The husband and wife team behind B&H Jagpal, of Healthpoint Pharmacy based in Bewdley, Worcestershire, have bought a pharmacy in Colwall, Herefordshire, following £544,000 in funding from Santander Business Banking.
The pharmacy currently serves 2,500 residents and the owners have aspirations to expand opening hours and plan to recruit a new full time pharmacy manager. In addition, the pharmacy will offer a prescription delivery service for local residents. The couple has over 30 years’ experience managing pharmacies and their pharmacy in Bewdley, Worcestershire, has a turnover of more than £1 million per year.
Balbinder Jagpal, Owner, B H Jagpal, said: “We are excited to be able to purchase a long established pharmacy in the rural village of Colwall. We think that our experience of the sector and our plans to introduce the delivery service and increase opening hours will ensure that we serve the community in the best way possible.”
Steven Wright, Relationship Director for Santander Business Banking said: “I am so happy to have been able to assist this clients aspirations to acquire a further pharmacy and look forward to working with them in the future. The owner’s expanse of knowledge in the sector, along with the funding provided, will ensure that the pharmacy sees increased growth and turnover in the coming months.”