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 practices 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; its 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: [email protected] or call: 719.694.8320. Reference #IL22625. We look forward to speaking with you!
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