New owners for profitable Stockport dental practice
Specialist business property adviser, Christie & Co, has announced the sale of Corra Linn House Dental Practice in Stockport, Greater Manchester.
Corra Linn House is a profitable, five-surgery, mixed-income practice ideally located on the A6 Buxton Road in Stockport. The business operates from a large, commanding character property with Tudor-style décor and stained-glass windows.
The practice has been owned by Dr Johann Joubert for more than 13 years and was brought to market to allow him to scale down his business responsibilities.
Following a confidential sales process with Jonathan Watson at Christie & Co, and with funding sourced through Becki Barnett at Christie Finance, the practice has been purchased by expanding operators, Atif Aftab and Abrahem Malik, who already own multiple practices across the North West.
Dr Johann Joubert, former owner of Corra Linn House Dental Practice, comments, “I acquired the practice in 2010 and saw great potential, slowly building it up from a two-dentist operation to the busy five-chair practice it is today. I believe the practice name originated from the person who built the property, who came from a town near the Corra Linn waterfall in Scotland – this will have been the inspiration behind the stained-glass artwork which remains in the practice to this day. I brought the practice to the market last year and was delighted with the outcome - I wish the buyers well in the future.”
Jonathan Watson, Director – Dental at Christie & Co, comments, “We have been working with Dr Joubert for some eight years, having helped him acquire another practice in the region, so I was delighted we were able to conclude a sale for him here. We were encouraged by the significant interest shown in the practice at a time when there are challenges in the industry, particularly in recruitment. Clearly, the market for long-established, well-located mixed practices is still extremely buoyant.”
Corra Linn House Dental Practice was sold for an undisclosed price.
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For further information on this press release, contact:
Phoebe Burrows, Corporate Communications Manager
P: 07540 063 598 or E: phoebe.burrows@christie.com
Contact the agent:
Jonathan Watson, Director – Dental
P: 07713 061 582 or E: jonathan.watson@christie.com
Contact Christie Finance:
Becki Barnett, Finance Consultant
P: 07764 241 341 or E: becki.barnett@christiefinance.com
Visit Christie & Co’s Business Search page to find out more about current medical listings.
