Pharmacy in Tyne and Wear snapped up by husband-and-wife
R W Wilson Pharmacy, located in Winlaton, Tyne and Wear, dispenses around 15,000 NHS prescription items per month and sits in the heart of the villageβs main shopping parade.
The pharmacy has been owned by John Currie for the past 19 years and operated by the superintendent pharmacist, who also held shares in the business.
Both owners decided to sell as part of their plans to retire.
The sale was managed by Christie & Co and with funding facilitated through Christie Finance.
The pharmacy has been purchased by Jagdeep and Jutinder Kaur, an experienced husband-and-wife team who already own a pharmacy in the Newcastle area.
They said: “We want to build on the pharmacyβs already excellent reputation by expanding the services on offer to benefit the health of the local community.”
Karl Clezy, Director – Pharmacy at Christie & Co, said: “This sale attracted significant interest due to its strong trading performance and its trading location near Newcastle, where we see the highest demand in the north east region.
“We received three offers for this business, all from existing contractors in the area.
“The pharmacy benefitted from being run by a very good Pharmacist-owner, a modern fit-out, and its central location in the village, close to the two GP surgeries.”
Craig Dickson, director at Christie Finance, who secured funding for the buyers, said: “I was delighted to arrange the finance, which allowed Jagdeep and Jutinder to acquire their second pharmacy.
“They already own a hugely successful pharmacy in the Newcastle area, and the purchase of RW Wilson is an ideal fit for them.”