Bromley Cross Dental Practice in Bolton sold to Pearl Smile

Bromley Cross Dental Practice in Bolton sold to Pearl Smile
News

Specialist business property adviser, Christie & Co, has announced the sale of Bromley Cross Dental Practice in Greater Manchester.

Bromley Cross is a reputable, mixed income dental practice with five well-fitted surgeries. It enjoys a prominent main road position in the heart of Bromley Cross, a suburb of Bolton.

The business has been owned by Dr Kate and Richard Duncalf since 2004, having acquired it through family who had operated the practice since 1975. The pair plan to remain at Bromley Cross for the foreseeable future. It has been sold to Nilesh Bhavsar of independent multi-practice operator, Pearl Smile.

Richard and Kate Duncalf comment, “We have thoroughly enjoyed our 18 years of practice ownership and have overseen significant expansion from three to five surgeries. The practice remains at the heart of the local community and when we decided to sell, we wanted to make sure that it retained its local focus. Selling to Nilesh and Leena of Pearl Smile, a small group of practices based around Manchester, means the staff and patients will be in good hands, and it will allow the practice to develop even further.”

Jonathan Watson, Director at Christie & Co, who handled the sale, comments, “The last couple of years has seen a relatively low level of dental practices come to the market due to the impact of the pandemic on the sector and, specifically, NHS delivery levels. So, when a large and reputable practice such as Bromley Cross comes to market, there is always going to be significant demand. Here, we were able to generate significant interest from a range of buyer types and managed to achieve a great result for the client. Richard and Kate Duncalf, as well as Nilesh from Pearl Smile, were a genuine pleasure to work with and I wish them every success in the future.”

Bromley Cross Dental Practice was sold for an undisclosed price.

Christie & Co

About Christie & Co

Head of Valuation – Medical Chris joined Christie & Co in 2008 and was appointed Director in 2010. Chris has overall responsibility for valuation work undertaken across our medical business with particular expertise in the GP, pharmacy and dental sectors. With a client base of leading corporate and independent operators together with key banks and lending institutions, Chris has been integrally involved in all of Christie & Co’s major medical advisory instructions since joining the business and is frequently invited to speak at industry events and conferences. Chris also attained his FRICS status in 2016 emphasising his expertise within the sector and industry.