Lloyds selling some of their branches

[JM342]

Hi Everyone
Does anyone know why Lloyds are selling of some of their branches?

[DavidS]

Everything is cyclic.

[dizzyb23]

Even the big boys have money issues at times...

[sleather1]

Lease expires in a store with little or no profit. Don't renew, invest elsewhere

[looking243]

Hi Everyone
Does anyone know why Lloyds are selling of some of their branches?

Where did you find this information from?

[JM342]

On the local grapevine

[Tony Schofield]

I confirmed it with local business transfer agent. A few in North West currently available but negotiations are hush hush, ie they aren't being advertised. Pharmacies that have been difficult to run or not performed very well in the main. So if you know a Lloyds pharmacy run for the last year on locum cover only, contact them and ask if they want to sell it. This isn't a "fire sale" and there are unlikely to be any bargains.

[zakkaz]

Daymn. I have worked in 3-4 areas, over the last 3-4 years, and in that time, Lloyds have sold about 5 branches. Even the big boys aren't invicible (or the MD, AM etc want a nice fat-cat-style bonus again, and the pot's nearly empty, and shareholders are getting edgy)

[bobbin]

Lease expires in a store with little or no profit.

Possibly in areas with highly unprofitable prescribing habits eg. long prescribing intervals 3-6 months, high use of branded generics etc.

[Pharmanaut]

Possibly in areas with highly unprofitable prescribing habits eg. long prescribing intervals 3-6 months, high use of branded generics etc.

Don't forget 4 week scripts for weekly MDS as well.