County Derry community pharmacy sold to first-time buyer pair
Specialist business property adviser, Christie & Co, has announced the sale of McDaid’s Pharmacy in County Derry.
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McDaid’s is an established community pharmacy that dispenses an average of 6,000 items per month. It benefits from a strong retail trade which includes the sale of some major brands, and also has a profitable gift section and several well-known make-up stands. It is located on the main street in Dungiven, a small town near Derry City which has two GP practices and one other independently owned pharmacy.
The pharmacy was previously owned by the same family for a very long time and sisters, Therese McDaid and Eithne McDaid, now wanted to retire.
Following a confidential sales process with Karl Clezy at Christie & Co, McDaid’s Pharmacy has been purchased by local first-time buyers, Steafan Mccloskey and Declan Bateson.
Karl Clezy, Director – Pharmacy at Christie & Co, comments, “From day one on the market, we received a lot of enquiries about this pharmacy, which resulted in five viewings being booked in from a mix of first-time buyers, independent contractors, and one large multiple operator. Three offers were received, showing the ongoing appetite for well-run independent pharmacies at this price point.”
McDaid’s Pharmacy was sold for an undisclosed price.
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For further information on this press release, contact:
Phoebe Hill, Associate Director – Corporate Communications
P: 07540 063 598 or E: phoebe.hill@christie.com
Visit Christie & Co’s Business Search page to find out more about current medical listings.