Showman & Clark Dental Practice sold to expanding local operator
Specialist business property adviser, Christie & Co has sold Showman & Clark Dental Practice in Droylsden, Greater Manchester. The NHS practice consists of four surgeries and holds the potential for further expansion.
Having owned the business for 45 years, Harvey Showman comments; “I sold my practice through Jonathan Watson at Christie & Co and was very impressed by his constant attention to the sale procedure. I had thought that once the sale was agreed and they attained over a dozen offers for the practice, that would be the end of their involvement. However, Jonathan was always available with advice and help throughout the sale process. Christie & Co provided a very professional and ethical service.”
Generating significant interest, including 13 offers by the closing date, the practice was sold to an expanding local operator and will be rebranded as SimplyOne Dental.
Taufeeq Rauf, co-owner of SimplyOne Dental comments; “We are delighted to take over such a well established practice and are keen to maintain the success of the business over the coming years. We were grateful of the assistance offered by Christie & Co throughout the sale and appreciated the fact that they don’t charge a fee to buyers.”
Jonathan Jacobs, Head of Healthcare at AN Law acted on behalf of the vendor and comments; “The sale of a dental practice can be a complex matter. Jonathan's ability to get to the nub of the transaction, together with his personable approach, clearly shows his understanding of the market. I would have no hesitation in recommending Jonathan to assist any dentist looking to sell their practice as he gives professional, pragmatic advice and is there when you need him.”
Jonathan Watson, Associate Director in Christie & Co’s Manchester office who brokered the sale comments; “This was a satisfying result for our clients as they had received significantly lower offers privately. After approaching Christie & Co to market the practice, significant interest was generated from a range of purchasers, ranging from first time buyers to experienced regional operators, and our competitive asking price was comfortably exceeded by multiple parties. We were able to guarantee our client received the best price possible for their practice by approaching the open market and inviting offers from all buyer categories to maximise interest.”
Showman & Clark Dental Practice was sold off a guide price of £1,400,000.