High-dispensing Wigan pharmacy sold for the first time
Specialist business property adviser, Christie & Co, has announced the sale of J England Pharmacy Limited in Wigan, Greater Manchester.
J England Pharmacy is a standard hours, self-contained community pharmacy that dispenses an impressive average of 17,678 items per month.
The pharmacy was established in the early 1960s by Doug England, who was joined in 1995 by his son, Warren. Formerly positioned in various nearby locations over the years, the pharmacy moved to its current position on Gidlow Lane in 1999, where it adjoins Beech Hill Medical Practice.
Warren, who latterly owned the business, recently decided to sell to pursue a well-earned retirement.
Following a confidential sales process with Jon Booth and Tom Young at Christie & Co, and with funding sourced through David Ward at Christie Finance, it has been purchased by Stuart Ellis, the owner of Millenium Pharmacy in St.Helens. Millenium is a successful, growing community pharmacy which also has an established aesthetics supply business. Stuart plans to use the location and position of both pharmacies to grow the services offering and enhance the brand profile of both businesses.
Warren England, former owner of J England Pharmacy Limited, comments, “I am pleased that the legacy of the pharmacy business that my father founded in the 1960s has been passed on to such a safe pair of hands in the shape of Stuart. I wish him and his team the very greatest of success.”
Stuart Ellis, Owner of Millenium Pharmacy, comments, “I am hugely excited to be taking over J England Pharmacy. My interest in community pharmacy began at the age of 14 when I was working at a long-established family-owned pharmacy business, and so it is an honour to take on the legacy of this similar business which aligns with my own long-held values and beliefs around community pharmacy. I’d like to thank Warren for his openness throughout the process and wish him a very happy retirement.”
Jon Booth, Director – Pharmacy at Christie & Co, comments, “When we first met Warren and his wife Charlotte, they were having a tough time achieving a sale with their existing agent and Warren just wanted to retire - something he really deserved having given so much over the years to community pharmacy and the people of Wigan. Our fresh marketing approach soon yielded results; we were able to quickly identify a handful of potential buyers that the previous agent had overlooked. A deal was struck in under eight weeks with a committed and credible buyer and, whilst the transaction wasn’t the most straightforward at times, we were able to work closely with the buyer’s broker at Christie Finance to find innovative solutions to problems whenever they arose.”
J England Pharmacy Limited was sold for an undisclosed price.
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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
Tom Young, Business Agent – pharmacy
P: 07831 133 642 or E: tom.young@christie.com
Contact Christie Finance:
David Ward, Senior Director
P: 07815 803 262 E: david.ward@christiefinance.com
Visit Christie & Co’s Business Search page to find out more about current listings.
