10/21/2020 | Dental Practices

Wells Road Dental Surgery in Ilkley purchased by local Associate

Specialist business property adviser, Christie & Co, is delighted to announce the sale of Wells Road Dental Surgery in Ilkley, West Yorkshire.

Founded over 75 years ago, Wells Road Dental Surgery is a well-established two-surgery mixed practice which occupies the first floor of a large end-terraced character property in Ilkley, West Yorkshire, and enjoys a prominent position in the heart of the town centre.

The surgery’s previous owner, Dr Nick Dobson, acquired the practice over 30 years ago after working as a locum in 1987. He later become an Associate and took over as Principle in 1989.

Dr Dobson comments, “After running the practice for 30 years, and with increased legislation etc., I decided that, whilst I didn’t want to stop clinical work completely, I wanted to cut back and not have the responsibilities of owning and running a practice. Jon is perfect for the practice and I’ve no doubt that he will be a successful practice Principal. Christie & Co were recommended because they give you genuine and accurate advice. They also found the right person for the practice within a week of going on sale.”

Wells Road Dental Surgery has been purchased by Mr Jonathan Owen, who has worked for the business since January 2020. Mr Owen previously worked for more than 10 years in NHS practice, then six years in private practices in Horsforth and Burley-in-Wharfedale.

Speaking about his new acquisition, Mr Owen comments, “I’m very pleased to be taking over the reins of the practice from Nick. I started working part time at Wells Road Dental Surgery in January this year and moved to full-time in July. I have over 17 years of experience working in practice and have extensive postgraduate qualifications including a master’s degree in clinical Dentistry from the University of Leeds. I live locally with my wife and two boys who keep me busy!

“Nick will continue to work at the practice on a Monday and Tuesday, and is enjoying being able to continue to care for his patients as well as having extra time to do more cycling and improve his golf. We want to continue to provide high-quality general dentistry for all the family in the friendly atmosphere all our patients are accustomed to.”
Olivia Allison, Business Agent at Christie & Co, who handled the sale, comments, “It has been a pleasure to work with both Nick and Jon on this deal. I am delighted that we were able to find the ideal buyer for Wells Road and I’m confident that the practice will continue to grow on the success that has been achieved over the years. It was also great to see a first-time buyer obtain competitive bank funding terms, given the current situation.
“This is another example of the increased buyer appetite that we’re seeing at Christie & Co from Associates looking for their own dental practices. In the last year, approximately 80 per cent of Christie & Co practice sales were acquired by independent operators and we expect this trend to continue throughout the rest of 2020 and beyond.”

Wells Road Dental Surgery 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:
Olivia Allison, Business Agent – Dental
P: 07702 803 356 or E: olivia.allison@christie.com