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22 March 2021 | Pharmacies

Cartwrights Pharmacy in Essex sold to ambitious first-time buyers through Christie & Co

Specialist business property adviser, Christie & Co, has announced the sale of Cartwrights Pharmacy in Essex.

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Cartwrights-Pharmacy.jpg
Mark Page (Christie & Co) with the new owners of Cartwrights Pharmacy

Cartwrights Pharmacy is a standard-hours, community pharmacy which dispenses an average of 625 items per month. The business is located in Benfleet, Essex, and enjoys a central position in the town, opening out onto the main A13 Southend to London road.

The business was previously owned by Mr Raymond Law who, after over 20 years of ownership, decided to sell to pursue a well-earned retirement.

The pharmacy has been purchased by Hadleigh Healthcare Limited, a group of ambitious first-time buyers from Essex who plan to rebrand the business as Hadleigh Pharmacy.
 
Speaking on behalf of the company, Miss G Arjumand comments, “We are so excited about our first pharmacy and fully enjoy meeting all our customers. I expect they’ll see some positive changes here at the pharmacy over the next few months and we welcome any new or returning customers.”
 
Mark Page, Director at Christie & Co who handled the sale, comments, “Over the years, Mr Law has worked hard at the pharmacy to offer a personal service to the local community. Having minimal rent and low staff costs has resulted in a very efficient, cost-effective business model, and gives Cartwrights’ new buyers a solid foundation to build upon. The main road location of the pharmacy means that the modest investment will receive maximum exposure from the passing footfall and traffic.

“I’d like to wish all at Hadleigh Healthcare Limited the very best with their first pharmacy purchase and look forward to hearing about the continued success of the business.”

Cartwrights Pharmacy was sold off an asking price of £50,000.
 

 
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:
Mark Page, Director – Medical
P: 07764 241 279 or E: mark.page@christie.com