Article
This article relates my experience of selling my orthodontic practice to a dental corporate body. It includes the advantages and disadvantages of the sale, and my advice and recommendations to anybody who is considering such a move. Some decisions made by the dental corporate body did have an indirect impact upon clinical practice. The objective of the article is to highlight the advantages and pitfalls of selling an orthodontic practice and how to attempt to mitigate against the latter as much as possible.
I jointly opened my orthodontic practice on the first of October 2000 with my colleague, Dr Stephen Duffy. It was in an ideal location on the first floor of a premises in North Leeds. In a newly built shopping centre, with extensive parking and ideally located for easy access by private and public transport, the landlords had earmarked a large first floor area for use as a general medical practice. The premises were vacant, and we approached the landlords with a view to leasing them for a 20-year period. It already had planning permission for both dental and medical use, so it was a relatively quick process to convert and equip the practice.
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