‘Unopposed’ rural pharmacy sold to first-time buyers after fetching multiple bids
An “unopposed” pharmacy in a rural Welsh village that attracted lots of interest from potential buyers has been sold, specialist broker Hutchings has announced.
JRG Williams Chemist in Ammanford, Carmarthenshire, was sold for undisclosed amount alongside a freehold maisonette property above the pharmacy, the broker said today (July 25).
The “unopposed” pharmacy is located in a “rural village” and dispenses an average of 6,500 items per month, it added.
Seller Mr Andrew Williams, the “longstanding owner and a figure of the community”, put the business on the market “in aid of his retirement” when he “plans to spend a lot more time with his family after all these years running the pharmacy”, Hutchings said.
The buyers, Lisa Findlay and Chris Stead, were first-time buyers and purchased the pharmacy inclusive of the freehold maisonette, it added.
The pharmacy “proved highly popular” and the sale “attracted multiple bids from interested parties”, with a total of five bids received in the sale that completed at the end of last month (June 30), the broker said.
But it added that Ms Findlay and Mr Stead “were the clear winners”.
“We have strong plans to develop JRG Williams Chemist, building on the already greatly established community offering,” Ms Findlay said.
Associate director of Hutchings Consultants Luke Williams added that the local pharmacy and accompanying maisonette “was perfect for a new business owner who will be able to either use or generate income from this as they begin their journey into pharmacy ownership.”
It comes as broker Christie & Co announced earlier this month that a portfolio of 10 pharmacies operating in the north of England and North Wales are now up for sale.
In the same week, the broker also announced that a south-east London pharmacy had been bought by an “expanding local operator” with plans to expand clinical services, while the Right Medicine Pharmacy group revealed it had picked up six former Lloydspharmacy branches across Scotland.