12/14/2023 | Pharmacies

New owner for popular Altrincham health centre pharmacy

Specialist business property adviser, Christie & Co, has announced the sale of Pelican Pharmacy in Altrincham, Greater Manchester.

Pelican Pharmacy in Altrincham


Pelican Pharmacy is a standard hours community pharmacy which dispenses an average of 4,249 items per month and is located in Timperley, Altrincham - around six miles from the centre of Manchester. The pharmacy sits within a health centre and has recently felt the benefits of a new GP partnership in the building, with items rising as new patients come to the location.

The business, which originally began on 344 Manchester Road but relocated to its current site in 2021, has been owned by Gary Chan since 2012 and was brought to market to allow him to concentrate on a new venture and spend more time with his family.

Following a confidential sales process with Jon Booth and Tom Young at Christie & Co, and with funding sourced through Alena Ray at Christie Finance, it has been purchased by first-time buyer, Kiruba Kamal Raj. Her son, who is currently training to be a Pharmacist, will soon join her at the business and the pair will work together to grow the pharmacy’s private services offering.

Gary Chan, former owner of Pelican Pharmacy, comments, “Christie & Co had been advising me on the market for a few years when I decided it was time for me to leave community pharmacy. After a quick confidential marketing campaign, which harvested several offers to consider, we did the deal with Kiruba and I am very pleased that she has now taken over, with her experience and vision the business is set to move to the next level, and I am confident my customers and staff have been left in great hands.”

Tom Young, Business Agent – Pharmacy at Christie & Co, comments, “It’s great to see a business such as Pelican Pharmacy selling to a first-time buyer like Kiruba, the business that we have sold for Gary Chan is primed to be moved onto the next level with a new approach to community pharmacy, one which, I’m sure, Kiruba will embrace. We wish her the greatest of success and look forward to seeing the business grow under her stewardship.”

Pelican Pharmacy was sold for an undisclosed price.

-------------------

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

Tom Young, Business Agent – pharmacy
P: 07831 133 642 or E: tom.young@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 listings.