People don't always take their oral hygiene as seriously as they should. According to the FDI World Dental Federation, 3.9 million people around the world suffer from oral disease, while untreated dental decay impacts almost half of the world's population.
That's a lot of teeth that need saving!
So if you're an existing practitioner looking for opportunities to go into business yourself, you should definitely consider a dental franchise.
Dental franchises are private practices offering treatments to private, paying customers; while most also offer supplementary services to NHS patients.
The UK public spends around £5.8 billion a year on dental treatments, while private dental practitioners explicitly generate an additional £2.2 billion.
Services offered by the NHS are limited to basic check-ups and fillings. But most people need a visit to the hygenist now and then (a chargeable service). And many patients consider consultations for a range of cosmetic procedures such as teeth-straightening and whitening.
You can see how dental income can start to stack up.
Franchising
Setting up a private dental practitioner's clinic is an expensive pursuit with a seemingly endless list of equipment to buy and maintain; not to mention the costs of premises. There's also a vast array of health and business regulations with which to comply. At the same time, an unestablished clinic may struggle to gather enough private patients to support the ongoing costs of the business.
Dental franchises provide a range of excellent benefits for anyone hoping to go into business for themselves, as well as an ongoing support mechanism to help your new business thrive.
Franchises are built on firm foundations with a history of profit, sustainability, and a proven market need. When you invest in a dental franchise, the parent company offers training and administration support so that you can get your practice up and running as quickly as possible.
Investing in a dental franchise is the common-sense way to go into business for yourself - providing recognisable branding that gives you instant curb-appeal and an established client base who already know you.
Dental franchises come with a ready-built reputation: people are more likely to trust a brand that they’ve already heard of.
Facts About Dental Franchises
According to the Christie Dental Market Review (2019), the dental sector is a “green light” industry for lenders, with a plethora of banks keen to support new dental franchises (despite general uncertainty in the economy).
Over 116,000 registered dental professionals are operating within the UK. Almost half of those are dental nurses, along with nearly 42,000 qualified dentists.
The dental franchise market is increasingly driven by quality, with a push towards urban locations and a significant shift in demand towards the profitable private dentistry sector.
NHS practices still drive the dental sector nonetheless; although many NHS clinics supplement their income with profitable private treatments.
Franchising Vs Independent
The dental franchise market is a particularly attractive sector to moneylenders. The franchise model works well for the lending market because the business is built on proven infrastructure with a history of market viability.
Independent practitioners, on the other hand, often struggle to establish themselves within the first two to three years of operation. They offer a less attractive return on investment for lenders because they have no established place in the market.
Franchise businesses have a track record of profit, financial viability, and sustainability, where independent companies are forced to start from scratch. Resultantly, independent companies can struggle to gather start-up collateral because their business model is unproven.
Dental Franchises
Explore our excellent selection of dental franchises, and get the nation smiling. Proudly.
Find your brand new start with Franchise Direct.