Previously owned by Enimed Limited, the business was brought to market last year.
Wednesbury Pharmacy in Sandwell, West Midlands has been purchased by Sukh Gill of Sodaskill Limited who already owns a community pharmacy in the area, Specialist business property adviser, Christie & Co, announced on Thursday (1st January)
Located in the Friar Park area of Wednesbury, this pharmacy dispenses an average of 7,600 items per month and follows standard opening hours.
It was owned by Enimed Limited for over five years before it was brought to market last year.
The ownership of the business was changed to Gill, who already owns Friar Park Chemist just a few doors up the road, following a confidential ‘off-market’ sales process at Christie & Co.
Carl Steer, Director - Medical at Christie & Co, said, “It is always pleasing to complete a sale, but when you have been able to perform to the brief a client dictates, all the better.
“We were asked to offer the pharmacy to a shortlist of our best buyers in the area ‘off-market’. Within a few weeks, a sale was agreed at the guide price.
“The path to completion was not always a straight or easy one, but both parties exercised great patience and tenacity to cross the line just before Christmas.’’
According to Steer, there are not many good quality, independent pharmacies being offered for sale in the whole of the Midlands.
Hence, when pharmacies are brought to the market, they are often placed under offer within a short period, he said.
The broker, however, didn't disclose the sale price.
Cat Smith, Labour MP for Lancaster and Wyre