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Practice Profile: Lucrative, Efficient Practice Just Minutes from the Mountains

Posted by Betsy Krekling, ADA Advisor on 3/25/22 9:15 AM
Betsy Krekling, ADA Advisor

MountainPractice

Ready to buy your very own practice? Make this 4 op, updated office in a beautiful mountain setting yours! Last year, the seller took home $474,000 on production of $895,000, thanks to low overhead, fantastic staff, and well-honed, efficient processes.

Many of the patients are professionals who value their oral health, and you’ll be well situated in a thriving healthcare district.

And the community? If you love the outdoors, you’ll be right at home, with greenery views from the large operatory windows and just minutes to the mountains and the water.

Read on for more about this Bellingham, Washington practice.

The office

Work in a 1,250 square-foot suite with four dental operatories and a doctor’s office, each with 7’x9’ windows that look out on peaceful green space.

Updated equipment includes CBCT (cone beam), two Dexis X-ray sensors, and Genesis software. All the office computers have been upgraded to Windows 10. A shared Pano is available for use in the building.

You’ll enjoy working in a unique building that’s dedicated to dentistry. Join general dentists, orthodontists, an oral surgeon, an oral medicine specialist, and a therapist. All these professionals get along well in their separate practices, yet appreciate sharing the in-house dental lab, conference room, laundry, and equipment room (suction, amalgam separator, compressor, security system, janitorial).

Street front signage and ample parking make it easy for patients, as does the location – just a couple of minutes from the interstate at the end of a quiet street, yet just a few hundred yards from PeaceHealth Hospital and numerous other medical and dental practices.

The numbers

This has been a very lucrative practice for the seller thanks to low overhead and a highly efficient staff. Last year’s production was $895,000, with a take-home salary of $474,000 for the owner – who’s willing to sell for $568,000. You’ll also have right of first refusal to the office space.

The practice operates at 60% PPO 60% and 40% FFS, with no Medicaid.

The seller currently refers all ortho, some endo, oral surgery, pedo, perio, and most removable appliances – giving you opportunities to boost the bottom line by bringing some of these treatments in house.

The philosophy

Since the practice lies in the core of the county’s healthcare infrastructure, many patients are medical doctors, nurses, and other healthcare professionals who in turn refer their patients for dental care.

As the seller explains, “We have a strong dental community here in Bellingham and northwest Washington. The patient base has a high dental IQ. They want the best and are willing to pay for it. My referrals are well maintained. A bulk of my patients I have known for a long time. When I was first starting my practice a senior dentist here in Bellingham advised me, ‘Be good to your patients, give them the best you can, and they will be good to you.’ I think I would have done that anyway, but that advice has held up. I really love dentistry, and all the changes through the years. I always have. I keep current with continuing education. I teach at the University of Washington, I do some hospital cases at the ED and OR. I don't want to sell and just walk away. I want each and every established patient and staff member of mine to stay with the practice.”

Likewise, the staff make the practice run so efficiently. He continues, “We currently have the best staff of my 30+ year career. We work together, play together, laugh, and have fun. We have team-building events like Seahawks games, overnights in Seattle, dinners, lunch and learns together. This puts energy and patients in the treatment column.”

And patients appreciate that energy and atmosphere. Most are word-of-mouth referrals, and the practice has never had to advertise.

Why Bellingham, Washington

The coastal city of Bellingham, Washington is truly a playground for families, with every sort of outdoor recreation you can think of:
• Golfing
• Sailing in the San Juan Islands
• Skiing-snowboarding (at Mt. Baker, which boasts the largest snow pack in America)
• Fishing (lake, river, saltwater for salmon or steelhead!)
• Mountaineering
• Kayaking
• Camping
• Rock and ice climbing
• Hunting (big game and small)
• Horseback riding
• Flying
• Parasailing
• And on and on…

Or just sit back and enjoy the beautiful mountain and water views and wonderful sunsets. Check out the local casinos or all the athletics and activities at Western Washington University.

And everything’s so close that you can easily have fun after your workday! Drive just a few minutes from the office and you’ll be right downtown, amid the growing foodie and brewery scene – plus local beaches and the coast.

You’re just an hour from Vancouver, British Columbia and 90 miles from Seattle.

Sound like the perfect place to take the next step in your career? Learn more about this practice by creating your free ADA Practice Transitions profile today!
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Browse some of our featured Practice Profiles for a small sample of what's available when you work with ADA Practice Transitions™ (ADAPT)! And keep an open mind — the perfect practice for your goals might be in a place you never expected! 

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