First-time buyer snaps up Little London health centre pharmacy
Specialist business property adviser, Christie & Co, has announced the sale of Medisure Pharmacy in Little London, Walsall, West Midlands.
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Medisure Pharmacy is a standard hours health centre pharmacy that dispenses circa 8,000 items per month. It is located adjacent to The Little London Surgery in Caldmore, a suburb close to Walsall.
Previously owned by MK Pharma Ltd, the pharmacy was brought to market to enable its owner to concentrate on other business interests.
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, Liam Gill.
Carl Steer, Director – Pharmacy at Christie & Co, comments, “This wasn’t a straightforward sale, but with a focused approach and great help from motivated sellers, buyers, agents, and brokers, we crossed the line with every party happy. This is yet another pharmacy sold to a first-time buyer – with this buyer segment contributing to circa 90 per cent of our sales in the Midlands. As we see more independent pharmacies coming onto the market, which is something that we haven’t seen in a few years in the Midlands, appetite from independent buyers is likely to see an uptick.”
David Ward, Senior Director at Christie Finance, comments, “Having funded this pharmacy originally for the seller, it was a pleasure to arrange the funding for Liam who has some great ideas to provide even more services to the local community. Finance for first-time buyers is crucial in the pharmacy sector and lenders are being more selective as to which businesses they lend to – hence the need for anyone considering buying their first pharmacy to get good, specialist advice.”
Medisure Pharmacy was sold for an undisclosed price.
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For further information on this press release, contact:
Phoebe Hill, Associate Director – Corporate Communications
P: 07540 063 598 or E: phoebe.hill@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
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.