9/17/2020 | Pharmacies

Community pharmacy sold to first-time buyer and experienced operator duo

Specialist business property adviser, Christie & Co, is delighted to announce the sale of Sherburn Village Pharmacy in County Durham to first-time buyer and experienced operator duo.

Sherburn Village Pharmacy is a highly profitable independent NHS community pharmacy which dispenses an average of 6,300 items per month, and benefits from being within walking distance of a local surgery.

The pharmacy sits unopposed in the village of Sherburn, County Durham, where its closest competitor is just over a mile away in Belmont. As a result, Sherburn Village Pharmacy benefits from being included in the Pharmacy Access Scheme (PhAS).

The business has been owned and run by Mr John and Mrs Julie Parkinson since 2001, who decided to sell to pursue other ventures with a less demanding pace. In the past 20 years the prescription flow has doubled, and they wish the new owners every success in further developing the business.
The pharmacy’s new owner is first-time buyer Mr Peter Slowey who has entered a partnership with experienced operator, Mr Ray Mackie of East Boldon Village Pharmacy Limited.

Mr Slowey, who will run the pharmacy hands-on, comments, “We are pleased to have acquired a pharmacy with so much potential and are looking forward to forging links with the local community. We hope to build upon Julie and John's success over the last 18 years by fully engaging with advanced and private services."

Karl Clezy, Director of Medical at Christie & Co, who handled the sale, comments, “The pharmacy generated interest very quickly when first placed on the market. The trading performance was very impressive over the last few years, which helped attract several offers. John and Julie ran the pharmacy very well but there is still scope for the new owners to develop the business even more, particularly by focusing on the Advanced and Essential Services that they can offer the local community.”

Sherburn Village Pharmacy was sold off an asking price of £650,000.

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:
Karl Clezy, Director – Medical
P: 07885 813 160 or E: karl.clezy@christie.com