First time buyer acquires well established dental practice in Tyne & Wear
Park Road Dental Practice, a mixed income dental practice in Wallsend, a town in North Tyneside, has been sold through specialist business property adviser, Christie & Co, to first time buyers.
Occupying a prominent trading position just off the town’s high street, the well established practice comprises three surgeries and provides dentistry services to adults and children living in and around Wallsend.
Previous owner, Dr T W Cheung acquired Park Road Dental Practice in 1990 and the business has grown significantly under his ownership. Following the decision to sell in order to concentrate on other business interests, Dr Cheung comments, “I approached Paul to assist me with the sale of my dental practice. I was impressed by the professional manner in which my transaction was conducted and concluded. I wouldn't hesitate to recommend him and Christie & Co to any potential vendors.”
New owner and first time buyers, Ben and Sally Jones comment, “Thanks to the previous owner, Dr Cheung and to Paul Graham of Christie & Co. We are really excited about the challenge ahead and looking forward to meeting all of the patients.”
Paul Graham, Head of Dental at Christie & Co handled the sale and comments, “Christie & Co was approached by Dr Cheung to sell Park Road Dental Practice, as he was looking to step away from the business, which he had built over the past 28 years. The aim was to find the right buyer who could continue the reputation of the long-established practice. After marketing the practice and achieving plenty of interest, we accepted an offer from a first time buyer, highlighting the appetite and success of first time buyers within the dental market across the UK.”