Group of friends snap up high-dispensing health centre pharmacy in Uttoxeter
Specialist business property adviser, Christie & Co, has announced the sale of Balance Street Pharmacy in Uttoxeter, Staffordshire.
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Balance Street Pharmacy is a standard-hour, community pharmacy that dispenses an average of 22,000 items per month. It is ideally located within a health centre on Balance Street in Uttoxeter.
The pharmacy has been owned by the health centre’s doctors for over 10 years, who recently decided to sell as part of their retirement planning.
Following a confidential sales process with Carl Steer at Christie & Co, it has been purchased by Pharmacist friends - Bhavesh Patel, Viraj Parmar and Pritpal Grewal - who will run the business between them.
Carl Steer, Director - Pharmacy at Christie & Co, comments, “The sale of Balance Street Pharmacy was brought about by one of the GP partner owners wanting to retire, which spurred the decision for all partners to sell the pharmacy. After a period of marketing, we attracted two offers and agreed on a sale to the purchasers that was close to the guide price. Sales for high volume pharmacies in and out of medical centres remain strong with several similar sales due to complete across the Midlands in the coming months.”
Balance Street Pharmacy was sold for an undisclosed price.
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For further information on this press release, contact:
Phoebe Hill, Associate Director – Corporate Communications
P: 07540 063 598 or E: phoebe.hill@christie.com
Visit Christie & Co’s Business Search page to find out more about current medical listings.