First-time buyer pair snaps up Nottinghamshire pharmacy as owner retires
Specialist business property adviser, Christie & Co, has announced the sale of Manns Pharmacy in Nottinghamshire.
Manns Pharmacy is a standard hours community pharmacy that dispenses an average of 5,000 items per month. It is located in the residential area of Mapperley, a suburb three miles north-east of Nottingham city centre.
The business has been owned by Gurinder Singh Mann for over 20 years and was brought to market to allow him to retire.
Following a confidential sales process with Carl Steer at Christie & Co, and with funding sourced through David Ward at Christie Finance, it has been purchased by first-time buyer friends, Mitan Maisuria and Rahul Patel. They will both work in the pharmacy going forward and will aim to increase its service offering.
Carl Steer, Director – Pharmacy at Christie & Co, comments, “The sale proved popular, with eight offers from five parties. I have no doubt the pharmacy will benefit from being operated hands-on by Mitan and Rahul, and I wish them all the best with their first pharmacy business.”
David Ward, Senior Director at Christie Finance, comments, “I am delighted to have arranged the funding for Mitan and Rahul for the purchase of Manns Pharmacy in what is currently a tougher lending market than this time last year. I am sure that they will take the pharmacy business to new levels.”
Manns Pharmacy was sold leasehold via asset sale 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:
Carl Steer, Director – Pharmacy
P: 07917 475 229 or E: carl.steer@christie.com
Contact Christie Finance:
David Ward, Senior Director – Head of Medical Finance
P: 07815 803 262 or E: david.ward@christiefinance.com
Visit Christie & Co’s Business Search page to find out more about current medical listings.
