Apple Pharmacy in Edinburgh sold to first-time buyer through Christie Network
Specialist Finance Broker, Christie Finance, is delighted to announce it has obtained the finance for the purchase of Apple Pharmacy, Edinburgh, which was brought to the market by our sister company Christie & Co.
Apple Pharmacy is a community pharmacy located in an affluent area at the bottom of Broughton Street in Edinburgh’s popular city centre. It dispenses a monthly average of 1,556 NHS items and boasts an annual turnover of circa £380,000. The site comprises a spacious sales area, dispensary, and a consultation room, with plenty of scope for expansion.
The new owner, Mr Douglas Lynn, has been a pharmacy manager in a nearby pharmacy for the last six years and has been looking to acquire his first small pharmacy for some time, with Apple Pharmacy presenting itself as the ideal opportunity. Mr Lynn has seen the opportunity to grow the business further, particularly by increasing the number of deliveries and putting a stronger focus on increasing the Core, National and Local Services income. Alongside his partner who is a nurse, the duo are excited to undertake this new venture.
Mr Douglas Lynn comments, “As a first-time buyer, I'm looking forward to the challenge of building up the business and realising the obvious potential of the pharmacy."
Craig Dickson, Director at Christie Finance, who obtained finance for the sale, comments, “This sale was the perfect opportunity for a first-time buyer and it was my pleasure in sourcing the appropriate finance for Mr Lynn. I wish Mr Lynn and his partner all the best with Apple Pharmacy.”