4/19/2018 | Pharmacies

​Milborne Port Pharmacy sold to first time owners

Specialist business property adviser, Christie & Co has completed on the sale of Milborne Port Pharmacy, a local community pharmacy situated in the traditional, rural village of Milborne Port in South Somerset near the Dorset border.

Occupying the ground floor of an end of terrace period property, the well established pharmacy maintains an enviable position on a main road and benefits from a loyal customer base. The business has been acquired by first time buyers, Mr Olawale and Mrs Oluwatoyin Lawal with funding secured through specialist commercial finance broker, Christie Finance.

Previous owner, Sarah Allard decided to sell the pharmacy in order to retire and comments, “I was delighted to have completed the sale of Milborne Port Pharmacy in Dorset following over 35 years of ownership. I found Jonathan Board at Christie & Co to be helpful, transparent and knowledgeable at all times. Having met several pharmacy agents before making my decision to sell, I would not hesitate to recommend Jonathan to anyone thinking of selling their business in the future.”

Jonathan Board, Director at Christie & Co who handled the sale adds, “Milborne Port Pharmacy has an excellent local reputation built by Sarah’s many years of service to the local community, and I knew that independent contractors would see this as an excellent opportunity to take this business on. New owners, Mr Olawale and Mrs Oluwatoyin Lawal are a husband and wife team, who I am sure will do well with this new business venture.” 

Gary Boyce, Director at Christie Finance, who advised and brokered the funding to facilitate the purchase of Milborne Port Pharmacy, said of the deal, ‘We are delighted to help Olawale and Oluwatoyin with the purchase of their pharmacy business. As two energetic and capable pharmacists, I am sure they will make a great success of growing the business. Having secured strong funding support on their behalf, we wish them well with their future ambitions."