Bright future
Notwithstanding this, the place of pharmacies
and pharmacists at the heart of communities
is largely assured.
Many operators have already embraced
the fact that they will have to continue to
adapt and evolve their businesses. With the
implementation of new services and income
streams these should see the sector not only
survive the worst of the economic recession
and legislative changes, but go on to flourish
in the future; something that pharmacists
have demonstrated regularly in the past.
The sector, safe in the knowledge that there
remains a strong interest and funding desire,
is in excellent shape for the years ahead.
Case Studies
In selling the Apple Pharmacy in Musselburgh, Christie + Co assisted the ongoing
expansion of the pharmacy’s new owners Gordons Chemist. The acquisition of this
very popular community pharmacy takes Gordons’ presence in Scotland to nine, to
add to 52 units it has in Northern Ireland.
Apple Pharmacy, Musselburgh
In bustling Stratford, in the heart of pre-Olympic East London, Christie + Co sold the
leasehold on this pharmacy on behalf of trustees in bankruptcy, Re10. Its position made
for a competitive marketing process and the business was finally sold for well over the
asking price of £125,000.
Chemifarm
Pharmacy businesses valued
by Christie + Co in 2011
500
52
Business Outlook
2012
