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There is an extreme shortage of dental assistants in the United States. The U.S. Department of Labor lists dental assisting as one of the top ranked areas for job opportunities. This 'shortage' is expected to last for many years to come. Today, the 'typical' general dental practice schedule 18-30 patients per day, demanding a need for 3 trained dental assistants. Due to the operational pressures in the practice, production and revenue are negatively impacted if dentists and their staffs have to take time to train new assistants. There are schools for training dental assistants whose lengths are 9-12 months with tuition costs of $8,000-$12,000. Significant decreased enrollment in these schools has given rise for the need of condensed and affordable training programs.
This venture, successfully owned, established and operated State licensed 9 week training programs in multiple locations. This model uses the facilities of the actual dental office, after hours, using the current dental staff as instructors. Since the opening of its first school in 2003, this exciting operation has graduated more the 1000 students, 90 plus percent securing positions in dental offices. (The revenue referenced above in 'financial history' is from student tuitions).
Having proved the essential elements of securing sites and State licenses for schools, enrolling and graduating students (with exceptionally high retention rates) and graduate employment, the model expanded and began offering its program to the dental community in the Fall of 2006. The 'model' tested the market and with little effort, sold 12 programs in the last 4 months of 2006. The program includes all the instructional material (in manual and dvd formats) and one year of telephone support to ensure an ongoing professionally and financially successful school. Included in the purchase price of the 'turn key' program is a commitment to secure the license to conduct a school from the State in which the school is to be conducted. The Dentist who owns and operates the school derives major benefits. They include: creating annual bottom line profits equal to as much as 50% (or more) as is produced from the dental practice; creates a separate saleable asset that could be worth more than the practice itself; maintains staff stability by virtue of enabling present office staff to earn significant additional income with their involvement with the school; enhances reputation with existing patients and in both dental and general communities.
Against the backdrop of the above, there exists a unique and enormous opportunity for the selling of this 'unique' program to dentists throughout the United States. This opportunity creates both high current income and ongoing residual income. There are more than 170,000 dentists in the United States approximately 80% of whom are general practitioners. American Dental Association statistics reveal that the average net income of solo general practitioners (owners) is $170,000, of partners is $177,000 and of employed dentists in general practices is $125,000. Each unique school can very comfortably produce aa annual bottom line profit of $60,000 - $100,000, a enormous impact on the lifestyle and net worth of the owner.
From both statistical and practical perspectives, there is a market for at least 2,000 of this unique model as forcasted in the Pro Forma Projections. In addition to revenue from sales, ongoing residual income is derived from annual relicensing of the schools and 'request for enrollment' from the corporate website. Currently, there is virtually no competitive program. |