market analysis

Cohens Chemist Manchester: 13 Branches, £127,582 Per Store

The only non-Boots national chain with a material footprint in an English city core

By PharmSee · · 1 views

Cohens Chemist is the only non-Boots national chain with a material footprint in any major English city core. In Manchester's M1 3-mile ring, Cohens runs 13 branches — one more than Boots has in the same ring — and its operating per-branch revenue is the highest of any chain measured in the audit.

Manchester M1 1AA, 3-mile ring — chain picture

ChainBranchesOperatingGhost %Per-branch op avg
Independent766613%£112,422
Cohens131115%£127,582
Boots8712%£76,241
Lloyds50100%
Asda440%£67,913
Well4325%£136,388
Tesco330%£93,468
Rowlands20100%
Superdrug110%£33,678
Peak110%£181,008

Cohens has 62% more branches in central Manchester than Boots does, and each of those branches runs roughly 67% more operating revenue than a Manchester Boots branch.

Why Cohens-M1 is the exception

The independent-majority finding is robust across all eight English city cores we've audited — but that finding is "no single chain dominates community pharmacy in an English city". Manchester M1 is the city where the finding is closest to breaking. Cohens's 13-branch bloc is the biggest non-Boots chain concentration in any city core we've measured.

Compare the city-by-city picture for Cohens specifically:

CityCohens brCohens op% of total pharmacies
Manchester M1131111.1%
Liverpool L1443.8%
Leeds LS1323.3%
Newcastle NE100
Birmingham B100
Sheffield S100
Bristol BS100
Plymouth PL100

Cohens is a strictly northern chain, and within the north it is specifically a Greater Manchester chain. Liverpool has a small Cohens presence, Leeds has a token one, and everywhere else Cohens does not compete. Its hiring activity confirms this — cycle 15's Cohens analysis found 65 live Cohens vacancies nationally, concentrated in the North West.

The £127,582 per-branch question

Cohens Manchester averages £127,582 per operating branch — higher than Liverpool Boots (£102,970), higher than Manchester Boots (£76,241), higher than the M1 independent average (£112,422). The only chains that beat it in any city we've measured are Tesco Liverpool (£166,567 across 2 branches) and Plymouth Boots (£150,572 across 6 branches).

Three possible explanations:

  1. Site selection — Cohens' M1 footprint clusters around GP surgery backdoors and NHS clinic catchments, which have higher dispensing-per-hour than high-street.
  2. Scale economies — 13 branches inside a 3-mile radius allows shared stock, staff rotation, and central delivery in a way Boots's more dispersed 8 cannot match.
  3. Selection bias — ghost branches are 15%, so the 11 operating are the surviving strongest. Boots M1's 12% ghost rate is similar but the operating average is lower, suggesting scale isn't the full story.

The site-selection hypothesis is the most plausible: Cohens's commercial identity is "adjacent-to-GP" dispensing, which is different from Boots's "high street footfall" model. Both run 8-13 branches per city core, but they compete for different patients.

What this means for Greater Manchester pharmacists

A pharmacist considering Manchester community work has three competing employers: independents (76 branches), Cohens (13) and Boots (8). Cohens is the chain to watch on salary — its per-branch revenue supports stronger pay than Boots M1's £76k-per-branch economics.

See Manchester pharmacist jobs and the North West pharmacist salary guide for the recruitment picture.

Methodology

Manchester M1 1AA 3-mile ring pulled April 2026. Chain classification uses NHS Digital contractor name. Ghost branches are zero 12-month dispensing revenue. Cohens branches identified by contractor-name prefix match.

Sources

  • PharmSee location analyser: /api/location/analyze?postcode=M1+1AA&radiusMiles=3 (April 2026)
  • PharmSee Cohens cycle-15 national hiring audit
  • NHS Digital pharmacy contractor register