Dental practices for sale
2016 – another busy year for dental practice sales
How does demand shape up though across our regions?
The Scottish market
The central belt remains the key focus for our buyers with other areas including Fife and Inverness attracting more attention as market activity remains robust. Values are generally lower than south of the border but the market is hotting up as buyers more north to find value.
Notable recent successes include the sale of Inchcape Dental centre in St Andrews, in one of the largest individual practices to be sold in Scotland recently.
With offices in Edinburgh and Glasgow, we understand the market like no other agent and are ideally placed for anybody looking to buy or sale in Scotland. Call Paul Graham on 0131 524 3416.
The North, North West and North East
One of the busiest areas of the UK, the North of England is popular with all types of buyer including independents and corporate. Demand from buyers is strong for all practice types, particularly in and around the major cities including Liverpool, Manchester and Leeds. We regularly achieve multiple offers for practices in excess of the asking price and average 12 viewings for every practice launched to the market. We have offices in Manchester, Leeds and Newcastle all with dental specialists.
With specialist dental agents living and working in the region, we understand the local market best. Call Jonathan Watson on 0161 833 6935.
Midlands and Anglia
During the first half of 2016, the West Midlands continued to be our buyers’ most desirable region to open a Dental Practice. However, interest in the East Midlands is growing as buyers seek better value and choice. We have worked on a number of important projects through our offices in Birmingham, Nottingham and Ipswich, including the sale of Jordan Dental in Nottingham, a group of six dental practices sold for a record price.
Carl Steer is our Midlands dental specialist, call him on 0121 452 3722.
London and the South East
London still remains the hotspot for buyers with corporate and multiple practice owners competing with each other for the best practices. As demand increases and Associate rates fall, premium prices are being paid for NHS/mixed practices and quality private practices within the M25.
The 'London effect' is benefiting those thinking of selling in the home counties too; this was evidenced by the sale of Marlfield House in Winchester, a landmark 10 surgery practice in one of the largest single transactions in the UK in recent years.
This region is covered by our offices in London, Maidstone and Reading – contact Simon Hughes on 020 7227 0749.
Dentistry in the South/South West
Demographically, this region is very well served by dental practices with some of the larger NHS contracts in the UK. Its proximity to London also draws purchasers out, although recruiting new dentists can be a challenge in the more remote areas.
Although the larger towns and cities such as Bristol, Plymouth & Exeter will attract significant interest, the whole region has plenty to offer potential buyers who are keen to move out of some of the larger cities for a perceived lifestyle change. With offices in Winchester, Exeter and Bristol Christie & Co are well placed to provide relevant local market advice to any perspective sellers in the area.
Contact Oliver Snowden on 0117 946 8528.