Kincardine’s only dental practice sold after 25 years of ownership
Specialist business property adviser, Christie & Co, has announced the sale of Kincardine Dental Practice in Fife. Funding for the sale was sourced through Christie Finance.
Kincardine Dental Practice is a two surgery, mixed-income dental practice located in the small, traditional village of Kincardine on the north shore of the Firth of Forth in Fife, Scotland. The village has a population of approximately 2,830 people and, as there are no other practices in the village, Kincardine Dental Practice enjoys a dedicated and consistent patient base.
The business’s previous owner/Principle, Mrs Alison Hughes, joined the practice as an Associate in 1990 and later purchased the site in 1996. After over 30 years in the business, Mrs Hughes decided to sell to pursue a well-earned retirement.
She comments, “After purchasing the practice in May 1996, I refitted the reception area, re equipped the main surgery and subsequently fitted a second surgery, a dedicated Decontamination Room, and a computerised Practice Management System. This allowed the practice to grow, to take on an Associate, and to see more patients.
“I decided to sell the business and retire after 38 years of dentistry as I want to have new adventures with my husband whilst we still can! Joel at Christie & Co found a non-corporate buyer for the practice who I believe will continue to develop and grow the practice whilst maintaining its unique, friendly position within the community.”
Kincardine Dental Practice has been purchased by experienced dentist, Mr Charles Parsons. Having previously owned practices in both the UK and South Africa, Mr Parsons was keen to acquire a small dental practice in Scotland and views Kincardine Dental Practice as an ideal fit for him.
Joel Mannix, Business Agent at Christie & Co, who handled the sale, comments, “I couldn’t be happier with how this deal panned out. After several viewings in late 2019/early 2020 we were delayed by the pandemic but, amid the disruption, I introduced Dr Parsons who is a perfect fit for the practice, sharing a lot of the ethos that Dr Hughes has as well his willingness to engage with the community as the only dentist in the village. I wish Alison all the best in retirement and Charles the best in his future endeavours.”
Craig Dickson at Christie Finance, comments, “Charles is an experienced dentist well versed in all aspects of general dentistry and has only recently returned to the UK after living in South Africa for a number of years. I introduced the deal to a number of lenders with three offers received, which shows the benefit of using a specialist commercial broker! I wish him the very best moving forward.”
Kincardine Dental Practice was sold at an undisclosed price.
For further information on this press release, contact:
Phoebe Burrows, Corporate Communications Executive
P: 020 7448 8849 or E: phoebe.burrows@christie.com
Contact the agent:
Joel Mannix, Business Agent
P: 07764 241 691 or E: joel.mannix@christie.com
Contact Christie Finance:
Craig Dickson, Director
P: 07713 061 621 or E: craig.dickson@christiefinance.com
