Chemist + Druggist is part of Pharma Intelligence UK Limited

This is operated by Pharma Intelligence UK Limited, a company registered in England and Wales with company number 13787459 whose registered office is 5 Howick Place, London SW1P 1WG. The Pharma Intelligence group is owned by Caerus Topco S.à r.l. and all copyright resides with the group.


This copy is for your personal, non-commercial use. Please do not redistribute without permission.

Printed By

UsernamePublicRestriction

Three siblings buy second pharmacy with £1.3m loan

Three pharmacist siblings have purchased their second premises in Brighton following a £1.3 million loan from Santander Business Banking, with plans to “each run their own pharmacy”.

Colin, Tony and Fiona Dang – owners of CT Dang Ltd – announced the purchase of the pharmacy on Western Road, Brighton for an undisclosed sum last week (July 19).

Following the purchase, the turnover of the company is forecast to “increase to around £2m”, it added.

The company bought its first pharmacy in the city at the beginning of 2015, with the aid of a £385,000 loan, it said.

Colin Dang said the siblings’ ambition is to own more pharmacies in the area.

"We are delighted [to] have managed to purchase two within just two years," Mr Dang said.

"Impressed us with their ambition"

Peter Warnke, relationship director at Santander Business Banking, said the siblings "impressed us with their ambition and business plan".

“As experienced pharmacists, they understand the issues affecting the industry, and as such have made a real success of their fledgling retail chain,” Mr Warnke said.

He added that Santander looks forward to working with them as they grow their business further.

Santander told C+D last month that it would continue to invest in pharmacies, despite the funding cuts in England. The loan to CT Dang follows £2.3m it put towards an online group’s acquisition of two pharmacies in June.

What were the most significant pharmacy acquisitions of 2016? Find out here.

Interested in buying a pharmacy? Check out the pharmacies for sale on the C+D Marketplace.

Are you considering buying a pharmacy this year?

Related Content

Topics

         
Lead Pharmacist
Stoke-on-Trent
£30 per hour

Apply Now
Latest News & Analysis
See All
UsernamePublicRestriction

Register

CD008859

Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Thank you for submitting your question. We will respond to you within 2 business days. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel