable. I finally feel in control of my finances and confident about the future growth of my business.” – Ainsley, NSW.
With Allfin’s support, Ainsley successfully acquired her new pharmacy and restructured her existing debt, giving her a stable financial foundation to grow her business. She described the experience as relieving and empowering, praising the Allfin team for their practical guidance, knowledge, and hands on support throughout the process.
Interested to know how we can support your needs? Reach out to the Allfin team.