Specialist enterprise property adviser, Christie & Co, has introduced the sale of personal Edinburgh dental apply, McCutcheon & Ballantyne.
McCutcheon & Ballantyne is a majority-private earnings dental apply with three absolutely geared up surgical procedures and over 2,600 lively sufferers. The enterprise occupies the bottom flooring of a formidable three-storey conventional Georgian property located within the coronary heart of the prosperous residential space of Comely Financial institution, just some minutes’ stroll from the favored areas of Stockbridge and Inverleith, and one mile north of Edinburgh metropolis centre.
The positioning has been working as a dental apply since 1929, with solely 4 homeowners on this time. In 2002, sitting Affiliate, Mark McCutcheon, and David Ballantyne took over the apply from Cooper & Corridor. By the top of 2004, the pair had virtually totally refurbished, modernised, and computerised the apply and, in 2007, a 3rd Associate, Ann McCutcheon, joined the enterprise with the remaining elements of the apply efficiently transformed to a non-public provision for charge paying adults.
The Companions, Mark McCutcheon, David Ballantyne and Ann McCutcheon, determined to take a step again from possession after 20 years on the helm. The apply was dropped at market on a confidential foundation and attracted a considerable quantity of curiosity, with over 40 enquires acquired throughout the first 48 hours of the launch.
A aggressive deadline adopted, with the Companions deciding to simply accept a suggestion from Davinder Singh Kalsi and Jonathan Wardell, who they felt shared a compelling strategic imaginative and prescient which aligned to the present ethos and their dedication to the very best high quality of affected person care.
Talking on behalf of the exiting Companions, David Ballantyne feedback, “After almost 40 years in apply, the time was proper to maneuver on from dentistry. We’ve got finally discovered a wonderful match with Davinder and Jonathan, and I really feel assured they are going to take the apply on to new heights with their skillset and imaginative and prescient for the long run.”
Dr Davinder Singh Kalsi feedback, “Jonathan and I had studied and lived collectively for 4 years whereas in Aberdeen and had lengthy mentioned buying a apply collectively. We had been on the lookout for the proper apply to buy in Edinburgh for fairly a while and had a really particular standards listing, so we knew instantly from the brochure that this was the proper apply. With Mark, Ann and David going out, myself, Jonathan and Jonathan’s spouse Stephanie taking on, it was an ideal match. It’s a apply with an important ethos and affected person base, luxury-sized surgical procedures, and the power for us so as to add the remedies that weren’t at present being provided, resembling Orthodontic therapy and Implants, permitting us to increase the affected person base with a view to including two surgical procedures later.”
Paul Graham, Head of Dental at Christie & Co, who dealt with the sale, feedback, “It was a pleasure to behave on behalf of David, Mark, and Ann within the sale of their apply. The method was extremely aggressive with vital curiosity and a number of gives acquired. Not solely is that this a testomony to the standard of the apply but in addition exhibits the power of demand that the Scottish dental market at present has. I want the new homeowners – Davinder, Jonathan and Stephanie – each success for the long run.”
McCutcheon & Ballantyne was bought for an undisclosed worth.