We are asked to sell dental practices for a variety of reasons, from retirement to a change of personal circumstances, and sometimes due to ill health of the practice owner or of a loved one/family member.
A recent practice sale of a mixed, two surgery, leasehold practice in Surrey that we were asked to deal with was due to the latter unfortunately. The owner wanted to retire as quickly as possible due ill health and the desire to spend more time with family.
We took on the sale and valued the practice at just under £750,000. In no time at all, we’d found a suitable buyer and secured an above asking price offer, so the sale was able to quickly move forward to the legal stages and eventually completion, all down to the Frank Taylor & Associates model for selling a dental practice.
The owner was delighted with the outcome as they had achieved a great price for the sale and at the same time, they’d retained the freehold of the premises so this could be passed on to other family members.
If you’d like to speak to a member of our team for advice on selling a leasehold or freehold practice, please get in touch.