North Meols Pharmacy Limited is selling 10-strong northern pharmacy portfolio
Specialist business property adviser, Christie & Co, has been instructed to sell 10 pharmacies operating across the North West of England and North Wales on behalf of North Meols Pharmacy Limited.
The 10 pharmacies benefit from standard hours contracts and are operated on a fully managed basis. They boast strong historical performances, with the average dispensing over 10,000 items per month, and over 80 per cent of the estate achieving dispensing volumes significantly ahead of the industry average in England.
Starting from a single pharmacy acquisition in 2009, the group has grown through a series of acquisitions over the last 13 years to its current portfolio size. The pharmacies all occupy well-established community settings, including two integrated GP sites, and are located in clusters across Southport, Wirral and North Wales.
Having successfully operated the pharmacies and built the group over the last 13 years, North Meols Pharmacy Limited is now looking to sell the businesses to concentrate fully on its community pharmacy business in Northern Ireland.
Jon Booth, Director – Medical at Christie & Co, who is handling the sale, comments, “Naturally, we are delighted to have been instructed to offer the 10 North Meols Pharmacy sites for sale. In our opinion, this is one of the best small pharmacy estates in the North West, with the majority of them having volumes well in excess of the UK average dispensing level. The group represents fantastic opportunities for a range of buyers both large and small.”
The sales will be conducted in the main by way of share sales with interest invited on a group, subgroup, or individual basis. For more information, visit: https://projecttyrone-christie.com
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For further information on this press release, contact:
Phoebe Burrows, Corporate Communications Manager
P: 07540 063 598 or E: phoebe.burrows@christie.com
Contact the agent:
Jon Booth, Director – Medical
P: 0770 360 7122 or E: jon.booth@christie.com
Visit Christie & Co’s Business Search page to find out more about current medical listings.
