The Dental Practice in Gateshead, Tyne and Wear, has been sold to an existing operator after the previous owners decided to retire.
Established in 1993, two-surgery, predominantly-NHS business is located on a busy retail parade in Gateshead, surrounded by retail parks, commercial businesses, and large international businesses, which offer a secure patient base.
The practice was owned by husband-and-wife team Mark and Emma Benn since 1999 and was brought to market to allow them to retire.
Following a confidential sales process with Cathy Murphy at Christie & Co, it has been purchased by Dr Jaz Ali, who also owns Crescent Dental Care in Gateshead.
Mark and Emma said: “When we initially bought the practice in 1999, it had been set up as a squat in 1993 by our predecessor.
“It wasn’t busy enough for us both to work there, so we both worked part-time at the practice and also part-time as associates elsewhere.
“We built the practice up over the coming years, eventually able to accommodate both of us and a hygienist two days a week.
“We decided to sell as we wanted to improve our work-life balance and spend more time with family as we look towards retirement.”
Murphy adds: “Given its reputation and great location, the practice generated a high level of interest upon coming to market.
“I’m pleased that it is being handed over to an experienced practice owner, and I wish Jaz well with his new venture.
“The sale reflects the strong demand for quality, reputable practices in the North East.”
The Dental Practice was sold for an undisclosed price.