Specialist business property adviser, Christie & Co, has announced the sale of West Town Pharmacy in Peterborough.
West Town Pharmacy is a standard hour community pharmacy with a substantial home delivery service. It has been consistently trading for a number of years and has established a strong travel vaccine customer base. The business operates from a sizeable premises with a large, open plan sales area and has excellent potential to improve over-the-counter sales.
Well-located on the outskirts of Peterborough city centre, the pharmacy sits on a predominantly residential street, within half a mile of three GP surgeries.
West Town Pharmacy was purchased by Paydens Ltd in 2016 as part of a group acquisition and was brought to market as, geographically, it did not fit with the group’s, mainly Kent-based, portfolio. It has now been purchased husband-and-wife first-time buyers, Mr Kamal and Mrs Dharini Kadhi.
Speaking on behalf of Paydens Ltd, Director, John McConville, said, “West Town Pharmacy was not a good fit for the Paydens Group, so we decided to sell the business. We are pleased that the pharmacy will be an independent family business and wish the new owners every success.”
Mark Page, Director at Christie & Co who handled the sale, said, “This is another example of a pharmacy moving from corporate ownership into independent hands which has been commonplace in the market over the past few years. We wish Mr and Mrs Kadhi all the very best with their new venture.”
West Town Pharmacy was sold for an undisclosed price.