Flame Health Practice Sales

Dental Practice for sale in East Devon

Location

East Devon

Pricing

Price: £580,000
Annual Fees  2011/12: £306,000

Key Features

Practice Location: East Devon
Asking Price: £580,000
Total Turnover from last accounts: £306,000
NHS %: 40%
Private Fee Per Item %: 60%
Freehold Value: £300,000
Number of years established: 10+
Number of Surgeries: 2 (3-4 Potentially)
Sessions per week: 13

Full Description

Flame Health present to the market a modern two surgery dental practice, with the option of buying the freehold or leasing the property for 15-20 years. The practice is mixed, split 60/40 private and NHS, with the fees earned in the twelve months to March 2012 being £306,000. The practice freehold has been valued buy a local commercial / residential property company, with the valuation of the building being £300,000. The Equipment, fixtures & fittings and goodwill has been valued at £280,000. The total sale price is therefore £580,000.

The practice is well established and sits just behind the high street in this desirable coastal town. The town is very popular and house prices are well above the average here, for the area. We understand that the practice has two fully equipped surgeries and these are equipped to a high standard with modern equipment. In addition to the surgeries, there is a spare room that could easily be converted into a third surgery. The practice is compliant to CQC and HTM 01-05 requirements.

There is ample parking near to the practice premises. We understand that there is only one other dental practice in the town itself and a single surgery private practice a few miles out of town. This makes for consistent patient numbers with an ever increasing turnover. The principal dentist usually works 4½ days a week at the practice, doing a small amount of Orthodontic treatments. There is also one associate working 2 days per week. The practice has potential for growth both from an increase in UDAs and from a good local market for private dentistry. There is good scope and space to add speciality to the practice. To book an appointment to visit the practice and for further information and accounts, please contact Flame Health Practice Sales on 0800 0850858.