Paul Disney Chemist in Leicester sold for the first time in over 30 years to a local operator
Specialist business property adviser, Christie & Co, has announced the sale of Paul Disney Chemist in Leicester.
Paul Disney Chemist is a community pharmacy dispensing an average of 3,500 items per month. The business occupies the ground and first floor of a mid-terraced property on Belgrave Boulevard.
The Chemist was established by Mr Disney over 30 years ago and has since grown into a reputable and well-established business. Mr Disney recently decided to sell in order to retire and focus on his love of parrots.
Paul Disney Chemist has been purchased by Mrs Aboobaker, who also owns Birstall Pharmacy just over one mile away. She plans to fully refurbish the premises and widen the services provided.
Carl Steer, director at Christie & Co, who handled the sale, comments, “The sale quickly attracted five very keen potential buyers. All parties offered, so we entered a ‘best and final bidding process’. Within six weeks of placing the business on the market a deal was agreed well in excess of the guide price.”
The Paul Disney Chemist was sold off an asking price of £300,000.