Peoria is a key city in Central Illinois – known for its friendly and welcoming atmosphere, combining a strong sense of community with the convenience of city living at a lower cost than Chicago. New to the market is an exceptional general dental practice that has been a cornerstone of its local area for over six decades. This well-established practice supports two owner dentists, with one looking to transition into retirement.
The retiring dentist is actively seeking a partner to step into their role within the partnership and continue the practice’s legacy of quality care and community involvement. They are willing to stay on at a reduced capacity to ensure a smooth transition and ongoing new patient referrals. Despite minimal advertising, the practice consistently attracts 20-25 new patients each month, underscoring its strong reputation and the trust it has built within the community.
Operating on a fee-for-service basis, the practice serves 3,300 active patients and is well-equipped with six operatories in a spacious, free-standing building. The real estate is also available for purchase, offering a significant value-add opportunity. With an EBITDA of $400,000, this practice represents a remarkable opportunity for a dental group or another dentist to join and expand on a solid foundation in Central Illinois. This is more than a practice purchase; it’s a chance to step into a legacy of partnership and care that has thrived for decades.
Central Illinois practice highlights:
- 6 operatories
- Collections of $1.836 million
- EBITDA of $400,000
- 100% FFS
- Partnership opportunity
Peoria, IL, set along the scenic Illinois River, offers a thriving economy with a remarkably low cost of living and affordable housing, highlighted by a median home price of just $135,000. This Midwestern city supports strong sectors in healthcare, manufacturing, and education, enhancing its business environment. Bradley University enriches the community by educating around 5,400 students across a wide spectrum of undergraduate and graduate programs. Residents enjoy a strong sense of community, extensive cultural events, and numerous recreational activities, from museums and theaters to parks and river-based activities, making Peoria an appealing place to live.
Interested in learning more about this Central Illinois general dental practice? Contact Professional Transition Strategies to review the prospectus – email Bailey Jones: bailey@professionaltransition.com or call: 719.694.8320. Reference #IL22625. We look forward to speaking with you!
