Cherry Trees Dental Practice in Leighton Buzzard sold to first-time buyer

Specialist business property adviser, Christie & Co, has announced the sale of Cherry Trees Dental Practice in Leighton Buzzard.

Cherry Trees Dental Practice is a three-surgery, predominantly private dental practice located in Leighton Buzzard, Bedfordshire. Since the early 1980s, the practice has served the local community with high-quality, routine dentistry, as well as more specialised treatments including Implants, Orthodontics and Endodontics.

The practice was previously owned by Dr Debbie Ganguli who decided to sell to pursue other interests and spend more time with family. She comments, “Having owned Cherry Trees Dental Practice for over a decade, it was not an easy decision to sell but now was the right time. It has been an incredible journey with lots of fond memories, but I now look forward to spending more time with family. I’ll of course miss staff members that have gone onto become good friends, but I’m sure they are in very capable new hands in Dr Sushma Rao.”

Cherry Trees Dental Practice has been purchased by first-time buyer, Dr Sushma Rao, who comments, “Having decided the time was right to take the next step in my career and become a practice owner, my husband and I viewed several practices. We were immediately attracted to Cherry Trees Dental Practice which is situated within a lovely property and has a fantastic reputation. We look forward to working alongside an excellent team and building upon the prior success of the practice and wish Debbie the best in her future endeavours.”

Steve O’Connor, Business Agent at Christie & Co, who handled the sale, comments, “I’m delighted for both Debbie and Sushma who were a genuine pleasure to work with throughout this transaction. As a practice sales agent, it is always a rewarding feeling when sales complete and we have happy buyers and sellers. Cherry Trees is a particular highlight, knowing that Debbie can now focus on other commitments and priorities, whilst Sushma can look forward to getting to know her new team and patients.

“The demand for high-quality dental practices is incredibly strong, with demand far outstripping supply – a trend we expect to continue throughout the year.”

Cherry Trees Dental Practice was sold for an undisclosed sum.

Kincardine’s only dental practice sold after 25 years of ownership

Specialist business property adviser, Christie & Co, has announced the sale of Kincardine Dental Practice in Fife. Funding for the sale was sourced through Christie Finance.

Kincardine Dental Practice is a two surgery, mixed-income dental practice located in the small, traditional village of Kincardine on the north shore of the Firth of Forth in Fife, Scotland. The village has a population of approximately 2,830 people and, as there are no other practices in the village, Kincardine Dental Practice enjoys a dedicated and consistent patient base.

The business’s previous owner/Principle, Mrs Alison Hughes, joined the practice as an Associate in 1990 and later purchased the site in 1996. After over 30 years in the business, Mrs Hughes decided to sell to pursue a well-earned retirement.

She comments, “After purchasing the practice in May 1996, I refitted the reception area, re equipped the main surgery and subsequently fitted a second surgery, a dedicated Decontamination Room, and a computerised Practice Management System. This allowed the practice to grow, to take on an Associate, and to see more patients.

“I decided to sell the business and retire after 38 years of dentistry as I want to have new adventures with my husband whilst we still can! Joel at Christie & Co found a non-corporate buyer for the practice who I believe will continue to develop and grow the practice whilst maintaining its unique, friendly position within the community.”

Kincardine Dental Practice has been purchased by experienced dentist, Mr Charles Parsons. Having previously owned practices in both the UK and South Africa, Mr Parsons was keen to acquire a small dental practice in Scotland and views Kincardine Dental Practice as an ideal fit for him.

Joel Mannix, Business Agent at Christie & Co, who handled the sale, comments, “I couldn’t be happier with how this deal panned out. After several viewings in late 2019/early 2020 we were delayed by the pandemic but, amid the disruption, I introduced Dr Parsons who is a perfect fit for the practice, sharing a lot of the ethos that Dr Hughes has as well his willingness to engage with the community as the only dentist in the village. I wish Alison all the best in retirement and Charles the best in his future endeavours.”

Craig Dickson at Christie Finance, comments, “Charles is an experienced dentist well versed in all aspects of general dentistry and has only recently returned to the UK after living in South Africa for a number of years. I introduced the deal to a number of lenders with three offers received, which shows the benefit of using a specialist commercial broker! I wish him the very best moving forward.”

Kincardine Dental Practice was sold at an undisclosed price.

Duke Street Dental Centre in Brighton sold to Enamel Dental

Specialist business property adviser, Christie & Co, has announced the sale of Duke Street Dental Centre in Brighton.

Duke Street Dental Centre is a three-surgery, predominantly private practice located in the heart of the historic Brighton Lanes in East Sussex.

The business was previously owned by husband-and-wife team, Dr David and Dr Aideen Simpkins, and has been purchased by Enamel Dental, a predominantly private, progressive and community-focused dental group.

Speaking on behalf of Enamel Dental, Head of M&A and Business Development, Mr Zak Smith, comments, “We are delighted to have Duke Street Dental join the Enamel Group. Private and cosmetic focused with a wonderful heart, the practice had exactly the right ethos we were looking for. With a wonderful team in a prime location, we cannot wait to develop and grow the practice further. Thanks to everyone involved in the transaction.”

Tony Walker, Business Agent at Christie & Co, who handled the sale, comments, “Congratulations to Enamel Dental on the acquisition of Duke Street Dental Centre. David and Aideen have built a very successful practice and I know they and their colleagues will be a fantastic addition to Enamel Dental’s team.”

Duke Street Dental Centre was sold at an undisclosed price.

Portland Dental Practice in Birmingham sold to first-time buyer

Specialist business property adviser, Christie & Co, has announced the sale of Portland Dental Practice in Birmingham.

Portland Dental Practice is a two-surgery, mixed income dental practice that has been treating both NHS and private patients in Edgbaston, Birmingham, for more than three decades. The business was previously owned by Dr Martin Segelov, who decided to sell as part of his retirement planning, and has now been purchased by first-time buyer, Dr Kian Dhinsa.

Dr Segelov comments, “After an enjoyable and professionally rewarding career of 30 plus years, I have decided to sell Portland Dental Practice to Dr Kian Dhinsa. All of the staff are looking forward to working with Kian and I would like to wish them well for the future.”

New owner, Dr Dhinsa, comments, “Portland Dental Practice is an attractive mixed practice in the heart of Birmingham city centre located in a charming building, and I am looking forward to building on decades of hard work by the outgoing owner and team by growing the practice further. There also are immediate plans to modernise the practice with state-of-the-art equipment and materials as well as doing a full refit.”

Steve O’Connor, Business Agent at Christie & Co, who handled the sale, comments, “I’m delighted that the sale of Portland Dental Practice has now completed. The sale was just about ready to conclude in April of last year, and then the pandemic struck, causing delays. I’m pleased Martin can now look forward to his well-earned retirement, and wish Kian all the best moving forwards, who I know has some exciting plans for the practice.”

Portland Dental Practice was sold for an undisclosed sum.

Ciao Paolo Dental Practice in Glasgow sold through Christie & Co

Specialist business property adviser, Christie & Co, has announced the sale of Ciao Paolo Dental Practice in Glasgow.

Ciao Paolo is a three-surgery, mixed income dental practice with approximately 2,500 registered patients. The practice is well established and offers significant scope for further potential including longer opening hours and the introduction of additional specialist treatments.

The practice is located on Crow Road in Jordanhill, an affluent area of the West End of Glasgow, just three and a half miles from the city centre. The area has excellent transport links and will benefit from nearby housing development plans.

The business has been run successfully by previous owner, Principal, Dr Paul Trevisan, since 2011 after it was established from squat. He decided to sell as he was looking for an exit strategy from practice ownership but wanted the flexibility to continue working post-sale.

Ciao Paolo Dental Practice has been purchased by Dr Radhika Baireddy, who plans to increase the services provided at the practice, thereby increasing the overall profitability.

Dr Trevisan comments, “Joel at Christie & Co introduced me to a range of interested parties based on my preferred buyer criteria. I’m very confident the new owner, Radhika Baireddy, is an excellent fit for our appreciative patient base and look forward to continuing to provide care for our patients.”

Dr Baireddy comments, “Being a first-time buyer, I was not sure if buying a practice during a pandemic was a good idea. However, my passion for owning my own practice has encouraged me to buy. I choose Ciao Paolo dental practice as Dr Trevisan was willing to continue working with me post-sale, and I felt he would be an excellent mentor for me for the business of dentistry.”

Joel Mannix, Business Agent at Christie & Co, who handled the sale, comments, “Paul and I began discussing the possibility of a sale a few years ago. We kept in touch and continued to discuss the markets until he felt the time was right to  sell his practice. After a short advertising period, in which we had over 40 enquires, we were able to hone in on a number of capable buyers. Paul was most keen on Radhika’s offer, particularly due to her being a first-time buyer, as it allowed him to hand over the reins of his practice but enabled him to work on to continue treating the patient base he had built over a decade. I’d like to wish Radhika all the very best with her first dental practice which I’m sure, with Paul’s expertise, will be a great success.”

Ciao Paolo Dental Practice was sold off an asking price of £385,000.

Polegate Dental Practice in East Sussex sold to first-time buyer through Christie & Co

Specialist business property adviser, Christie & Co, has announced the sale of Polegate Dental Practice in East Sussex.

Polegate Dental Practice is a three-surgery NHS practice located in the beautiful East Sussex town of Polegate. After being under the same ownership for over 20 years, the owner/Principal decided to sell so that he could retire and spend more time with his grandchildren. 

After a short period of marketing which resulted in multiple viewings and offers, a sale was agreed to an Associate buying his first dental practice. The buyer was attracted to the strong mix of NHS and private income and the opportunity to grow the practice going forward.  The sale demonstrates the continued strength of the market and the high demand from first-time buyers keen to acquire.

Tony Walker, Business Agent at Christie & Co, who handled the sale, comments, “I am delighted that the sale of Polegate Dental has completed. Our client is delighted to hand over the practice and his patients to an excellent buyer who will continue the first-class clinical care of the patients and grow the practice in the future.”

Polegate Dental Practice was sold at an undisclosed price.

Portman Dental Care acquires Plymouth Orthodontics Ltd via Christie & Co

Specialist business property adviser, Christie & Co, has announced the sale of Plymouth Orthodontics Limited to expanding dental group, Portman Dental Care.

Plymouth Orthodontics Limited, a specialist orthodontic practice in the popular Plymouth suburb of Mannamead, occupies a two-storey, former residential property. It has been owned by Principal, Dr Sanjay Kumar, since 2008 and has since been completely refurbished and maintained to a very high standard throughout.

Dr Kumar, who also treats patients at nearby Derriford Hospital, decided to sell but plans to remain with the business long-term to ensure continuity of patient care. He comments, “I’m extremely thrilled to have completed on the sale of my practice and am really looking forward to working as part of the Portman team, helping to grow the business in years to come. The sale process was very smooth and was managed extremely professionally by both Christie & Co and Andy Price at Portman.”

The business has been purchased by expanding dental group, Portman Dental Care, and will fit in well to the company’s network of practices, continuing to grow with the support of its general practices in the South West through referrals.

Speaking on behalf of the company, Mr Andy Price comments, “We are very excited to have the opportunity to work with Sanjay and his great team at Plymouth Orthodontics. Portman’s ortho division is bolstered further by this acquisition to bring us to 23 orthodontic specialist sites within Portman, out of the 155 practices we have in total. It has been an absolute pleasure to work with Simon at Christie & Co., a true professional and a very proactive individual to enable the sale to go through in a reduced timeline.”

Simon Hughes, Managing Director at Christie & Co, who handled the sale, comments, “Quality orthodontic practices are in high demand and Plymouth Orthodontics was no exception with a number of dental companies keen to acquire it. Dr Kumar has built a fantastic practice which will, no doubt, continue to thrive and grow under the Portman banner. We wish him and the team much continued success.”

Plymouth Orthodontics Limited was sold at an undisclosed price.

Christie & Co facilitates pair of freehold dental investments in under 7 weeks

Specialist business property adviser, Christie & Co, has announced the sale of a pair of freehold dental investments in Cumbria and Northumberland which took just seven weeks from launch to conclusion.

The properties occupy prominent trading positions in Wigton town centre in Cumbria and Darras Hall in Northumberland – the latter of which is generally regarded as the most expensive and exclusive area to live in the North East of England.

Both benefit from an exceptional healthcare covenant in Bupa Dental Care following their acquisition of the businesses in 2018. The freehold interests of the practices were owned by private landlords who decided to sell to release equity from their property portfolio and pursue other ventures.

The investments have been acquired by an experienced bank-funded dentist.

Jonathan Watson, Director at Christie & Co, who handled the sale, comments, “Despite a turbulent 12 months, the demand for UK real estate investment remains incredibly high compared with riskier equities in the market. Appetite in the needs-based healthcare sector is as strong as ever and there is particular focus on NHS dentistry as contracts are held in perpetuity.

“It was a pleasure to be involved in the sale of these two investment properties and refreshing to work with such a motivated purchaser who acquired both freeholds through a high-street lender in under two months.”

The freehold interests were sold off a guide price of £450,000 with the businesses unaffected.