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.