Specialist business property adviser Christie & Co has announced the sale of Cardonald Smiles in Glasgow.
Established from a squat in 2017, Cardonald Smiles is a principal-led, two-surgery, NHS dental practice with over 1,400 registered patients located on Mosspark Drive in the Cardonald area of Glasgow.
The practice was brought to market on behalf of the previous principal, Katrina Cumine, who sought to relinquish her management responsibilities and redirect her focus towards the clinical aspects of dentistry.
Following a confidential sales process with Joel Mannix at Christie & Co, the practice attracted significant interest, resulting in five viewings and a closing date set with multiple offers received. It has been sold to independent buyer, Ravi Bains, who currently owns three practices across the wider Glasgow area.
Joel Mannix, associate director of dental at Christie & Co, commented, “It has been a pleasure working with Katrina throughout this process. I have no doubt that, under Ravi’s ownership, Cardonald Smiles will continue to thrive and provide excellent dental care to the Glasgow community.
“The dental practice sales market in the Glasgow area has recently experienced a remarkable upswing, particularly within the independent sector, with a noticeable surge in buyers' interest and a significant increase in transactional activity. This trend showcases the enduring appeal of Glasgow as a thriving dental community, attracting both experienced practitioners like Ravi as well as enthusiastic new entrants.
“With a diverse pool of motivated buyers and a high level of activity, the market reflects a strong belief in the value of independent practices and the enduring importance of personalised, patient-centred care.”
Cardonald Smiles was sold for an undisclosed price.