Dr Patrick Kennedy is celebrating the sale of Backwell Dental Care in Bristol.
Dr Kennedy first discussed his exit strategy with Lily Head Dental Practice Sales in April 2017.
Following an analysis of the valuation of his dental practice it was identified that Dr Kennedy could significantly increase the value of Backwell Dental Care by increasing the productivity of the business and renegotiating several supplier agreements.
Following a period of improved financial performance Lily Head Dental Practice Sales took Backwell Dental Practice to the market 18 months later.
The dental practice was acquired by Corporate Provider for an amount which was 30% more than the initial valuation figure.
Dr Kennedy writes; ‘Having decided to sell my Private Dental Practice, I had meetings with many of the leading dental practice agents.
Lily Head Dental Practice Sales had a clarity on the process which the other agents could not match.
Abi Greenhough managed the sale of my #dental practice sale.
Abi sympathetically guided me through the sale, negotiating hard to get the best possible deal and moving things along when they were stalling.
I can recommend the Lily Head Dental Practice Sales team without reservation and would like to thank them for all their hard work.
If you would like to discuss anything to do with buying, selling or financing a dental practice then please Contact Us today.
The dental practice was sold from an asking price of £3,000,000.