Key tips for buying a dental practice in Scotland

 Image: Bjorn Snelders for Unsplash

Currently, the stock on the market is of a very high standard, and we are seeing an influx of very profitable opportunities in Scotland. The opportunities range from two surgery practices up to five or more surgeries and space on site for further expansion, which buyers are keen to see given future growth opportunities.  

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 Scotland. 

• Firstly, decide what kind of practice you want - NHS, private, or mixed income - and how many surgeries you need. Consider location and whether you're willing to commute. While it's good to have preferences, staying flexible will keep you open to more opportunities. 
• Register your interest with a reputable dental agent - avoid those who charge fees. A good agent will share practice details fairly with all interested buyers. Once registered, speak directly with the agent to clarify your goals and explore the options available. 
• Next, plan your finances. Most purchases require between a 10% and 20% deposit. The dental sector is considered a ‘green-light’ industry by lenders, generally making it easier to secure funding. A specialist finance broker, like Christie Finance, can help you find the right loan. 
• Engage a solicitor and accountant who specialise in dental practices. Their expertise will help you navigate legal and financial complexities and avoid common pitfalls. 
• Finally, be prepared for competition. The dental market in Scotland is strong and in demand. If you miss out on a practice, don’t be discouraged - there are plenty of opportunities, and the right one will come along. 

To find out more about the Scottish dental market, or for a confidential chat about your business options, contact Kevin Strain: kevin.strain@christie.com / 07701 315 069