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 50/50 private and NHS, with the fees earned in the twelve months
to March 2011 being £281,000. 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 £260,000. The
total sale price is therefore £560,000.
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 only a £10,000 variance in turnover for the
past three years accounts. The practice
this year is running around 15% higher year to date due to an additional NHS
contract, which will be confirmed permanently by the PCT in early 2012.
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 the
same. The practice has potential for
growth both from an increase in UDAs and from a good local market for private
dentistry. To book an appointment to visit the practice and for further
information and accounts, please contact Flame Health.