Family sells high dispensing Sheffield pharmacy after 67-year ownership

Armstrong’s Pharmacy is a standard-hours community pharmacy that dispenses an average of 11,332 items per month. It is located on the corner of Gleadless Road, which is circa three miles south-west of Sheffield City Centre.

The business has been owned by the Armstrong family since 1957 and was recently brought to market to allow the current owners, Chris and Jane, to retire.

Following a confidential sales process with Tom Young and Jon Booth at Christie & Co, the pharmacy has been purchased by husband-and-wife first-time buyers, who are looking to expand the size of the pharmacy unit with additional consultation rooms, and to grow the services offered to the local community.

Chris Armstrong, former owner of Armstrong’s Pharmacy, comments, “It was a big decision to sell our multigenerational business but, when it was time to retire, we were glad that Christie & Co were able to quickly market the business successfully. We had three viewings and three offers in the first few weeks of marketing, and it is pleasing that the new owners are a young, motivated husband and wife team with plans to enhance what we have done with the business as a family. We wish them all the very best and we are looking forward to our retirement.”

Tom Young, Senior Business Agent – Pharmacy at Christie & Co, comments, “We were delighted to be asked by the Armstrong family to help them with their retirement plans. The business was a fantastic example of a well-run independent community pharmacy with good margins, a well-drilled team, and owners who really worked hard to provide top-class service to their community. Furthermore, the supply of these types of opportunities across South Yorkshire has been limited in recent years and, as expected, when we launched the business to market we were inundated with enquiries from first-time buyers and existing operators alike. We look forward to seeing the new owners take what the Armstrong family has built over many years and enhance that with their own ideas.”

Armstrong’s Pharmacy was sold for an undisclosed price.

------------------------

For further information on this press release, contact:
Phoebe Hill, Associate Director – Corporate Communications
P: 07540 063 598 or E: phoebe.hill@christie.com

Contact the agents:
Tom Young, Senior Business Agent – Pharmacy
P: 07831 133 642 or E: tom.young@christie.com

Jon Booth, Director – Pharmacy
P: 0770 360 7122 or E: jon.booth@christie.com

Visit Christie & Co’s Business Search page to find out more about current listings.