Dental Practices

Dental Solicitors in Birmingham

Looking for the right residential conveyancing solicitor in Birmingham can be a difficult task, but as a dedicated team, our aim is to take the stress off you and offer you the right advice and support so that the entire process will run smoothly.

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Selling a Dental Practice

If you are thinking about selling your dental practice, you have come to the right place. We understand CQC requirements, NHS contracts and related obligations. Selling a business is one of the most difficult decisions you will make, as we understand the financial and emotional investment you have made towards making your business as a success. You have built up credibility and relationships across the community, and saying goodbye is going to be difficult.

Whatever the reason for selling your dental practice, whether it be to retire, release some funds to start a new business venture, or you have had enough of all the hurdles you face. Rest assured that we as dental practice specialists, understand the challenges this industry faces and will guide you through the process with minimal stress. Our specialist commercial property team will also work with you to ensure the smooth handover of the premises.

What fees do I pay

As dental experts, we can provide you with a fixed legal fee, where most firms are still charging by the hour. This gives you the peace of mind that your legal bill is not going to spiral out of control.

If we can help you, please contact us today. The sooner we become involved in the sale process, the smoother the process will be.

How long does the process take?

If all parties involved raise and reply to enquiries accurately and without delay, and the buyer is successful with their CQC application we aim to complete the process within 10 to 12 weeks.

How can you speed up the process as the seller?

As the seller you will be required to respond to enquires raised by the buyers. This is known as due diligence. You will be asked various questions about the property, fixtures and fittings, equipment, staff, accounts, contracts, and insurance etc. 

It is important that you have this information to hand, as you will be required to provide evidence to go alongside your answers. This information is then uploaded to an online data room and shared with the buyer’s solicitors.

What are the key legal stages?

Week 1 

Memorandum of Sale – this will include the agreed sale price, parties, and advisers details 

Week 2 

Due Diligence – enquiries raised by the buyer about the dental practice and property 

Week 4  

Due Diligence Replies – your replies as the seller will be sent to the buyer’s solicitors for consideration

Week 5 

Purchase Agreement – this includes warranties, statements confirming what is being sold and restrictive covenants that stop you setting up a dental practice nearby. 

Week 8

Disclosure Letter – your chances to set out exceptions to the warranties 

Week 9 

Exchange of contracts – this makes the sale legally binding, while you wait for the buyer’s registration to operate the dental practice.  

Week 12 

Completion – handover of monies and signed contracts

Buying a Dental Practice

Buying a Dental Practice in the UK can be very financially rewarding, especially for those with sufficient funds to invest. Owning and running a dental practice is very complex, from understanding CQC requirements, and NHS contracts, the location, and staffing issues. Rest assured, our knowledge and expertise within this sector will ensure the process is smooth and as stress free as possible. 

The dental sector, like all healthcare areas, is a highly regulated industry and those buying into it must comply with strict requirements set by the CQC and NHS. As experts within this sector, we fully understand their requirements; therefore, we can hit the ground running and deliver solutions not problems. 

We have helped many owners all over the UK purchase dental practices.

What fees do I pay

Buying a dental practice is going to be one of the biggest financial transactions you will be involved in. Therefore, we understand that you are looking for solicitors who are transparent with their legal fees so you can keep on top of your finances.    

As dental specialists, we can provide you with a fixed legal fee, where most firms are still charging by the hour.  

Where a commercial property is involved, you will need to cover third party costs, these are known as disbursements, and include searches, land registry fees and other checks, and these will be advised at the start of the process by our commercial property specialists. 

If we can help you, please contact us today. The sooner we become involved in the purchase process, the smoother the process will be.

How long does the process take?

If all parties involved raise and reply to enquiries accurately and without delay, we aim to complete the process within 10 to 12 weeks subject to your CQC registration.

How can you speed up the process as the purchaser?

If you are raising finance, make sure your bank fully understands the details of the dental practice you are buying and that any issues are dealt with early on.

What are the key legal stages?

Week 1 

Memorandum of Sale – this will include the agreed sale price, parties, and adviser’s details. 

Week 2 

Due Diligence – enquiries raised by us about the dental practice and property.  

Week 4 

Due Diligence Replies – wait for the seller to respond to all enquiries for you to consider and make further comment if required. 

Week 5 

Purchase Agreement – this includes warranties, statements which confirm what is being sold and restrictive covenants that stop the seller setting up a new dental practice. 

Week 8 

Disclosure Letter – exceptions to the warranties for you to review.  

Week 9 

Exchange of Contracts – this makes the sale legally binding. 

Week 10 

Completion – handover of monies and signed contracts.

Speak With Our Expert

Jas Singh

Director – Corporate and Commercial Law

Email: Jas@pickfordsolicitors.com

Phone: 0121 726 5982