Mark Harris, managing director of The Business Company, based near Shrewsbury, said this was the perfect opportunity for an owner of a dental practice who was perhaps reaching retirement or someone who wanted to relinquish their responsibilities of managing their own practice.
Mr Harris, who specialises in business development and consultancy with companies across the UK, said: “Primarily we are looking for NHS based dental practices with good Care Quality Commission ratings.
“Our aim is to acquire at least 15 dental practices across Shropshire and the West Midlands this year and a total of 45 over the next three years.
Mr Harris, who has successfully acted for clients in both acquiring and disposing of dental practices boasts vast knowledge of the industry, said his team would be visiting any dental practices interested with a view to conduct an initial assessment to see if it met the criteria needed.
Mr Harris added: “The practice must have at least three surgeries and preferably be an NHS practice.
“The dental industry is undergoing a huge change in regulation and some owners of these practices will not want to change their procedures and practices to enforce these regulations at such a late stage in their career if reaching retirement.
“This potential for sale could be the perfect succession plan for somebody who hasn’t previously planned.
“We have already had interest from practices in Shropshire, Staffordshire, Cheshire and North Wales after making initial contact with them.
“We understand every practice is different and the owner’s needs are different so it is important we spend time working with each one of them to ensure it is the right move for them.”
“It may also mean the owner continues to work with his or her staff until retirement but they receive a sum of money which would enable them to enjoy their time up until and beyond retirement.”
Mr Harris and his team work with business owners and managers to ensure the business is reaching its true potential and also specialise in succession plans and exit strategies, along with matters surrounding risk and compliance.