Saraj Chemist in Leicester acquired by family of experienced operators
Saraj Chemist, a standard hours pharmacy based in Leicester, has been sold through specialist business property adviser, Christie & Co, with funding secured through specialist commercial finance broker, Christie Finance.
Located in a densely populated area north of Leicester city centre, Saraj Chemist offers traditional services, as well as delivery and retail services, currently dispensing 3,665 items each month.
Established by Saraj Patel in the 1970s, the pharmacy has been sold to enable the previous owner to concentrate his efforts on his remaining business in Loughborough.
New owners and brothers, Anup, Rahul & Jatin Patel are well known in the local community, operating two retail businesses just 200 yards from the pharmacy on the same road. Anup qualified as a pharmacist in 2013 and has been working as a locum pharmacist and relief manager for a mixture of corporate and independent pharmacies, while Rahul has worked as a pharmacy manager since 2016. Having implemented a travel clinic, Rahul is also a qualified in travel medicines and is an independent prescriber. Jatin operates the management side of a family business, FGS Ingredients Limited, a catering food and drinks supplier.
The brothers plan to further develop the services offered at the pharmacy by growing an online presence, building relationships with local GP surgeries and implementing a travel clinic. The pharmacy has already been rebranded to ‘Brother’s Pharmacy.’
David Ward, Senior Director at Christie Finance, worked with the new buyers and comments, “It has been a pleasure working with the Patel family. Each of the brothers are uniquely qualified and will bring something different to the business. I wish them the very best in operating and growing Brother’s Pharmacy.”
Tony Evans, Head of Pharmacy at Christie & Co handled the sale and comments, “We are delighted to have concluded the sale of Saraj Pharmacy and after many years in our client’s ownership the acquisition by Brothers Pharmacy is expected to result in a significant development of not only the pharmacy but also a wide range of complementary healthcare services. The marketing of the pharmacy generated significant interest from across the East Midlands, further underpinning the fact that strong appetite remains for pharmacy opportunities within the area.”
