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29 April 2020 | Dental Practices

Hardhorn Road Dental Practice in Lancashire sold to first-time buyers by Christie & Co

Specialist business property adviser, Christie & Co, is pleased to announce the sale of Hardhorn Road Dental Practice in Poulton-le-Fylde, Lancashire.

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Hardhorn Road Dental Practice is a large mixed-income practice. It is situated on a residential road in the small but popular historic market town of Poulton-le-Fylde, on the coastal plain and not far from the seaside towns of the Fylde Coast.

The site was previously owned by Dr Andy Brady, who has decided to sell as part of his future retirement plans but will remain working for the foreseeable future and “won’t be slowing down any time soon”.

The Practice has been purchased by two of its previous Associates, Dr Alexander Johnson and Dr Adam Pourmahak. Dr Johnson and Dr Pourmahak are first-time buyers and, with the help of Christie Finance, were able to secure a loan from the bank and consequently secure this deal. The pair are looking to carry on the excellent reputation of the Practice and introduce further specialisms and modernisation over the coming years.

Pleased with the service offered, Dr Johnson and Dr Pourmahak, said, “From the very start, Jawad [Christie Finance] was realistic about the feasibility of the purchase. Neither of us had a great deal of capital and he understandably kept our expectations at bay. However, he was positive and reassured us that if it wasn’t a workable deal then it wouldn’t happen. It had to work for all parties.”

Jonathan Watson, Director of Medical at Christie & Co, comments on the sale, “I am delighted that the seller can now carry on practising for many years without needing to devote as much time to practice management. Given the current situation it is a real statement that deals of this size can be completed, and to independent purchasers reliant on bank funding. This sophisticated funding process was hugely aided by the tireless work and positive attitude of specialist finance brokers.”

Jawad Anjum, Director at Christie Finance, comments, “It was a pleasure to work with Alex and Adam in acquiring Hardhorn Dental Practice. They are both highly experienced dentists who have worked as Associates at the practice for the past ten years. During this time, they have both significantly contributed to the sterling performance of the practice and have always treated it as their own. Alex and Adam undertake other roles within the dental community. Alex works as a Dental Appraiser for the NHS England Commissioning Body, empowering practitioners to reflect on their practice in the four domains of clinical care, management and team leadership, communication, and professionalism. Adam delivers dental workshops on behalf of the Alzheimer’s Society and provides oral health education to primary school children aged four to 16 years old. Hardhorn Dental is already a highly successful business in a desirable location, and I know my clients are the perfect fit for the practice and will continue to maintain the high standards implemented by the founding principal. During the buying process, Alex and Adam fully trusted me to deliver on what they were looking for and were continually receptive in taking my advice as a dental finance specialist. I wish them the very best of luck in their new roles as practice owners.”  

Hardhorn Road Dental Practice was sold at an undisclosed price.
 

For further information on this press release, contact:
Phoebe Burrows, Corporate Communications Executive
P: 020 7448 8849 or E: phoebe.burrows@christie.com

Contact the agent:
Jonathan Watson, Director (Medical)
P: 0161 833 6935 or E: jonathan.watson@christie.com

Contact Christie Finance:
Jawad Anjum, Director (Christie Finance)
P: 0113 389 2716 or E: jawad.anjum@christie.com
 
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