Brothers take over the reins of Staveley Pharmacy

Hutchings Consultants announces the new owner of the family-run pharmacy  

Staveley Pharmacy, a well-established community pharmacy located in the picturesque village of Kendal within the Lake District, has undergone a change in ownership.

The family-run business led by a husband-and-wife team has been acquired by brothers Mohammad Waqas and Khuram Shazad, taking the helm as first-time buyers, according to Hutchings Consultants.

Known for its strong counter trade and deep community ties, the pharmacy has been nurtured and managed by the previous owners with a profound dedication to the local community. Over the years, they have developed the business into a trusted local institution.

Paul Steet, Associate Director of Hutchings who managed the sale, reflected on the transition, noting the longstanding relationship with the sellers.

“Having worked with the previous owners since 2015 when they initially contacted Hutchings Consultants to discuss a valuation of the business, I feel personally connected to this pharmacy. I am delighted that Mohammad and Khuram will be taking over the reins,” he said.

Expressing enthusiasm as they embark on their first ownership venture, Waqas said: “We are excited to lead Staveley Pharmacy and are committed to maintaining the high standard of service and community involvement that the previous family has set.”

While the terms of the sale remain undisclosed, the broker stated that the transition marks a significant moment for the community as “the new owners pledge to uphold the values that have made Staveley Pharmacy a cornerstone in the local area.”