Supporting your future

Buying a practice just prior to, and during, the pandemic has been a challenge – but the team at Strictly Confidental are experienced in smoothing the process

21 October, 2021 / professional-focus
 

Have you been working as an associate for a while and want to take that next step towards fulfilling your dream of owning your own dental practice? Or do you want to relocate your existing practice?

Strictly Confidental have many years of experience in this field and a sterling reputation for providing advice and information for successfully purchasing new premises for a practice. 

They do all the groundwork to let you get on with your day-to-day work, at the same time as sourcing the relevant information for your new venture. Strictly Confidental will go through every detail with you and offer advice when purchasing a practice.

The past 18 months have clearly been a difficult period for the profession and purchasing a practice during this time will have come with particular challenges. But changes in people’s circumstances has also created opportunities for practitioners to take their career and business to the next level.

We spoke to two practices who have benefitted from the experience, insights and outstanding support that Strictly Confidental offer. Vipul Pawar and Shivani Singh recently purchased Rosyth Dental Care. “We are a husband and wife team and have already run a successful practice in Lanarkshire,” said Vipul. 

 “Our loan for the practice was approved before the pandemic, but as soon as COVID started the bank said their funding has been halted. This created a small problem for us as we were just about to take over which meant we had to play the waiting game till funding was approved.”

Strictly Confidental’s Patricia Munro and Gillian Wylie, who have been supporting practitioners to develop for the past 18 years, were key to the buying process.

“Both Patricia and Gillian kept us abreast with regular updates in regard to buying the practice even before the pandemic started,” said Vipul, “and provided us with regular reassurances during the pandemic. They spoke to the legal team, the banking team, and sellers on our behalf and kept us abreast with the latest developments.”

Vipul and Shivani, and their six-strong team of two Associates and four nurses, have plans to develop the new practice, building on the strong foundation provided by Strictly Confidental’s guidance and support.

Nadia and Azeem Sheikh recently bought Bonnyrigg Dental Care, a three-surgery practice in Midlothian. They too faced challenges in passing through the various stages of purchasing but were supported throughout by Strictly Confidental.

“They introduced us to the practice,” said Nadia, “and introduced us to business advisers to help with the funding and lawyers to help with due diligence. They kept us fully informed during the whole process and were always available when we had any questions. The Strictly Confidental team also helped with buying procedure by giving us check lists of things to get done during the purchase.”

As the profession works hard to deal with the backlog of treatment built up during the pandemic, the market for practice sales and purchase remains strong so, if you are considering buying make sure your first call is to the team at Strictly Confidental.

Gillian Wylie M: 0791 468 8322 O: 0141 468 8276 E: gillian@strictlyconfidental.co.uk

Patricia Munro M: 0790 613 5033 O: 0141 468 8276 E patricia@strictlyconfidental.co.uk

https://strictlyconfidental.co.uk

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