Everest Pharmacy Ltd buys five established North West branches
Specialist business property adviser, Christie & Co, has announced the sale of five pharmacies located across Bolton and Accrington on behalf of Sykes Chemist Group.
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The group comprises four pharmacies in Bolton - Gatleys Pharmacy on Tonge Old Road, Haslams Pharmacy on Halliwell Road, Rigbys Chemist on Swan Lane, and Howards Pharmacy on Chorley Old Road – and Paradise Street Pharmacy within Pals Health Centre in Accrington. These well-established community pharmacies dispense a combined total of circa 33,000 items per month.
The pharmacies are part of a wider group of 14 branches owned by Sykes Chemist Group. The group decided to sell these branches as part of a strategic review of its portfolio.
Following a sales process with Tom Young at Christie & Co, all five pharmacies have been sold to Manchester-based, Everest Pharmacy Ltd, which now owns 22 pharmacies across the region.
Tom Young, Senior Business Agent – Pharmacy at Christie & Co, comments, “When we launched these pharmacies to the market in July 2024, as expected, we had a lot of interest. Any sites in and around Bolton always generate large volumes of enquiries, and I was pleased that we had multiple offers on all sites. I am keen to see how the businesses develop under the new owner, and we wish them the greatest of success.”
The five pharmacies were 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
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