Specialist business property adviser, Christie & Co, has sold Manns Pharmacy in Nottinghamshire.
Manns Pharmacy is a standard hours community pharmacy that dispenses an average of 5,000 items per month. It is located in the residential area of Mapperley, a suburb three miles north-east of Nottingham city centre.
The business has been owned by Gurinder Singh Mann for over 20 years and was brought to market to allow him to retire.
Following a confidential sales process with Carl Steer at Christie & Co, and with funding sourced through David Ward at Christie Finance, it has been purchased by first-time buyers, Mitan Maisuria and Rahul Patel. They will both work in the pharmacy going forward and will aim to increase its service offering.
Carl Steer, Director – Pharmacy at Christie & Co, says: “The sale proved popular, with eight offers from five parties. I have no doubt the pharmacy will benefit from being operated hands-on by Mitan and Rahul, and I wish them all the best with their first pharmacy business.”
David Ward, Senior Director at Christie Finance, says: “I am delighted to have arranged the funding for Mitan and Rahul for the purchase of Manns Pharmacy in what is currently a tougher lending market than this time last year. I am sure that they will take the pharmacy business to new levels.”
Manns Pharmacy was sold leasehold via asset sale for an undisclosed price.
