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30 March 2016 | Dental Practices

Shanklin dentist to sell surgery to enjoy well-earned retirement

Specialist business property advisor Christie & Co has been instructed to market a popular private dental practice in Shanklin due to the current Dentist’s plans to retire.

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Landguard Road Dental Practice, a successful and profitable fully-private practice in a prominent trading position, is available for sale with a guide price of £125,000 for the business and goodwill with the freehold available subject to valuation.

The practice was first opened in October 1987 and has been trading from the same location ever since. The current owner, popular local dentist Dr Richard Vermeulen, has run the practice since 2008, and is now looking to enjoy a well earned retirement.  The surgery enjoys a loyal patient base with annual turnover of over £140,000.

Oliver Snowden, Business Agent at Christie & Co commented: “This is a great opportunity for a dentist to take their first step into practice ownership. The practice was completely refitted, including a new decontamination room in 2008 and has plenty of potential to increase trade through extended trading hours or the creation of a second surgery.

“We are seeing that banks are happy to support the private dental sector and as the economy continues to improve and dentistry itself becomes more accessible, it's logical to expect private practices like this one to thrive, making a purchase even more attractive.”