Aylestone Pharmacy, formerly known as Jhoots Pharmacy, in Aylestone, Leicester has been purchased by its previous manager, Shahid Shaikh.
Ideally located opposite a GP surgery, with two other doctors’ surgeries within half a mile, the pharmacy provides an essential service for its local community. The business has received praise from the residents for the friendly working relationships the staff have with patients.
After managing the business for four years, new owner, Shahid, purchased the business by obtaining help of commercial finance specialist, Christie Finance.
Following the purchase, the business has been rebranded as Aylestone Pharmacy and is run and managed by Shahid and his wife Zainab. Shahid intends on maintaining the store’s customer service and relationships with residents. There are also plans to improve efficiency and bring out the full potential of the business by offering additional services and products.
Shahid Shaikh says: “Being first-time buyers, we were quite nervous about the whole process and realised that we would need expert advice to find solutions for this project. It was always a dream to own the pharmacy, something that had been an ambition for many years.
“We finally had the opportunity to make it a reality. Having worked for Jhoots Pharmacy, I got to know the customers, so it felt very special to find a business that also felt like home. In the future, we plan to introduce new initiatives and services.”
David Ward, senior director at Christie Finance, says: “It’s really pleasing to be able to assist Shahid in purchasing the business which he has run as the manager for the past four years. He knows the pharmacy and the patients and is now able to expand the business and run it how he wants to run it.
“Half of our job is to arrange the finance. The other half is to help with issues that crop up in the legal process, which is precisely what happened here – but we were able to help resolve these and get the purchase over the line.”
