DAVIE, Fla.—Dental Fix Rx, which launched in 2009, has signed its 250th franchise agreement with entrepreneur Jason Patrick, who will be bringing the brand to Hampton, Virginia.
With about 400 franchise territories available throughout North America, the company expects all U.S. territories to be sold within the next three years.
Already servicing more than 18,000 dental professionals, Dental Fix Rx is a fast-growing mobile dental equipment repair service franchise that is revolutionizing the dental service industry by delivering immediate, on-demand equipment service, handpiece repairs and cost-effective consumable products through its network of highly-trained franchise professionals.
Benefitting the franchise’s success is the continued development of the dental industry, which is projecting a nine percent increase in job growth. The rising costs for new equipment as well as technology advancements that have increased productivity in dental practices are other favorable factors that result in more dentists choosing to repair equipment over buying new and making quick, economical repairs even more important for operations.
For the past 35 months, Dental Fix Rx has sold or opened a new unit each week, adding around 1,000 new customers each quarter. The burgeoning franchise expects to surpass its 2015 growth rate with more than 75 new franchise agreements signed this year.
“We realize that we’re not the ‘sexiest’ franchise concept that prospective franchisees are looking at today, but we are one of the most viable business opportunities available,” said Dental Fix Rx EVP of business development, Scott Mortier. “Dental practices typically budget $6,000 a year for equipment repairs. With this constant need for our services and low competition in the marketplace, our franchisees are experiencing strong demand and have no trouble surpassing our franchise guarantee of 40 clients within their first year of business.”
Due to the intensive eight-week training program Dental Fix Rx provides, no prior industry experience is required to become a franchisee. Since franchisees are typically owner-operators, Dental Fix Rx owners must be personable and have the ability to build lasting relationships. The Dental Fix Rx corporate team provides centralized technological and account management services to handle the majority of the back-end office support. This allows franchisees to primarily focus on serving local dental practices and offering first-class customer service.
For franchisee Philip May, who previously worked in corporate finance as a divisional CFO, there were many positive aspects—personally and financially—that drew him to Dental Fix Rx such as the earnings potential that can be reached with minimal investment, targeted customer base and work-life balance.
“When I began looking at starting-up, or buying an existing non-franchised business, the risk of failure and the time it would take to gain success raised a lot of uncertainties. I didn’t want to spend months trying approaches that may or may not work, so I began looking at franchise concepts. I liked that a franchise provides a system and formula, which when diligently followed, leads to a much more predictable outcome,” May said. “Dental Fix Rx was the franchise that ticked all the boxes for me and gave me the confidence to jump in and execute that formula. Within eight months of operating my franchise, I bought a second van, hired a service technician and purchased the next territory.”