Key tips for buying a dental practice in Northern Ireland
In this article, Cathy Murphy, Senior Agent – Dental at Christie & Co, provides an overview of the dental market in Northern Ireland and shares some key tips for those looking to buy in the region.
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Currently, the stock on the market is of a very high standard, and we are seeing an influx of very profitable opportunities in Northern Ireland. The bulk of the opportunities are substantial, with four or more surgeries and space on site for further expansion, which buyers are keen to see given future growth opportunities.
General feedback from buyers has seen a move towards mixed and private practices with income that can be built upon via the introduction of specialisms over time. The majority of which have owners who are more than happy to remain working post-sale and are simply considering selling to lessen the general day-to-day responsibilities of running a practice, which will allow them to focus on clinical work.
Buying a dental practice is an ambition for many qualified dentists, and there are many benefits to ownership. Here are some key things to consider before purchasing a dental practice in Northern Ireland.
What kind of practice do you want to buy?
Firstly, consider what kind of practice you would like to buy – are you looking for NHS, private or mixed-income? How many surgeries do you want? Where do you want it to be located? Are you willing to commute?
...For the full article, which was published in Irish Dentistry, click here.
To find out more about the dental market in Northern Ireland, or for a confidential chat about your business options, contact Cathy Murphy: catherine.murphy@christie.com / 07756 875 133