Specialist business property adviser, Christie & Co, has sold Peak Pharmacy in Ibstock, Leicestershire.
Founded in 1981 by Peter Cattee, Peak Pharmacy is an independent pharmacy chain with circa 150 pharmacies across the UK. This branch in the town centre of Ibstock is a standard hours community pharmacy that dispenses an average of circa 2,700 items per month.
Peak identified the pharmacy as suitable for disposal due to the low item numbers and, as such, it would be more suited to an owner-operator.
Following a confidential sales process with Carl Steer at Christie & Co, it has been sold to Jayesh Hotchandani, a first-time buyer who will be relocating to Leicester to operate the pharmacy hands-on.
Carl Steer, Director – Pharmacy at Christie & Co, said: “We have been pleased to act for Peak Pharmacy to divest of some of their smaller branches in recent years. All the completed sales have been sold to first-time buyers who will go on to operate the pharmacy with a hands-on approach. Jayesh, I am certain, will be successful and drive the business forward under his ownership.”
Peak Pharmacy was sold for an undisclosed price.
