Retail · Pharmacy retail chain
Pharmacy Retail Chain (14 Stores)
Fast-growing pharmacy chain with 180,000 loyalty members raising capital to reach 30 stores.
Ikeja, Lagos, Nigeria10 years in operation175 employees
66
Readiness /100Acqiva VerifiedGrowth businessFounder-led
Asking price
₦700m – ₦800m
Revenue
₦5.8bn – ₦6.4bn
EBITDA
₦400m – ₦460m
Cash flow
₦300m
Employees
175
Transaction
Capital raise · 35%
Company identity is protected until you pass the NDA stage. Express interest to begin the process.
Business overview
An 8-year-old pharmacy retailer with 14 PCN-licensed stores in Lagos and Ibadan, a central warehouse and a same-day delivery e-commerce channel contributing 11% of sales. Revenue grew 33% in 2023. The company is raising growth capital to open 16 stores over three years and to expand in-store clinical services.
Business model
Retail pharmacy margin, private-label wellness products, in-store nurse consultations, online delivery.
Investment thesis
Organised pharmacy retail is under 10% of the Nigerian market. A chain with procurement scale, loyalty data and an opening playbook can consolidate the segment.
Highlights
- 14 stores, 33% revenue growth in 2023
- 180,000 loyalty members; e-commerce 11% of sales
- Central warehouse and scale procurement
- Pharmacist-founder with prior multinational retail experience
Risks
- Thin net margins typical of pharmacy retail (3%)
- Store lease renewals (average 4 years remaining)
- Regulatory changes on medicine pricing and imports
- Working capital growth as stores are added
Figures are seller-reported and subject to Acqiva verification. The readiness score is indicative and not a substitute for independent due diligence or a formal valuation.