Specialist business property adviser, Christie & Co has sold the two David Wyse pharmacies in Port Glasgow to a group operator in the west of Scotland.
Both pharmacies had been in the hands of their previous owners for a long time – one branch for over 40 years and the other since 1977. The businesses are unopposed in Port Glasgow town centre with the closest pharmacy located over one mile away which belongs to a corporate operator.
Karl Clezy, Director at Christie & Co who handled the sale, comments, “It was a rare opportunity in Scotland for two high dispensing pharmacies in one town centre to come onto the market. The supply of pharmacies in the marketplace has been scarce for a very long time now, and sales prices are increasing as a result.
“Although both pharmacies were trading successfully, they still had a great deal of growth potential which is why they attracted so much interest. After a short confidential marketing campaign, multiple offers were received from a mix of buyers, mainly Scottish-based group operators.”
