A PHARMACY in a North Lanarkshire town has been sold to a major operatore, agents said.
Specialist business property adviser Christie & Co announced the sale of Stepps Pharmacy, a long-standing unopposed pharmacy located in a distinctive former Royal Bank of Scotland building in the town of Stepps.
The business was owned by Ron Badger, who lives in Glasgow and previously owned pharmacies in central and east Scotland. He decided to sell to look at other pharmacy opportunities, the agent said.
Following a confidential sales process, the business has been sold to large Scottish group operator, M&D Green Dispensing Chemists, which now has over 30 branches in the country.
Mr Badger said: “I am delighted to pass the business over to the M & D Green pharmacy group, leaving it in safe hands for the future.”
Martin Green, managing director at M&D Green Dispensing Chemists, said: “Stepps Pharmacy is a well-established business which continues to demonstrate steady growth.
"Since its relocation, it has been well sets up by Ron and benefits from an experienced and committed team. It is geographically well located, extending our coverage further in North Lanarkshire, and we look forward to working with Stuart, the pharmacy manager, and his staff, in the years to come.”
Karl Clezy, director – medical at Christie & Co, who handled the sale, said: “This was a quick sale process where we spoke with a handful of operators who we knew would be keen on this opportunity. After only a couple of weeks, we received three offers from experienced operators based in the west of Scotland.
“Our client, Mr Badger, acquired the pharmacy through us 18 months previous and relocated it to the bigger former bank premises. He grew the business significantly, helped by installing a dispensing robot and a 24/7 collection point on the outside to help make it more convenient for patients to pick up their prescriptions.”
Stepps Pharmacy was sold for an undisclosed price.
Easdale brothers unveil homes plan for former sugar refinery site
A FORMER sugar factory site is set to be transformed into homes under plans by former Rangers directors the Easdale brothers.
A plot of land which once formed part of the former Tate & Lyle sugar refinery in Greenock is being proposed as a new private housing development by Sandy and James Easdale.
Chaophraya owner in major restaurant refurbishment campaign
THE UK's largest Thai restaurant chain is set to invest £1 million in an overhaul of its most popular outlets, starting with Chaophraya Glasgow and Chaophraya Newcastle.
Thai Leisure Group, owner of the Chaophraya and Thaikhun restaurants, said work is set to begin in the coming weeks and will be completed before Christmas. The company plans to refurbish all of its Chaophraya restaurants within the next three years.
Sign up for free: You can now get the briefing sent direct to your email inbox twice-daily, and Business Week for the seven-day round-up on Sunday 👇
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules here