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.

Dents of Chesterfield
Christie & Co said it expects the sale will “bring about strong interest from a mix of pharmacy operators”

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”.

Costanza Potter

Read more by Costanza Potter

Cos Potter joined C+D as news editor in December 2022 after covering primary care news for several years. After starting out at the pharmacy press in 2019, she worked at a GP title during the pandemic before the pharmacy sector beckoned her back.

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