Monday, April 15, 2024

New owners for pair of Midlands pharmacies

Specialist business property adviser, Christie & Co, has sold a pair of Midlands pharmacies trading as Peak Pharmacy.

Founded in 1981 by Peter and Jane Cattee, Peak Pharmacy is an independent pharmacy chain with over 150 pharmacies across the UK.

The company decided to sell two of its smaller branches – one in Little Eaton and one in Burton-on-Trent – which dispense an average of circa 2,800 items per month.

Following a confidential sales process with Carl Steer at Christie & Co, the pharmacy in Burton-on-Trent has been purchased by local first-time buyer, Mohammed Wasim Gul, and the pharmacy in Little Eaton has been purchased by Amul Telrandhe who also owns Derwent Pharmacy in Derby.

Carl Steer, Director – Pharmacy at Christie & Co, says: “The sale of small pharmacies can sometimes prove challenging, however, we are seeing a resurgence in demand for pharmacies dispensing below 4,000 items. Both pharmacies attracted multiple offers and were placed under offer shortly after launching to the market.

“It was particularly pleasing to sell a second pharmacy to Amul after we sold him his first pharmacy – Derwent Pharmacy – a few years ago.”

The two Peak Pharmacy branches were sold leasehold and freehold respectively via asset sales for undisclosed prices.

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemic having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £33.60 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.









Latest news

Related news

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close