4/15/2021 | Pharmacies

Pool Pharmacy in West Yorkshire sells to first-time buyer

Specialist business property adviser, Christie & Co, has announced the sale of Pool Pharmacy in Pool-in-Wharfedale, West Yorkshire.

Pool Pharmacy, which dispenses an average of 2,640 items per month, lies unopposed in the village of Pool-in-Wharfedale, less than 10 miles from Leeds and Harrogate.

For the last 10 years, the business has been owned and run by Mr Colin Eccles, who began working at the pharmacy almost 30 years ago.

Mr Eccles decided to sell the business to pursue a well-earned retirement. He comments, “I owned Pool Pharmacy for just over 10 years, after working there as a locum, then as a regular pharmacist since September 1991. The pharmacy was an Essential Small Pharmacy when I purchased it, then it had a LPS contract for five years before joining the Pharmaceutical List in April 2020. The business has grown considerably since then with prescription numbers more than doubling.

“I leave behind a pharmacy which is secure and profitable and which I feel is my legacy for the village. Going forward I would hope that the new owner will become part of village life and start to provide new services as time goes on.”

Pool Pharmacy has been purchased by first-time buyer, Mr Olamide Olakanmi, who is keen to add new services to the offering, such as flu vaccinations.

Jon Booth, Associate Director at Christie & Co, who handled the sale, comments, “We are very pleased to have assisted Colin in achieving his goal of a well-deserved retirement after almost 30 years of serving this small community on the outskirts of Otley.

“The opportunity was very well received when it hit the market and achieved an excess of 40 enquiries and a deal agreed on the business within four weeks. The new owners have exciting plans to refurbish the pharmacy and add additional services that will complement the solid business which Colin has built over many years. We wish them the greatest of success.”

Pool Pharmacy was sold off an asking price of £225,000.

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:
Jon Booth, Associate Director
P: 07703 607 122 or E: jon.booth@christie.com