Luis Molina
Fort Lauderdale, FL (USA)
Role(s):
Founder/Owner/Principal
Bingo Dental
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Startup
Location:
Fort Lauderdale
Industry:
Consulting
Year Founded:
2006
Number Employees:
1-10 people
Description:
Bingo Dental is a dental equipment repair company that is revolutionizing the Dental repair industry! We provide dental practices with a one stop mobile shop for all of their service, repair, and consumable needs. Our mission statement is to revolutionize the dental service industry by delivering immediate, cost effective consumable product replenishment, on site equipment repairs and service, and incredible customer service through our network of highly trained franchise technicians.
Bingo was founded in February 2006 when a good friend of mine Mike Parker approached me with the idea of repairing dental equipment in a van. Mike had prior experience repairing dental equipment and said that the biggest complaint from dentist was the turnaround time for the repairs. So we came up with the idea of putting together a dental repair business based out of a van where we can go to the dental office and repair equipment on site. We wanted a name that was very easy to remember and BINGO was born. Our number is 1-800-BINGO 4 U and our web site is (URL removed).
The reason that we are looking for additional capital is because we feel that BINGO is a concept that can easily be franchised, but we do not have the sufficient capital to develop the proper infrastructure that will be required to support the growth that we will see when we begin franchising the brand.
With the right infrastructure in place Bingo can easily become a $100 million dollar company within 3 (URL removed) recession also offers a silver lining to Bingo, as businesses, including dental services and practices, cut costs. With new equipment purchases slowing tremendously, an already under identified target client base is rapidly growing. From a franchising perspective, Bingo offers a highly competitive, unique, low entry cost business opportunity with a high potential return on investment. Many franchising opportunities rely on the prospective franchisee’s ability to identify and market to their potential customer base. Bingo will dedicate internal sales staff to identify and set appointments for each franchise. The Bingo model recognizes that an established marketing and scheduling structure will allow the franchisee to concentrate on service, and maximize the return on investment for both franchisee and franchisor alike. A secondary benefit to such a structure is that it also acts as an audit process, as the franchisor has access to the schedules and activities of all franchisees.
Bingo will market aggressively to certain key prospect groups, including military veterans, medical and dental technicians, and second career seekers. Over 250,000 people leave the armed forces each year, bringing strong work ethics, organizational expertise, and the ability to execute to whatever new career path they choose to follow. The squeeze on the job market challenges new graduates to think “outside the box” as they consider their career options. And many mature personnel are opting to use severance packages from their current organizations to fund new entrepreneurial opportunities.
My partners and I would like the opportunity to sit down and discuss the Bingo Dental opportunity with you. We have a business plan that details the business as well as projects the three year financial model. I believe that being a successful business person is about partnering with the right people. Below are some of the companies that we have successfully launched and established (URL removed) (URL removed) (URL removed) (URL removed) (URL removed) (URL removed) (URL removed) . Resumes are also available upon request.
We are looking forward to getting the opportunity to meet with you.