A married couple who are investing in a pharmacy for the first time have bought Paydens branch in Peterborough for an undisclosed price.
A standard hour community pharmacy with a substantial home delivery service, West Town Pharmacy is located on the outskirts of the city centre and sits on a predominantly residential street, within half a mile of three GP surgeries.
The pharmacy has been operating from a sizeable premises with a large, open plan sales area and has excellent potential to improve its over-the-counter sales, in addition to its strong travel vaccine customer base.
West Town Pharmacy was purchased by Paydens in 2016 as part of a group acquisition and was brought to market because the company realised that geographically it "did not fit" with the group’s, mainly Kent-based, portfolio.
Speaking on behalf of his company, Paydens' director John McConville, said: “West Town Pharmacy was not a good fit for the Paydens Group, so we decided to sell the business. We are pleased that the pharmacy will be an independent family business and wish the new owners every success.”
The pharmacy has now been purchased by Dharini Kadhi and her husband Kamal both of whom are from families that own pharmacies.
Sukhi Basra