Established pharmacy in Birmingham suburb sold to local family
Specialist business property adviser, Christie & Co, has announced the sale of Wards Chemist in Birmingham.
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Wards Chemist is a standard-hours community pharmacy that dispenses an average of 6,613 items per month. It is located in the village of Handsworth Wood, a suburb of North Birmingham.
Diane Scott has owned the pharmacy for nearly 10 years and recently decided to sell to retire.
Following a confidential sales process with Carl Steer at Christie & Co, it has been purchased by father and son duo, Ian and Jas Riaar, who also own Yew Tree Pharmacy in Walsall which was bought via Christie & Co.
Carl Steer, Director – Pharmacy at Christie & Co, comments, “After many months of back and forth with potential private sales, Mrs Scott instructed us and quickly we placed the pharmacy under offer, after receiving multiple acceptable offers. It was also pleasing to sell another pharmacy to the Riaar family, a lovely family that already has a third pharmacy purchase in the pipeline.”
Wards Chemist was sold for an undisclosed price.
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For further information on this press release, contact:
Phoebe Burrows, Associate Director – Corporate Communications
P: 07540 063 598 or E: phoebe.burrows@christie.com
Contact the agent:
Carl Steer, Director – Pharmacy
P: 07917 475 229 or E: carl.steer@christie.com
Visit Christie & Co’s Business Search page to find out more about current medical listings.