Gentle Dental Ruakākā
For many, city living is linked with earning potential. However, there are instances when the true investment growth possibilities lie in small townships that are ‘on the up’ and this is where a sought-after lifestyle and a cash-building business opportunity can collide.
Serving a loyal and growing clientele for almost 20 years, the two-surgery Gentle Dental Ruakākā offers the dual benefit of being well established while offering plenty of room for revenue growth.
Located in Bream Bay – one of New Zealand’s most stunning stretches of coastline with 22km of golden sand – the township of Ruakākā originally grew up due to its proximity to Marsden Point oil refinery. Just 90 minutes north of Auckland and 30 minutes south of Whangārei, it has become a thriving and growing township offering locals a relaxed beachside style of living within a strong sense of community and with good facilities and schooling.
With a population of around 2500, the town receives a significant swell of visitors during summer, popular for its beautiful surf beach, rare bird reserve and holiday parks. Nearby Whangārei offers a wealth of shopping and leisure activities and is also experiencing high growth – in fact, Northland’s population was the fastest growing in the country in the 2018 census.
For Seena Gopi, the purchase of the Gentle Dental practice in 2015 was a chance to realise her dream of owning her own business after working as a dentist in Auckland for eight years.
“There was a great advantage in starting with an established practice,” she says. “It meant I could start building up the clientele immediately and I was able to raise the turnover by $90,000 in the first year.”
In fact, she was able to use the business to fund the start-up of a second practice which she is now concentrating on, leaving Ruakākā as a growth-potential for the new owner.
“With One Tree Point and Ruakākā combined, we’re reaching a population of 4500 with lots of people choosing to retire here. So there’s plenty of room to grow the current client base. We're a popular choice locally, and we also have clients coming from surrounding areas, as far as the Kaipara.”
With high-tech equipment and new flooring throughout, the practice has been extensively renovated and an incoming dentist can simply walk in and start booking in patients. It is well located near to the town’s medical centre and has a very reasonable long-term rental.
With all that Northland has to offer, this is a lifestyle choice that offers a strong financial benefit. A whole new life for the taking.
Andy Tapper, ex Lumino The Dentists CEO has engaged LANZ.Dental to help him identify practice owners looking for a secure and predictable succession plan within his new national dental group.
After nearly 15 years at the helm of Lumino, Andy has recently left following its change in ownership. I caught up with him last week to see what his plans were.