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Grossing $1,564,000 in Bloomington/Normal

Public Overview

Status Type

Sold

Practice Type

General

Opportunity Type

Practice for Sale

Transition Type

Sell Practice and Leave

State

Illinois

Region

Central Illinois

City or Advertised Area

Bloomington/Normal

Description

Exceptional opportunity to enjoy practicing dentistry in a uniquely satisfying and rewarding  way - low stress, high production, low overhead, long-term relationships with patients and staff, and a sterling professional reputation/standing in the local community. This 100% fee for service practice, established 33 years ago, has cultivated meaningful relationships with patients resulting in a patient base that spans three generations, values and appreciates the quality care provided, and renders a treatment acceptance rate, and collection rate, that far exceed national averages. Collections of $1,564,000 with approximately 50% overhead. Current technologies (Dentrix, Apteryx, ZOOM!  SolutionReach, iTero Scanner, computer workstations and intraoral camera station in each operatory) coupled with written, high-efficiency protocols; an active, well-managed recall system; and a stable, highly educated team aid in the delivery of outstanding dental care. The experienced, adept staff possesses excellent communication and clinical skills, a professional demeanor, are invested in patient care, and take personal responsibility for exceptional outcomes. The practice has tremendous potential for growth and increased production as it currently does no marketing, operates on a four-day work week (no evening hours), and includes six weeks doctor vacation in addition to extra days off near holidays. All oral surgery, endodontics, conventional orthodontics (the practice is an Invisalign provider), TMJ tx, and most periodontal tx are referred. The practice is respected by regional specialists and enjoys reciprocal professional relationships with specialists and peers in the area. The modern, stand-alone practice building is owned by the dentist and available for purchase or lease. A short distance from the area’s major employer (a Fortune 50 corporate headquarters), the building, designed by a nationally renowned dental architect and professionally decorated, boasts exceptional curb appeal, high visibility and timeless interiors. The ADA-compliant facility provides generous parking in its own lot. Ten plumbed operatories, eight equipped, offer opportunity for expansion to multiple general dentists, or the inclusion of on-site specialists. A large window in each operatory contributes to the bright, uplifting practice environment. The doctor’s private office includes a private bathroom, and staff enjoys the large kitchen/break room, their own private bathroom, changing room and personal lockers. A large conference room provides comfortable space for team meetings, while a separate consultation room provides privacy for patient conversations. Mechanicals, laundry room, and generous storage are housed in the semi-finished basement. Bloomington-Normal is a wonderful community for dental practice. Major employers providing dental insurance include State Farm Insurance Company corporate headquarters, Rivian Motor Company, Ferraro USA, Illinois State University, Illinois Wesleyan University, and many more. A vibrant local economy, with an increasingly diverse population, the twin cities enjoy a wealth of cultural arts, Division I sport teams, family friendly-activities and one of the highest per capita restaurant ratios in the nation. Located at the intersection of two major Interstate highways,    Bloomington-Normal residents can enjoy life in a mid-sized community with modest cost-of-living, a higher-than-average median income, low crime rates, and good schools while just a short two/three hour drive from major metropolitan areas-Chicago, St. Louis, Indianapolis. Bloomington-Normal is on the Amtrak railway and is home to a regional airport served by major airlines. This dental practice has established itself in the Bloomington-Normal community with a decades-long reputation for honesty, integrity, exceptional clinical skill and genuine caring. In addition to patient care, the practice has given back to its community since its inception. The entire team is involved in community service, and volunteerism, and the practice has received numerous awards and recognitions from local nonprofits and social service agencies for its contributions. A uniquely satisfying and rewarding dental practice.      

Listing Reference Number

-

Public Facility Info

Location

-

Facility Owned by seller

Yes

Broker Contact Info

Earl Douglas, a dental practice broker for ADS South

Guy Jaffe, MBA

314-997-0535
guy@ADSMidwest.com