Local first-time buyer snaps up Woolacombe’s only pharmacy
Specialist business property adviser, Christie & Co, has announced the sale of Barton Pharmacy in Woolacombe, Devon.
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Barton Pharmacy is a community pharmacy dispensing an average of 2,440 items per month. It lies completely unopposed in the highly desirable North Devon coastal village of Woolacombe, in an Area of Outstanding Natural Beauty, and is an ever-popular holiday destination which boasts ‘Beach of the Year 2021’ as voted for by The Sunday Times.
The business has been owned by Mr Osman Hamid for the last seven years and was brought to market to allow him to concentrate on his other business interests.
Following a sales process with Christie & Co, it has been purchased by local first-time buyer and previous employee at the pharmacy, Harminder Chaggar.
Osman Hamid, previous owner of Barton Pharmacy, comments, “Owning this business for the last seven years has been an enjoyable experience, as we have had full support from the NHS as it has an attached LPS contract and receives an overwhelmingly generous OTC income which is more than the average pharmacy. The business has huge potential to grow and diversify into other avenues that are yet to be explored, and it is lovely to know that it has been passed onto a new owner operator that I trust will do well with the business moving forwards.”
Harminder Chaggar, new owner of Barton Pharmacy, comments, “I am absolutely thrilled to finally make my long-lived ambition a reality and take ownership of Barton Pharmacy. I am excited to embark on this new adventure and introduce new, innovative services that will cater to the evolving needs of our local community. This purchase marks a significant milestone in my career, and I look forward to building on the legacy that my mentor has established over the years.”
Jonathan Board, Director – Medical at Christie & Co, who handled the sale, comments, “The opportunity to live and work in one of the best locations in the South West does not come around very often, so I was delighted to offer this business for sale again, having sold it to Osman.
“Despite ongoing operational challenges in the marketplace, it is showing remarkable resilience and there remains significant demand for well-established and well-located pharmacies such as this one. I am sure Harminder will make a success of this business and wish him all the best for the future.”
Barton Pharmacy was sold for an undisclosed amount.
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For further information on this press release, contact:
Phoebe Burrows, Corporate Communications Manager
P: 07540 063 598 or E: phoebe.burrows@christie.com
Contact the agent:
Jonathan Board, Director – Medical
P: 07775 807 071 or E: jonathan.board@christie.com
Visit Christie & Co’s Business Search page to find out more about current medical listings.