Ciao Paolo in Glasgow sold through Christie & Co
Specialist business property adviser, Christie & Co, has announced the sale of Ciao Paolo Dental Practice in Glasgow. Ciao Paolo is a three-surgery, mixed income dental practice with approximately 2,500 registered patients. The practice is located on Crow Road in Jordanhill, an affluent area of the West End of Glasgow, just three and a half miles from the city centre.
It has excellent transport links and will benefit from nearby housing development plans. For the last decade the business has been successfully run by previous principal and owner, Dr Paul Trevisan, after it was first established as a squat. Dr Trevisan was looking for an exit strategy from practice ownership but wanted the flexibility to continue working post-sale.
The practice has been purchased by Dr Radhika Baireddy, who plans to increase the services provided at the practice, thereby increasing the overall profitability.
Dr Trevisan said: “Joel at Christie & Co introduced me to a range of interested parties based on my preferred buyer criteria. I’m very confident that the new owner will prove an excellent fit for our patient base and I look forward to continuing to provide care for our patients.”
Dr Baireddy observed: “Being a first-time buyer I was not sure that buying a practice during a pandemic was a good idea. However, my passion for owning my own practice has driven me forward. I chose Ciao Paolo dental practice because Dr Trevisan was willing to continue working with me post-sale, and I felt he would be an excellent mentor for me regarding the business of dentistry.”
Joel Mannix, the business agent who handled the sale at Christie & Co, added: “Dr Trevisan and I began discussing the possibility of a sale a few years ago. We kept in touch and continued to discuss the markets until he felt the time was right to sell his practice. After a short advertising period, in which we had over 40 enquires, we were able to hone in on a number of capable buyers.
“Paul was most keen on Radhika’s offer, particularly due to her being a first-time buyer, as it allowed him to hand over the reins of his practice but also enabled him to continue treating the patient base he had built over a decade. I’d like to wish Radhika all the very best with her first dental practice, which I’m sure, with Paul Trevisan’s expertise, will be a great success.”