Tue, 16 Sep 2025 | COMMERCIAL PROPERTY
A pharmacy in Nottingham has been acquired by a husband-and-wife team in the pair’s second acquisition. Cox Pharmacy is located in the residential suburb of Bakersfield, to the east of Nottingham city centre.
The site is a standard hours community pharmacy, dispensing an average of around 7,000 items per month. The pharmacy has been owned by Harts Chemists for over a decade and was brought to market to enable owner Jackie Hart to reduce her work commitments while retaining two additional pharmacies.
Cox Pharmacy has now been acquired by pharmacists Nathaniel and Angarju Amoah, who also own the nearby Jayplex Chemist, for an undisclosed sum. The deal follows a confidential sales process run by Christie & Co’s Carl Steer and was backed by funding sourced through Christie Finance’s Raj Patel.
The acquisition concludes a somewhat convoluted exit process, with Christie & Co initially instructed to bring the pharmacy to market in 2022, before a deal fell through. The sale process was then restarted last year, culminating in the sale to Nathaniel and Angarju Amoah.
Carl Steer, Director – Pharmacy at Christie & Co, explained: “We were originally instructed by Jackie Hart to sell Cox pharmacy back in Spring of 2022, when a sale was swiftly agreed for the goodwill and freehold; however, due to personal reasons, the sale could not continue.”
“Fast forward to July 2024, and we were instructed to revisit the marketing. Within 12 weeks, a sale was agreed leasehold to Amoah and Angarju, who had bought Jayplex Chemist just a few miles from Cox Pharmacy from me in October 2022.”
Raj Patel, Finance Consultant at Christie Finance, said that the new owners feel that their second acquisition provides them with the ability to further grow their business, adding that “they have consolidated on the first one, and now the second acquisition is a good strategic fit as both are in Nottingham.”
Patel continued: “Their vision is to again consolidate the new pharmacy business post-acquisition and grow it. They have plans to acquire more in the future, and the banks are supportive of their vision.”
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