Frier Levitt recently assisted a remote, individual Buyer in the purchase of a pharmacy located in Brooklyn, New York. The purchase was the Buyer’s first pharmacy in the tri-state area. The transaction, with total value of approximately $300,000.00, included many last-minute obstacles which Frier Levitt was able to work through with Seller’s counsel in order to save the deal and have the closing come to fruition. The transaction required negotiation with the Pharmacy’s landlord to secure an assignment of the lease. After the closing, Frier Levitt assisted the Buyer with post-closing requirements including filings with the NY Board of Pharmacy.
Frier Levitt represents Buyers and Sellers of all sizes in pharmacy transactions. If you are looking to buy or sell a pharmacy, contact Frier Levitt today to speak to an attorney.