Christie & Co Sells Kent Practice to Simplybright

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Kent-based Milton Regis Dental Clinic sold through Christie & Co

Specialist business property adviser, Christie & Co, has announced the sale of Milton Regis Dental Clinic in Sittingbourne, Kent, to regional dental group, Simplybright. The clinic is a three-surgery, mixed practice which offers great potential for a new owner to increase the number of surgeries on the site and to increase patient numbers.

Based in the industrial town of Sittingbourne in Kent which lies approximately 17 miles from Canterbury and 45 miles from London, the surgery sits on a main high street in the town alongside an array of other local businesses, including pubs, a Post Office, and a variety of retail outlets.

Milton Regis Dental Clinic was previously owned by Dr Maria Magaretha Carstens who decided to sell in order to pursue retirement. She met with Christie & Co at the London Dentistry Show in 2019 and, from there, the clinic was brought to market.

Dr Carstens explained: “When one of my Associates informed me that he would like to retire, I decided it was the best time to sell the practice, as I am also no longer a young filly. I was looking for a buyer who was dynamic and enthusiastic, who would be able to unlock the full potential of the practice.

“It is ideal for someone able to make use of its perfect location for expansion of services to the fast-growing population in the immediate surrounding areas. I am also totally devoted to my patients, and I wanted to ensure continuity of care for them after my retirement.

“It was really difficult to choose a new owner, as all the potential buyers were good candidates but, in choosing the Simplybright group, I know the practice will be well managed with above-standard service provision, and that the business will most certainly thrive and grow.”

Simplybright, owns a further eight practices around the South of England. Speaking on behalf of the company, Director, Mr Mital Patel, observed: “The practice size and location was a perfect fit for our Group and, after meeting the vendor and seeing how it was run, we were confident that the practice would provide a perfect addition to our group.”

Tony Walker, Business Agent at Christie & Co, who handled the sale, said: “We are delighted to have completed on the sale of Milton Regis Dental Clinic to local operator, Simplybright. The practice attracted very strong interest which culminated in six offers, all in excess of the guide price.

“Our client, Dr Carstens, wanted to remain at the practice for a period post-sale and so was able to identify a buyer who was most suitable. The sale was agreed pre-lockdown and completed post-lockdown, reflecting the strength of the sector and the market.”

For more information about Christie & Co, visit https://www.christie.com/