A pair of pharmacies in the West Midlands have been sold.
BDS Pharmacy in Walsall and Stevenson Chemist in Cheslyn Hay were owned by Ajmel Sodhi and brought to market to enable his retirement.
Both have been bought in an undisclosed deal by the Riaar family who also owns Yew Tree Pharmacy in Walsall and Wards Chemist in Handsworth Wood.
READ MORE: {}
Property adviser Christie & Co acted on the deal.
Sign up for your free West Midlands newsletter and follow us on LinkedIn
Email newsletters
BusinessLive is your home for business news from across the West Midlands including Birmingham, the Black Country, Solihull, Coventry and Staffordshire.
Click through here to sign up for our email newsletter and also view the broad range of other bulletins we offer including weekly sector-specific updates.
We will also send out 'Breaking News' emails for any stories which must be seen right away.
For all the latest stories, views and polls, follow our
Director Carl Steer said: "The sale was offered off-market to a select group of buyers two to three years ago but our client decided not to sell at that time.
"The second time around, we took the same off-market approach and swiftly secured a sale to the Riaar family to buy the goodwill of both pharmacies and the freehold interest in Stevenson Chemist.
"This is now four pharmacies we have sold and funded for the family, with one more to follow, as they are soon to complete a fifth pharmacy purchase."
Most Read
Funding for the purchases was provided by Christie Finance.
Senior director David Ward added: "Having supported the financing of their first pharmacy, it was a pleasure to assist Jas and Ian with their continued growth in the pharmacy sector."