Fife dental practice sold to multi-practice owner through Christie & Co
Specialist business property adviser, Christie & Co, has completed the sale of Dentistry @ No 3 in Dunfermline, Fife. Situated within an attractive sandstone Victorian villa, the dental practice consists of three spacious and modern surgeries. It is principally a private practice with revenue generated through Plan and FPI income.
Previous owner and Principal, Alan Carter established the practice around 40-years ago, relocating the practice to its current location at Comely Park nearly 10-years ago. Planning his retirement, Mr Carter decided to sell the practice, but will continue to work at the business on a part-time basis to ensure a smoother transition for the new owner.
Mr Carter explained: “After meeting with Paul from Christie & Co, I felt I could trust them to accurately value my practice and market it in the most effective way. The various interested purchasers they put forward all seemed very genuine and I felt that I had Paul’s support all along the way, right to the final legal stages and signing.
“His experience in this market was invaluable to me and very reassuring. I would recommend Christie & Co’s services to any dentist considering selling their practice.”
Mark Skimming, an experienced and highly regarded multi-practice owner, is taking the reins at the practice and looks to grow and develop the business beyond its current performance.
He said: “It’s always a pleasure dealing with Paul and the work done at Christie & Co. Paul is always clear about the background regarding each sale and has the trust of both parties to intervene successfully when required. I would not hesitate to work with Paul again in the future.”
Paul Graham, Director for Medical at Christie & Co handled the sale. He said: “We took a fresh approach to the sale and following a successful, confidential marketing campaign, multiple offers were received, and the successful buyer chosen. I wish both Alan all the best in his retirement and Mark success in his new business venture.”
Christie & Co sought offers in excess of £615,000 for the practice.