Successful, high-volume Bridlington pharmacy sold to local couple

Marton Road Pharmacy is a high-volume community pharmacy business that dispenses an average of 18,500 items per month and runs a successful COVID-19 vaccination service.

The pharmacy has been owned by Tapiwa Masamha since March 2017, who has almost doubled its dispensing numbers in the last six years. Having significantly grown the business, Tapiwa decided to sell to concentrate his efforts on his other pharmacy businesses in East Yorkshire and North East Lincolnshire and to create more family time.

Following a confidential sales process with Jon Booth at Christie & Co, and with funding sourced through Christie Finance, the pharmacy has been purchased by award-winning husband-and-wife pharmacist team, Jaya Authunuri and Aswini Gaali, who own another pharmacy in the town.

Tapiwa Masamha, former owner of Marton Road Pharmacy, comments, “I am pleased that the Pharmacy business at Marton Road has been sold to such a forward-thinking pair of pharmacists already embedded in the local area, and with strong, existing relationships within the wider healthcare community locally. I wish Jaya, Aswini and my former team the very best for the future.”

Jaya and Aswini, new owners of Marton Road Pharmacy, comment, “When Jon from Christe & Co approached us with the opportunity in Summer 2022, it was shortly after we had been involved in another pharmacy transaction in the town. At first, we were a little uncertain due to timing, but Jon convinced us that this was an unmissable chance which aligned with our future plans. We have shored up our future position in the town with this acquisition and look forward to supplying high-quality pharmacy services to the townspeople of Bridlington.”

Jon Booth, Director – Pharmacy at Christie & Co, comments, “With Christie & Co having been involved in the previous sale of this pharmacy to Tapiwa in early 2017, it was a pleasure to be asked to handle the onward sale for him following his incredibly successful years at the helm in which the business had been dramatically improved. Standard hours pharmacies with this level of volume remain rare to the market and have their challenges in attracting buyers, however, this is a great example of where our local knowledge of operators came to the fore to tie up a deal with a local independent wanting to grow their estate.”

Alena Ray, Associate Director at Christie Finance, who sourced funding for the deal, comments, “Working with Jaya has been incredible as he put all his faith in me right from the start, and I am pleased to have secured finance towards the acquisition of Marton Road Pharmacy. Whilst the funding process was riddled with challenges along the way, having access to specialist lenders in the market proved beneficial in securing a competitive funding package.”

Marton Road Pharmacy 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

Contact Christie Finance:
Alena Ray, Associate Director
P: 07590 486 356 or E: alena.ray@christiefinance.com

Visit Christie & Co’s Business Search page to find out more about current medical listings.