34-pharmacy business in the north of England goes up for sale
Specialist business property adviser, Christie & Co, has been instructed to sell 34 pharmacies across the North of England on behalf of the shareholders of Whitworth Chemists Limited.
John Whitworth started his pharmacy business in 1967 and, after stepping out of wholesaling, established a new pharmacy chain, Whitworth Chemists Limited in 1999. Since then, the chain remained family-owned. The group trades from 34 community and health centre pharmacies located across the North of England - stretching from Blackpool in the West to Skegness in the East, and up to Newcastle in the North East. Across the portfolio, the average dispensing volume is circa 8,500 items per month, with volumes ranging from 3,000 items to 22,000 items.
Following a strategic review by the family shareholders, the decision has been taken to sell the business. Interest is invited on a group, subgroup, or individual basis. With its support office in Scunthorpe, North Lincolnshire, the business has centralised services and MHRA-approved warehousing facilities which will also be available for sale – an opportunity which does not come on the market often.
Jay Badenhorst, Managing Director at Whitworth Chemists Limited, and Superintendent Pharmacist, comments, “Whitworth Chemists Limited has built a strong business over the last three decades, delivering a range of quality pharmacy services to a wide patient group across the North of England. The business benefits from an amazing, dedicated team delivering first-class pharmacy services daily. However, the time has come for the family shareholders to step back from the business, thereby offering a great opportunity for a new purchaser or purchasers to continue to build on the enviable reputation we have created.”
Jon Booth, Director – Pharmacy at Christie & Co, who is handling the sale, comments, “We are delighted to have been engaged by the family and shareholders of Whitworth Chemists Limited in this exciting project. Rarely does a group of this size and quality come to market and be offered for sale on a group, subgroup, or individual pharmacy basis, and we expect significant interest to be generated for the pharmacies.”
Further information is available through a dedicated project data room: https://projectthorpe.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 – Pharmacy
P: 07703 607 122 or E: jon.booth@christie.com
Visit Christie & Co’s Business Search page to find out more about current medical listings.
