New owner for Loughborough pharmacy & Post Office business

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Specialist business property adviser, Christie & Co, has sold Saraj Pharmacy & Post Office in Loughborough.

Saraj Pharmacy & Post Office is a standard hours community pharmacy that dispenses an average of 7,300 items per month, and operates with a Post Office business that comprises three counters.

The business has been owned by Saraj Patel and his family for over 40 years and was brought to market to enable the family to retire.

Following a confidential sales process with Carl Steer at Christie & Co, which “brought about very high levels of interest and offers,” it has been purchased by Rahul and Anup Patel who now own 14 pharmacies across the East Midlands.

Carl Steer, Director at Christie & Co, says: “The sale is, in many ways, a perfect example of the Leicester market in that, despite the challenges generally being seen across the sector, buyers are as keen as ever to secure profitable pharmacies across the county.

“A lack of pharmacies for sale and a growing number of buyers looks to ensure this picture is maintained for the foreseeable future.”

Saraj Pharmacy & Post Office was sold for an undisclosed price.

 link source - East Midlands Business Link General

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