Pharmacy group offloads Leicestershire site to first-time buyer

Peak Pharmacy has sold its site in Ibstock, as it looks to divest some of its smaller branches.

The Ibstock brand had low dispensing numbers and was better suited for an owner-operator model.

Founded in 1981 by Peter Cattee, Peak Pharmacy is an independent chain with around 150 locations across the UK.

Following a sales process led by Carl Steer at Christie & Co, the pharmacy has been sold for an undisclosed price to Jayesh Hotchandani, a first-time buyer who plans to relocate to Leicester and manage the pharmacy on a hands-on basis.

The Ibstock branch dispenses approximately 2,700 items each month.

Carl Steer,  director of Pharmacy at Christie & Co said: “We have been pleased to act for Peak Pharmacy to divest of some of their smaller branches in recent years. All the completed sales have been sold to first-time buyers who will go on to operate the pharmacy with a hands-on approach. Jayesh, I am certain, will be successful and drive the business forward under his ownership.”