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Broker helps first-time buyer secure pharmacy in Birmingham

By Neil Trainis

PUBLISHED: October 10, 2017 | UPDATED: October 10, 2017

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The brokerage firm Christie and Co helped a locum pharmacist complete a deal to take over a pharmacy in Birmingham, a transaction that added weight to the idea that the pharmacy market is thriving despite the government’s funding cuts.

First-time buyer Charnjit Dosanjh took over the running of Shah Pharmacy in Birmingham, which is close to Queen Elizabeth Hospital and Birmingham University, having secured funding through Christie Finance.

“The leasehold business offers a standard hours contract five days a week,” Christie and Co said.

Jassi Sunner, a business agent at Christie and Co who brokered the sale, said: “The sale of this pharmacy was agreed during the implementation of funding cuts and despite this we received a high level of interest and competitive bidding.

“This was an excellent example of the ‘determined first-time buyer attitude’ to secure their income at a time when locum rates are dropping. Charnjit envisages further growth of the pharmacy from day to day running and we wish him all the best with his endeavours.”