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Lincolnshire Predominantly NHS Dental Practice For Sale
Lincolnshire - Predominantly NHS - ID 60425
SOLD SSTC
Asking Price: £744,323
Presenting to the market this three surgery predominantly NHS practice located in the heart of Lincolnshire. Income at the practice is derived mainly from NHS income with a high UDA rate of £33.57. There is also fee paying patients and a small amount of implant work carried out at the practice. Current chair time is at 68% providing plenty of scope for income growth. The practice is located just off the main High Street and has recently had refurbishment work carried out to give the practice a pleasant feel within. There is Free on-road parking available for staff and patients and the practice is nestled amongst plenty of shops and amenities. In addition to the NHS Contract, the practice also has a PDS contract of £117,728 for delivery of 4,159 UDAs. This contract is due to expire in September 2021, however may be renewed. The valuation and sale price of the practice has been assessed on the basis that the contract will not be renewed, to present a worst case scenario.
- Predominantly NHS Practice in a non-competitive location
- Extremely desirable UDA rate of £33.57
- Chair time is at 68% providing plenty of scope for income growth
- Free on-road parking
- PDS contract removed from forecast but can be renewed Sep 2021 £117,728 value
- High Street location
- TenureLeasehold
- Surgeries3
- Lease (p.a)iro £18,000
- Turnover 2021c£491,887
- Turnover 2020£628,139
- Turnover 2019£605,306
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