Father and son buy pharmacy in Birmingham after owner retires

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Father and son buy pharmacy in Birmingham after owner retires

A community pharmacy in Birmingham has been bought by a father and his son after the owner decided to retire.

Ian and Jas Riaar acquired Wards Chemist in the village of Handsworth Wood in North Birmingham for an undisclosed price. Christie and Co, who brokered the deal, said it dispenses an average of 6,613 items per month.

The pharmacy was owned by Diane Scott for nearly 10 years before she decided to sell. Ian and Jas Riaar bought Yew Tree Pharmacy in Walsall last year.

“After many months of back and forth with potential private sales, Mrs Scott instructed us and quickly we placed the pharmacy under offer, after receiving multiple acceptable offers,” said Carl Steer, director-pharmacy at Christie & Co.

“It was also pleasing to sell another pharmacy to the Riaar family, a lovely family that already has a third pharmacy purchase in the pipeline.”

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