Elloughton Pharmacy, near Hull, has been sold.
The standard hours pharmacy dispenses an average of 13,700 items per month. It is located on Main Street in Elloughton, which is the primary road that passes through the village and connects Elloughton to the neighbouring town of Brough.
It has been owned by Shariq Hussain since 2012 and was brought to market as he wanted to scale back his portfolio.
Following a confidential sales process with Tom Young at Christie & Co, it has been purchased by local operator, Sie Yew Ting, who has four other pharmacies in the area.
Shariq Hussain, former owner of Elloughton Pharmacy, said: “Since acquiring the pharmacy back in 2012, it has grown consistently over the past 13 years. I thought I had developed the pharmacy as much as I could, so it was pleasing to be able to sell the pharmacy to Sie who can come in with some fresh ideas.
“Being a local operator, Sie will be able to offer a hands-on approach, and I wish him all the best with the business in the future.”
Sie Yew Ting, new owner of Elloughton Pharmacy, said: “I was drawn to the opportunity to acquire Elloughton Pharmacy due to its consistent performance and strong reputation within the local community.
“It aligns well with the existing pharmacies we have in our portfolio, complementing our commitment to high-quality pharmacies in East Yorkshire. I look forward to building upon the excellent foundation that Shariq has established and ensuring continued success for the pharmacy.”
Tom Young, senior business agent – pharmacy at Christie & Co, said: “It was a pleasure to facilitate the sale of Elloughton Pharmacy on behalf of Shariq. I have no doubt that under the new ownership of Sie and his team, the pharmacy will continue to thrive at the heart of the community.”
