Image: Mark Page (Director – Medical, Christie & Co) with new Co-owner, Nishma Patel

Specialist business property adviser, Christie & Co, has announced the sale of Broadway Pharmacy in Kent.

Broadway Pharmacy is a standard hours, community pharmacy which is ideally located in the town centre of Bexleyheath in Kent.

The pharmacy has been owned by Bipin Patel since 1983 and was recently brought to market to allow him to retire.

Following a confidential sales process with Christie & Co, the business has been sold to local expanding operators, husband-and-wife team, Amit Kandelia and Nishma Patel, who also own two other pharmacies.

Bipin Patel comments, “Over the years, with the support of my team, we had grown the business through hard work, and I was keen for someone to continue what we had been doing. I am sure Nishma and Amit, who have the same mindset, will grow the business and build on the relationships we had created. It was sad to finally retire, but the right time for me.”

Mark Page, Director – Medical at Christie & Co, who handled the sale, comments, “The exceptional interest we received in this business demonstrates that the demand for well-established, high-volume pharmacies continues apace. It’s no secret that there are a number of pressures for operators, including rising costs and wages, yet we continue to receive multiple bids on the majority of the pharmacies we take to market.”

Broadway Pharmacy was sold for an undisclosed price.