A community chemist in Stoke-on-Trent has been sold to a growing pharmacy group.
Ridgways Chemist, in Baddeley Green, has been snapped up by Secret Potions Ltd for an undisclosed sum.
The community pharmacy – which dispenses an average of 11,000 items a month – was previously owned by founding pharmacist, Christopher Ridgway, who decided to sell the business ahead of his retirement.
Secret Potions – which owns and operates more than a dozen pharmacies predominantly in the Staffordshire region – has now taken ownership of the chemist. It was sold off an asking price of £1.25 million plus freehold.
Mr Ridgway said: “After 30 years of owning my pharmacy I knew the time had come to hang up my boots, but found it a daunting prospect. With Christie & Co on board, everything happened quickly, and we received many offers in just four weeks.”
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Carl Steer, director at property specialist Christie & Co, which handled the sale, said: “From an initial call and meeting to completion, it was a total pleasure to deal with Chris, and so we were very pleased he achieved such a positive outcome for his exemplary pharmacy. All the best to Chris in his well-deserved retirement.
“I’d like to also wish the team at Secret Potions Ltd all the best with their latest business venture, I’m sure they’ll take the pharmacy forward to further success.”