Kincardine Dental Practice in Fife has been sold.
Kincardine Dental Practice is a two-surgery, mixed-income dental practice located in the small, traditional village of Kincardine. The village is located on the north shore of the Firth of Forth in Fife, Scotland. The village has a population of approximately 2,830 people.
There are no other practices in the village. Kincardine Dental Practice enjoys a dedicated and consistent patient base.
The business’s previous owner/principal, Mrs Alison Hughes, joined the practice as an associate in 1990. She 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. 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.’
Who’s the buyer?
Experienced dentist, Mr Charles Parsons has purchased Kincardine Dental Practice.
Charles previously owned practices in both the UK and South Africa. Mr Parsons was keen to acquire a small dental practice in Scotland. He 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 the pandemic caused delays. Amid the disruption, I introduced Dr Parsons who is a perfect fit for the practice. He shares a lot of the ethos that Dr Hughes has. As well as 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.
‘He 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.