A DENTAL practice in Glasgow has been sold, business property adviser Christie & Co has said.
Ciao Paolo Dental Practice is a three-surgery, mixed income dental practice with about 2,500 registered patients.
The practice is well-established and offers significant scope for further potential including longer opening hours and the introduction of additional specialist treatments.
It is located on Crow Road in Jordanhill, about three and a half miles from the city centre. Christie & Co also said the area will benefit from nearby housing development plans.
The agent said that “the business has been run successfully by previous owner, Principal, Dr Paul Trevisan, since 2011 after it was established from squat”.
He decided to sell as he was looking for an exit strategy from practice ownership but wanted the flexibility to continue working post-sale.
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Ciao Paolo Dental Practice has been purchased by Dr Radhika Baireddy, who plans to increase the services provided at the practice, thereby increasing the overall profitability.
Dr Trevisan said: “I’m very confident the new owner, Radhika Baireddy, is an excellent fit for our appreciative patient base and look forward to continuing to provide care for our patients.”
Dr Baireddy said: “Being a first-time buyer, I was not sure if buying a practice during a pandemic was a good idea. However, my passion for owning my own practice has encouraged me to buy. I choose Ciao Paolo dental practice as Dr Trevisan was willing to continue working with me post-sale, and I felt he would be an excellent mentor for me for the business of dentistry.”
Joel Mannix, business agent at Christie & Co, who handled the sale, said: “Paul and I began discussing the possibility of a sale a few years ago. We kept in touch and continued to discuss the markets until he felt the time was right to sell his practice. After a short advertising period, in which we had over 40 enquires, we were able to hone in on a number of capable buyers.
“Paul was most keen on Radhika’s offer, particularly due to her being a first-time buyer, as it allowed him to hand over the reins of his practice but enabled him to work on to continue treating the patient base he had built over a decade. I’d like to wish Radhika all the very best with her first dental practice which I’m sure, with Paul’s expertise, will be a great success.”
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