Central London Highly Profitable Dental Practise For Sale

This is an outstandingly well-run business. The owner wants to re-direct their energies elsewhere after the last 18 years building this highly regarded practice in a rapidly growing part of South East London.

Executive Summary:

This practice is highly rated by the NHS and its customer base. The Owner has consistently grown the business through careful planning and hard work. The business is in a fantastic location in South East London with an abundant mix of residential, commercial and retail space in its immediate locale. With Revenues around £1mn and 90% of that coming through the NHS the practice is highly profitable.

Business Information:

Annual Revenues are around £ 1mn. The business has great opportunities for growth and increased profitability. Gross Profit Margins are higher than average and the Discretionary Earnings to the Seller are very attractive.

Today the NHS accounts for 90% plus of the Revenue base.

Further information will be divulged to interested purchasers under a confidentiality agreement

Premises and Lease Information:

The premises are fully licensed (D1 etc). The layout and décor is very well worked and gives the practice the right feel for its customer base. There is a good size reception and waiting area at ground floor. The basement houses the staff room, kitchen, store room, conveniences and equipment room; it also gives access to a decent yard where equipment is also sited. There are then 2 very well-equipped treatment rooms on each of the floors above reception and an apartment on the 3rd floor (currently let to a staff member). The brand-new lease is for 15 years and has rent renewals built in after 5 years and 10 years. The current level is at market prices and affordable. This is exceptional and will allow a new owner to feel very comfortable when planning. Rates are set by the local council. The building is just inside a redevelopment area, although this is still in planning stages.

Equipment:

Each of the 4 treatment rooms have an A-Dec 300 chair (+ Delivery Systems), Eschmann sterilising units, VistaScan Perio Plus X-ray system, and all other essential equipment for a dental practice of this quality.

Growth Prospects:

The business can grow organically as this is a prominent location. In addition, the landlord is supportive of converting the 3rd floor into treatment areas subject to planning permission. An alternative may be to use the basement in this manner and convert the 3rd floor into a space to house the amenities currently occupying the basement. The business does not offer any retail at this time and there may be some room for more private work if a new owner desires such.