The Group of companies that owns the Life Dental Spa brand of dental clinics, with 11 locations in Romania, has seen a doubling of turnover in the last year, to more than 10 million euros, and plans for the current year aim to strengthen its local presence by opening new dental clinics in the main cities in the country and a doubling of business during 2023.
The main line of business of the Group is represented by the Life Dental Spa dental clinics, followed by its own dental laboratories, as well as Marketing and Management activities.
„The year 2022 was the best year yet for us, we focused on developing and streamlining processes, we managed to end the year with 10 clinics across the country and a team of over 80 dental professionals. The doubling of business, to over €10 million, is primarily due to the development strategy we implemented during the pandemic period, when we set out to open new locations nationwide, with nine such clinics opened from 2020 to date, when we have reached 11 units across the country, after the latest opening, in Constanta, since early May”, Stefan Obreja, CEO and cofounder of Life Dental Spa stated.
Life Dental Spa, investments of more than 10 million euros in the last 3 years: “We want to reach 30 dental clinics in the next few years”
The investments made by the group of companies behind Life Dental Spa in the last 3 years amount to more than 10 million euros and include, for the most part, the opening of nine locations in the main cities of the country, staff training, promotion and awareness campaigns to improve the quality of life by treating dental problems.
Currently, Life Dental Spa clinics are located in Bucharest (3 locations), Iasi, Cluj-Napoca, Oradea, Brasov, Arad, Sibiu, Pitesti and Constanta.
“By the end of this year we want at least one more clinic in Bucharest, for which we are actively looking for space, and one each in Ploiesti, Timisoara or Craiova, which would bring the total to 15 units. Investment this year will exceed 2 million euros”, Stefan Obreja added.
In the coming years, the Group, led by Stefan Obreja, plans to reach at least 30 clinics throughout the country, with investments that will exceed 7.5 million euros.
“We want to reach the main cities in Romania with more than 100,000 inhabitants. Our plan for this year is to cover the main major cities in Romania with at least one Life Dental Spa clinic, and for the next 3 years is to reach cities with at least 100,000 inhabitants, through strategic partnerships. We are also exploring the possibility of identifying partners to join our business. We are also considering existing locations with medical teams who want to go to the next level and we are open to collaborate with entrepreneurs or intrapreneurs who want to invest, together with us, for a return-on-investment in a very short time”, said Stefan Obreja.
According to the Life Dental Spa representative, the investment budget for a partnership location starts at €10,000 for a minority stake in the business and can go up to 49% of the business.
“We have decided that starting this year we will expand across the country and in different forms of partnerships with entrepreneurs, doctors or dental clinics who want to have a guaranteed ROI. Dentistry is a secure business, regardless of a country’s economic situation, political conflicts or a somewhat unfavourable or sensitive context, as it can be in other industries. People need to take care of their teeth no matter what is happening outside. It is an investment with minimal risk of failure”, Stefan Obreja added.
Over half a million euro investment in Constanta
At the beginning of May, Life Dental Spa opened its 11th unit in Constanta, an investment of over 500,000 euros.
The new Life Dental Spa clinic in Constanta, which benefits from a unique technology using dental lasers, is located at 2B Farului Street, in a residential area, very close to the Farul Constanta stadium.
The Life Dental Spa Constanta clinic has a total area of more than 400 square meters, in which there are five offices, where more than 10 professional dentists will work and is the only one in the south-eastern part of the country equipped with laser technology, both for the treatment of hard and soft tissues.