Glasgow dental clinic sold to ambitious first-time buyer brothers

Glasgow dental clinic sold to ambitious first-time buyer brothers
News

Specialist business property adviser, Christie & Co, has announced the sale of 1Smile Dental Clinic.

1Smile Dental Clinic is a mixed-income dental practice which offers a full range of dentistry, including cosmetic, restorative and implants. It benefits from a prominent trading location on Renfield Street, one of the main thoroughfares in Glasgow, with Central Station being just a few minutes’ walk from the practice.

Following a confidential sales process, the business has been sold to brothers, Ryan and Dean Shum. This is the pair’s first dental practice purchase.

Ryan Shum comments, “Glasgow has been our home all our lives, we both went to school on Sauchiehall Street and studied at the University of Glasgow. So 1Smile presents a great opportunity for us to provide high-quality dentistry in the perfect location. We have exciting plans to revamp the practice brand and push the practice to its full potential, with cosmetic dentistry becoming a strong focus along with investment in digital technology.”

Joel Mannix, Senior Business Agent at Christie & Co, who handled the sale, comments, “A real focus for us is matching sellers with buyers who we know will treasure the business and I’m delighted to have brought together this pairing as I’m sure that Ryan and Dean will take the business from strength to strength. The brothers are well qualified and have similar views and ethos and are prepared to roll up their sleeves and get hands-on at the practice.

“The practice has good reputation and benefits from a fantastic central Glasgow location with plenty of footfall. With strong buyer appetite and some fantastic stock, such as this, coming to the market at the moment, the Glasgow dental market is very competitive.”

1Smile Dental Clinic 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.