The Pharmacy Group purchases Rochdale Pharmacy in Greater Manchester
Specialist business property adviser, Christie & Co, has announced the sale of Rochdale Pharmacy in Greater Manchester to first-time buyer, The Pharmacy Group.
Rochdale Pharmacy is a standard hours business which dispenses circa 4,700 items per month and is located in the town of Rochdale in Greater Manchester.
The pharmacy was previously owned by Sharief Healthcare Ltd and was brought to market as part of its ongoing rationalisation of the wider group. The business has been purchased by The Pharmacy Group Ltd which plans to focus on the implementation of new services and growing its customer base through service delivery.
Haroon Ahmed, Director for The Pharmacy Group Ltd, comments, “This is an exciting first venture for us and we are looking forward to the challenge of growing the business. There is a good base to begin with but, with a hands-on approach, we hope to further grow the profile of the pharmacy within the local community.”
Jon Booth, Associate Director at Christie & Co, who handled the sale, comments, “Rochdale Pharmacy attracted a good deal of attention when it came to the market. Having been part of a larger group and run with locum management, it represented a great opportunity for a first-time buyer to use the current trade from which to grow an owner-operated business. We wish the Directors of The Pharmacy Group the best of success and look forward to seeing them implement their growth plans.
“The pharmacy sale market in Greater Manchester is one of the strongest in the UK. Demand continues to outstrip supply, especially in the sub £500,000 price bracket which is most attractive to first-time buyers. The proximity of towns like Rochdale to the metropolitan area of Manchester means that there is a rich seam of acquisitive buyers competing for opportunities when they enter the market.”
Rochdale Pharmacy was sold for an undisclosed price.
For further information on this press release, contact:
Phoebe Burrows, Corporate Communications Executive
P: 020 7448 8849 or E: phoebe.burrows@christie.com
Contact the agent:
Jon Booth, Associate Director
P: 07703 607 122 or E: jon.booth@christie.com
