Established North West pharmacy portfolio goes up for sale as owners seek retirement
Specialist business property adviser, Christie & Co, has been instructed to sell eight pharmacies across the North West of England on behalf of the Directors at Whittle Pharmacies Limited.
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The portfolio for sale comprises Hootons Pharmacy in Horwich, Ladybridge Pharmacy in Bolton, Pomfret Pharmacy in Bamber Bridge, Ribbleton Pharmacy and Smithsons Pharmacy in Preston, Smiths Pharmacy in Lytham St Anne’s, Whittlebrook Pharmacy in Chorley and Whittlebrook Pharmacy in Clayton, near Chorley.
These well-established community pharmacies dispense an average of 8,000 items per month and all benefit from standard hours contracts and being operated on a fully managed basis.
Established in 1999 with the initial purchase of three pharmacies – Whittlebrook (Chorley), Whittlebrook (Clayton), and Ladybridge in Bolton - the group has grown through a series of acquisitions over the last 26 years to its current portfolio size. After many years of successful trading, the Directors at Whittle Pharmacies Limited have decided to sell the portfolio to enable them to retire.
Jon Booth, Director – Pharmacy at Christie & Co, who is handling the sale, comments, “We are delighted to have been instructed to offer the eight Whittle Pharmacies sites for sale. In our opinion, this is one of the best small pharmacy estates in the North West, and the group represents fantastic opportunities for a range of buyers, both large and small. The sales will be conducted by way of asset sales with interest invited on a subgroup or individual basis. We would also be keen to discuss the acquisition of the operating company by way of share sale with any interested parties.”
Further information is available through a dedicated project data room: https://project-whittle-christie.com
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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
Contact the agents:
Jon Booth, Director – Pharmacy
P: 07703 607 122 or E: jon.booth@christie.com
Tom Young, Senior Business Agent – Pharmacy
P: 07831 133 642 or E: tom.young@christie.com
Visit Christie & Co’s Business Search page to find out more about current medical listings.