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Pair of Derbyshire pharmacies in administration on the market for £850k

A pair of pharmacies located in Derbyshire are on the market for £850,000 after going into administration, a specialist broker has announced.

Broker Christie & Co today (November 3) announced that it has been instructed to sell a “well-established” pair of pharmacies in Chesterfield on behalf of joint administrators Christopher Latos and Richard D’Arcy.


The two Derbyshire pharmacies - Dents of Chesterfield on Windermere Road and Dents Pharmacy in Saltergate - are standard-hours pharmacies that together dispense an average of 16,000 items per month, it said.


Read more: University friends purchase popular North London pharmacy


Run by employed pharmacists with locum pharmacists one day a week, the businesses are “modern health centre-integrated pharmacies with over 100 years of trading history”, it added.


With a total income of over £1,500,000 as of September, they are on the market with an asking price of £850,000, Christie & Co said.


They are available for sale on either a group or individual basis and “present an excellent opportunity to an existing group operator, independent operator or first-time buyer”, it added.



“Strong interest” expected



Christie & Co director for pharmacy Carl Steer, who is handling the sale, said that the broker expects the sale of the two “long-established” pharmacies that are “thoroughly modernised throughout” will “bring about strong interest from a mix of pharmacy operators”. 


“Interested parties are encouraged to act swiftly to meet the deadline for offers of November 30”, he added.


It comes as Christie & Co announced last week that a Tottenham pharmacy whose owners are retiring after 34 years running the business has been purchased by university friends after attracting “multiple offers”.


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