Mixed income dental practice in West Yorkshire sold to expanding regional operatorNews
Posted by: The Probe 21st November 2018
Specialist business property adviser, Christie & Co has sold A One Dental Care, a highly profitable mixed income practice in Bradford, West Yorkshire, to an expanding regional operator with funding secured through specialist commercial finance broker, Christie Finance.
Established 75 years ago, A One Dental Care has been in its current location for over 50 years. Occupying a prominent position in a mixed commercial and residential area on the edge of the city centre, the practice occupies the first floor of a detached property and maintains three fully fitted surgeries.
Jovo Ljustina, Principal of A One Dental Care acquired A One Dental Care in 1995 and comments, “At first, I used an agent with whom the buyer pays their fees. I thought I would save some money, but they only kept the buyer’s interest at heart. I moved to Christie & Co – what a difference! I was working with Jonathan Watson, who could not have been more helpful. Selling a dental practice is a complex business with all the different regulations and red tape. Christie & Co knows their way around all of these. A quick sale and stress free at that. I can’t thank them and particularly Jonathan enough.
“Natwar Tibrewal has settled in well. He has some fantastic plans for the future. The practice needed a younger forward thinking person adept to the digital world. He certainly is that. I am very happy with the way things are shaping up.”
New owner, Natwar Tibrewal, who owns and operates Bridge House and Corner House Dental Practices, comments, “It has been a smooth and effortless process purchasing A One Dental. I felt supported at every stage of the acquisition, I could call Jawad at any time and I knew he’d be more than happy to answer any questions. I will be contacting Christie Finance again when the next opportunity arises.”
Jawad Anjum, Associate Director at Christie Finance, secured funding for the new owner and comments, “Natwar is extremely commercially minded, equipped with over 20 years’ experience working as a dentist. A One Dental will fit perfectly into Natwar’s existing portfolio of practices, especially with it only being a 20-minute commute from where he lives. It has been a pleasure working with Natwar and an absolute delight to see him take over this practice, I wish him the very best in growing this business.”
Jonathan Watson, Associate Director at Christie & Co, handled the sale and comments, “A One benefits from an NHS contract with an exceptionally high UDA rate, which generates a considerable profit. This factor, along with the strength of the Yorkshire dental market and current banking appetite, meant that we were able to achieve a premium price for our client.”
David McEwan of Schofield Sweeney Solicitors acted behalf of the vendor, and Faisal Dhalla from Hempsons acted on behalf of the buyer.
A One Dental Care was sold off a guide price of £1,150,000 for the leasehold interest.